Question

How are government institutions and public finance related?

Answer 1

With governments worldwide facing profound fiscal imbalances and systemic financial failures, public-finance institutions—including finance ministries, government lenders, public pension funds, tax authorities, central banks, and financial regulators – are under intense pressure to increase transparency and improve their performance.
In the past 5 years alone, we have supported more than 300 public-finance projects in 35 countries. Recent examples of our work include:

developing a compliance and collections improvement strategy for a national tax authority

helping a government lender streamline the loan-approval process, yielding a 70 percent decrease in backlogs as well as an increase in employee morale and customer satisfaction

supporting a taxpayer-service organization in efforts to improve its online functionality and call-center operations, yielding a 10 percent boost in productivity and greater taxpayer satisfaction

strengthening the risk-management capabilities of several financial regulators around the world after the financial crisis

working with an emerging-market tax administration to segment taxpayers, train tax inspectors, and implement operational monitoring tools—initiatives that yielded a 60-fold increase in collections and a 10-fold boost in productivity within 6 months

MARK BRAINLIEST...