
In the wake of the deep austerity facing most governments around the world, many government leaders are faced with the challenge to “do more with less.” In the past, typical cost reduction exercises inevitably resulted in a difficult trade-off — between price or performance. Breaking this seemingly unavoidable trade-off will compel leaders to look at the public sector in a whole new way. The road to fiscal balance will not be an easy path to tread – there is no definite solution, quick fix, or step-by-step guide. Public and private sector leaders are rethinking the challenges posed by the current economic landscape and exploring pathways to renewed fiscal sustainability.