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What’s public finance (PF) for, anyway? Presented at the Commission on Human Rights/UNDP peer review of Human Rights Based Approach (HRBA) to Public Finance (PF), 17 January 2013 at the CHR Quezon City Isagani R Serrano President, PRRM HRBA to PF: Bull’s eye! • State of HR, state of PF: deficits & business-as usual • What’s PF for, anyway? • Game/frame changing: ‘from GDP to HR’ • HR in post-2015 development agenda: reconfirming rights, recognizing limits, redefining goals HRBA to planning & budgeting • HR-sensitivity of assessment instruments • HR-sensitivity of planning instruments • HR-sensitivity of budgeting HRBA to revenue generation • Common but differentiated responsibilities for financing development • Progressive taxation • HR perversion: people should keep their money since they know better than government how to spend it (eg. Bush & the likes) HRBA to deficit & borrowing • HRBA to ‘living within your means’ (balanced budget at the expense of HR) • HRBA to deficit: spending more for HR • HRBA to borrowing: debt as such not the problem No excuses • Maximum available resources: whatever a country can give • Under any circumstances: normal or crisis situation regardless HRBA to accountability • Report card, process & outcome assessment • Baseline for next PF cycle • Accountability across-the-board & beyond mandated institutions • Citizen audit How to make it happen? • HR education • Back to basic: change what we value most; change the measures, change the indicators: make HR count (baseline, M&E, all assessment, planning & budget instruments) • PNoy (the duty bearer) takes the lead! Thank you!