Public consultations are significant in policy formulation as they encourage inclusivity and democratize decision-making processes. By engaging citizens, policymakers can gather diverse perspectives, ensuring that policies reflect the needs and priorities of the community. This participatory approach enhances the legitimacy of outcomes and fosters public trust in government actions. Furthermore, consultations can uncover potential issues early, leading to more effective and accepted policies. Ultimately, involving the public in these discussions strengthens democratic governance and accountability.