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Should you always use a budget as a tool to guide your spending
Should you always use a budget as a tool to guide your spending

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FINAL EXAM—REVIEW SHEET (This sheet, while not all inclusive
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Participatory budgeting



Participatory budgeting (PB) is a process of democratic deliberation and decision-making, and a type of participatory democracy, in which ordinary people decide how to allocate part of a municipal or public budget. Participatory budgeting allows citizens to identify, discuss, and prioritize public spending projects, and gives them the power to make real decisions about how money is spent. When PB is taken seriously and is based on mutual trust local governments and citizen can benefit equally. In some cases PB even raised people's willingness to pay taxes.Participatory budgeting generally involves several basic steps:1) Community members identify spending priorities and select budget delegates2) Budget delegates develop specific spending proposals, with help from experts3) Community members vote on which proposals to fund4) The city or institution implements the top proposalsA comprehensive case study of eight municipalities in Brazil analyzing the successes and failures of participatory budgeting has suggested that it often results in more equitable public spending, greater government transparency and accountability, increased levels of public participation (especially by marginalized or poorer residents), and democratic and citizenship learning.
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