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Benchmarks for Teaching Citizens to Understand Government Financial Performance and Financial Budgets

Rapid Response Memo - Oct 2018 (#00362)
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This extensive report addresses the pressing issue of financial literacy when it comes to government financial performance. As the public demands greater accountability, there is an urgent demand for increased capacity to understand how public finances are managed. The report explores global initiatives developed by Educational Entities, State Bodies, and Civil Society Organizations. Focusing on benchmarks and best practices that educate and engage citizens, fosters deliberate democracy. This paper presents an in-depth analysis, exploring both sides of the coin, addressing why some countries fail and others do relatively well in raising public financial literacy levels. Additionally, it contains rankings, a list of knowledgeable experts, and covers extensive resources for further research.