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What is participatory budgeting?
Participatory budgeting is a way of involving residents in the planning and decision-making of common tax resources. There is no one right method to carry out participatory budgeting. It can be implemented in many different ways. In participatory budgeting, the city allocates a certain budget or, for example, a certain percentage of the budget, and the residents can plan and decide the use of the budget.
Participatory budgeting originated in 1989 in Porto Alegre, Brazil, where it was developed to help improve poor neighbourhoods and reduce inequality. Since then, participatory budgeting has spread widely around the world. Participatory budgeting in Finland has gradually become more common for municipalities since the 2010s.
In the participatory budgeting of 2024, the citizens of Oulu will present their ideas and vote on them to determine how the city will spend 240 000 € to improve the well-being of Oulu’s citizens.