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Decoding public finance for disaster risk reduction and climate investments Format The need to increase investments in disaster risk reduction (DRR) and climate change adaptation (CCA) is a well-accepted priority to minimize losses from disaster and climate change. However, there are challenges in articulating how much countries ought to spend, what areas they should prioritize, and which type of measure are more effective in achieving risk and losses reduction. The absence of baseline information on expenditure trends hampers the analysis of most cost-efficient ways to reduce risk. One way to gain insights into the current levels of investments is by conducting a review of public expenditure. The goal of such a review and budget tracking is to advise decision-makers on where gaps exist to realign budgets with priorities. ....