Powered by OpenAIRE graph
Found an issue? Give us feedback
image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/ ZENODOarrow_drop_down
image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/
ZENODO
Other literature type . 2025
License: CC BY
Data sources: ZENODO
ZENODO
Other literature type . 2025
License: CC BY
Data sources: Datacite
ZENODO
Other literature type . 2025
License: CC BY
Data sources: Datacite
versions View all 2 versions
addClaim

RESILIENT BUDGETING UNDER GLOBAL DISRUPTION: A NEW FRAMEWORK FOR INTERNATIONAL PUBLIC FINANCIAL MANAGEMENT

Authors: Mbonigaba Celestin*, G. R. Gnana Raja**, J. Azhar Mohamed** & J. Vimala***;

RESILIENT BUDGETING UNDER GLOBAL DISRUPTION: A NEW FRAMEWORK FOR INTERNATIONAL PUBLIC FINANCIAL MANAGEMENT

Abstract

Geopolitical conflicts, climate change and debt shocks in the post pandemic period have disrupted global fiscal systems and exposed the limitations of mechanistic budgeting and static forecasting. This research investigates how the public sector achieves budgeting results within the uncertainty of adaptive and flexible systems, incorporating predictive analytics, integrates adaptive governance, digital fiscal systems, and institutional complementarity in public sector budgeting unpredictability. This research uses secondary data from 58 countries covering the period 2020- 2024 obtained from the IMF, OECD, World Bank, and World Uncertainty Index incorporating system of equations and multilevel regression analysis. This research showed that fiscal coordination (β=0.41), institutional accountability (β=0.39), and digital budgeting (β=0.34) combined explained as much as 83 percent of the budget performance resilience, with disruption intensity as the moderating variable. Those countries with strong credible fiscal governance systems, independent fiscal oversight, and digital interconnectivity maintained smaller fiscal deficits and rapid recovery. This research makes a significant contribution to theory of fiscal federalism by embedding adaptive coordination within a construct of digital transparency with a revised stress testing framework. From a practice perspective, this research reinforces the reform of public financial management with the adaptive element of real-time fiscal flex and trust. The findings encourage policymakers to implement digital accountability, mid-year budget reviews, and contingency anchors, while transitioning from compliance-based governance to adaptive, data-driven fiscal governance to achieve sustainable stability.

  • BIP!
    Impact byBIP!
    selected citations
    These citations are derived from selected sources.
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    0
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Average
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Average
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Average
Powered by OpenAIRE graph
Found an issue? Give us feedback
selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
Green