Chapter 3 | Page 100 policy horizons of resource mobilisation and allocation to include fiscal and monetary policy dimensions. One of the best models of public sector financial resources in the context of ESC rights is the ‘Maximum Available Resources Star’ (‘MAR Star’) approach proposed by Balakrishnan et al, which provides a broader conceptual framework for the financial resources dimension.10 The ‘MAR Star’ approach includes government expenditure, government revenue, development assistance, debt and deficit financing, and monetary policy and financial regulation as core constituents of the maximum available resources for the realisation of ESC rights (see Figure 1 below). Government Expenditure Monetary Policy & Financial Debt and Deficit Financing Government Revenue Development Assistance Figure 1: ‘Maximum Available Resources Star’ (‘MAR Star’) Source: Balakrishnan et al (2011, p 5). The ‘MAR Star’ approach is robust in that it covers many key aspects of the public finance management process within a State, such as taxation, monetary policy, fiscal policy and planning and budgetary policies, and has the potential to provide a clearer picture of what resources are actually and potentially available for the State. Despite this, the model does not adequately capture 10 Radhika Balakrishnan et al, Maximum Available Resources & Human Rights: Analytical Report (Center for Women’s Global Leadership, New Jersey, 2011).

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