The current hot topic is gender budgeting - why government should introduce gender budgeting?
Gender based budgeting is important to ensure we are creating a fair society as well as addressing one of the 17 Sustainable Development Goals (SDGs) - SDG 5. Thinking about the outcome and impact of policy decisions will help to direct limited resources to ensure wider societal issues and imbalances are addressed - it is not only morally correct to do so, it is ethically and it makes financial sense.
Totally agreed-in accordance to McKinsey Global Institute, if governments eliminate sexual inequality in the labour market in Latin America, GDP could be boosted by 34% or $2.6 tn.
Gender budgeting allows government to promote equality through fiscal policy. It involves analysing a budget's differing impacts on men and women and allocate money accordingly. For example If government cut funding for childcare in the UK, it will force more women to provide more unpaid care work at home, which in turn constrains their ability to participate in the labour force. In poorer countries, reduced funding for clean water can force girls and women to spend their days fetching water instead of going to school or work.
Do you have any example of Gender Budgeting implementation to share?