![A professional woman smiles in a circular photo. Text reads: "Social Finance in TIME: Cutting Costs Alone Won’t Make Government More Efficient. Tracy Palandjian.](https://socialfinance.org/wp-content/uploads/2025/02/Leah-4-e1738858546881-1000x588.png")
Public Sector Solutions, Pay It Forward Funds, Results-Based Funding
Key Takeaway
In this TIME op-ed, Tracy Palandjian argues that Pay for Success models are key to achieving efficient government spending.
In a new TIME opinion piece, Social Finance CEO and Co-Founder Tracy Palandjian outlines three key principles for achieving true government efficiency beyond cutting costs: evaluating programs for effectiveness, funding those that deliver results, and using financial mechanisms to maximize the impact of taxpayer dollars.
The article suggests that adopting the Pay for Success model should be central to the administration’s approach to efficient spending and provides specific examples that Social Finance has been testing and deploying in partnership with government for the past 15 years.
Read the op-ed on TIME‘s website →