Spending well and ensuring that citizens get value for money from public expenditures is more important than ever. Multiple crises have led to high public debt; financing costs, both domestic and external, are increasing; and subdued growth constrains the room for accelerated revenue mobilization. In an environment of constrained resources, the quality of spending is critical to ensure that budgets deliver on policy priorities, including the need to protect the vulnerable and to invest for growth. Addressing the challenge of spending well involves improving processes, transparency, and the enforcement of accountability to support strong public financial management, deliver better public services, and contribute to better fiscal outcomes.