participatory budgeting

money money moneyAn increasing amount of municipalities, public/non-profit institutions and communities around the world seem to be discovering and adopting ‘participatory budgeting‘, ‘a process of democratic deliberation and decision-making, in which ordinary city residents decide how to allocate part of a municipal or public budget.’ (Wikipedia) In terms of its underlying philosophy, the idea lines up with other initiatives in new open society models, participatory, peer to peer democracy, citizen participation, direct stakeholder democracy etc.

The participatory approach to budgeting originated in South America, in cities such as Porto Alegre and Sao Paolo (more examples here). More than 200 cities in Brazil alone now seem to have adopted the process and the idea is spreading to other parts of the world as well as different contexts.

Via Parking Lot

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