Africa

Benin


SDG Finance - Component 1

Support the SDGs-based Budgeting in Benin Through Fiscal Space and Efficiency Enhancement

Sustainable Development Goals
Total funding allocated
SDG Finance - Component 1
US $ 836000
Co-funding by UN agencies
SDG Finance - Component 1
US $ 270000
#IntegratedFinancing
#Efficiency
#SDGCosting
#CloseFinancingGap
#ShiftingInvestmentSystems

Brief description

To solve the misalignment between the national plan and the national budget,Benin will develop a country-specific Integrated National Financing Framework (INFF). The INFF will cover analysis and solutions in planning, budgeting, and monitoring of public and private investments to increase the efficiency and effectiveness of public expenditures and widen the fiscal space towards the SDGs. Ultimately, the INFF will create the space for partnership and dialogue to increase resource mobilization.

Approach

The implementation of the JP will be placed under the Steering Committee of the national mechanism for the implementation, monitoring and evaluation of the Growth and Sustainable Development Program under the National Development Plan. The strategy is to provide technical assistance, capacity development, and systems strengthening support to the stakeholders of the planning, programming, and budgeting chain. This way, the programme helps Benin to not just mobilize more resources to expanding the fiscal space, but shifting the way the current money is invested and spent to align with national development priorities and the SDGs.

Quick facts

Total budget:
US $ 1,106,000

UN Agencies:

UNDP, UNICEF


National Partners:

Ministry of Economy and Finance


Duration:
Jun 2020 - Dec 2021

Financial Information