An Elected Official's Guide to Fiscal First Aid
An Elected Official’s Guide to Fiscal First Aid and Financial Recovery aims to help public officials navigate through these challenging economic times. The booklet covers three basic stages of financial recovery:
• Bridging - getting through the immediate crisis and creating breathing room to make more sustainable reforms.
• Reform - carrying out the short-term recovery plan and developing and implementing long-term therapies.
• Transform - institutionalization of long-term financial planning and becoming more resistant to financial distress and adaptable to a changing environment.