Title International practices to promote budget literacy : key findings and lessons learned / Harika Masud, Helene Pfeil, Sanjay Agarwal, and Alfredo Gonzalez Briseno

Published Washington, DC : World Bank Group, [2017] ©2017

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Description 1 online resource (xi, 217 pages) : color illustrations Series World Bank e-Library World Bank Studies World Bank e-Library. Contents Front Cover; Contents; Acknowledgments; About the Authors; Abbreviations; Overview; Chapter 1 Background; Rationale and Objectives; Scope; Method; Notes; References; Chapter 2 Main Findings; School-Based Initiatives; Beyond-School Initiatives; Notes; References; Chapter 3 Lessons Learned; Setting Strategic Objectives; Incorporating Budget Literacy Education into School Curricula; Developing Diverse Methods and Materials for Teaching and Assessing Budget Literacy; Building Capacity to Promote Budget Literacy Education Appendix A Evaluation Resources for the Chance to be Chancellor/Youth Budget Program in the United KingdomAppendix B Pedagogical Resources for Primary School; Appendix C Pedagogical Resources for Secondary School; Appendix D Summary of Case Studies on School-Based Budget Literacy Initiatives; Appendix E Summary of Case Studies on Beyond-School Budget Literacy Initiatives; Boxes; Box 1.1 The Importance and Relevance of Budget Literacy; Box 2.1 Teaching Budget Literacy: Examples of a Tiered Approach; Box 2.2 Introduction to Fiscal Education Programs in Latin America Box 2.3 Student Engagement with Elected Representatives in the PhilippinesBox 2.4 Using Multiple Choice Questions to Test Budget Literacy; Box 2.5 Using Data Interpretation Questions to Test Budget Literacy; Box 2.6 Using Description of Budget Concepts to Test Budget Literacy; Box 2.7 Using Open-Ended Questions to Test Budget Literacy; Box D.1 Sample Examination Questions; Box D.2 Pedagogical Approaches for the Character and Citizenship Curriculum; Box D.3 Pedagogical Approaches for the Social Studies Curriculum Box E.1 Questions Most Frequently Asked by Social Auditors in Interviews and Focus GroupsFigures; Figure 1.1 Budget Transparency Feedback Loop; Figure 2.1 Chance to Be Chancellor/Youth Budget Program: Ratings by Participants; Figure 2.2 Participants' Feedback: Boston's Youth Participatory-Budgeting Process; Tables; Table 2.1 Dimensions and Learning Outcomes of Budget Literacy Education; Table D.1 Student Enrollment in the Federal Budget Secretariat's Virtual School; Table D.2 Relevant Modules and Curricular Content; Table D.3 Approaches to Teaching Budget Literacy Summary Budget literacy is defined as 'the ability to read, decipher, and understand public budgets to enable and enhance meaningful citizen participation in the budget process'. It is comprised of two main parts - (i) a technical understanding of public budgets, including familiarity with government spending, tax rates and public debt and; (ii) the ability to engage in the budget process, comprising of practical knowledge on day-to-day issues, as well as an elementary understanding of the economic, social and political implications of budget policies, the stakeholders involved and when and how to provide inputs during the annual budget cycle. Given that no international standards or guidelines have been established for budget literacy education to date, this book seeks to address this gap by taking stock of illustrative initiatives promoting budget literacy for youth in selected countries. The underlying presumption is that when supply-side actors in the budget process -- governments -- simplify and disseminate budget information for demand-side actors -- citizens -- this information will then be used by citizens to provide feedback on the budget. However, since citizens are often insufficiently informed about public budgets to constructively participate in budget processes one way to empower them and to remedy the problem of "budget illiteracy" is to provide budget-literacy education in schools to youth, helping them evolve into civic-minded adults with the essential knowledge needed for analyzing their government's fiscal policy objectives and measures, and the confidence and sense of social responsibility to participate in the oversight of public resources. This book elaborates on approaches, learning outcomes, pedagogical strategies and assessment approaches for budget literacy education, and presents lessons that are relevant for the development, improvement, or scaling up of budget literacy initiatives Notes "This book is a product of the Governance Global Practice of the World Bank"--Acknowledgements "World Bank study." Bibliography Includes bibliographical references Notes Resource, viewed July 28, 2017 Subject Budget process -- Study and teaching Finance, Public -- Study and teaching Budget process -- Citizen participation Finance, Public -- Citizen participation EDUCATION -- Administration -- General. EDUCATION -- Educational Policy & Reform -- General. Finance, Public -- Citizen participation Finance, Public -- Study and teaching Form Electronic book Author Pfeil, Hélène, author. Agarwal, Sanjay, author González Briseño, Alfredo, author World Bank. Governance Global Practice Group, issuing body. ISBN 9781464810725 1464810729

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