Who is responsible for prioritizing bug fixes?

It's so common for a project's testing and bug fix window to be cut short that everyone jokes about it. We laugh because the jokes are true. Good project discipline ensures that there's sufficient time and resources to accommodate thorough, appropriate testing and correction of identified issues. But then along comes a business stakeholder who wants to rush the solution into implementation and doesn't understand the value of testing and issue resolution until it's made clear to them the hard way, and too late. So who is the right team member to prioritize what must be done before we go into implementation?

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