Budget System Reform In Transitional Economies

Author : Mr.Jack Diamond,Mr.Duncan Last
Publisher : International Monetary Fund
Page : 40 pages
File Size : 54,7 Mb
Release : 2003-12-01
Category : Business & Economics
ISBN : 9781451875881

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Budget System Reform in Transitional Economies by Mr.Jack Diamond,Mr.Duncan Last Pdf

For the republics of the former Socialist Federal Republic of Yugoslavia (SFRY) as for many other transition economies, an important step in introducing a more market-oriented system was the restructuring of their budget systems. This paper reviews and evaluates the process of budget system reform during the transition period extending from the time they emerged from the collapse of the SFRY in 1989 until the end of 2002. For at least a decade of this period, the Fiscal Affairs Department of the IMF has been providing technical assistance (TA) to these countries to facilitate such reforms. Based on the material generated by this effort, the authors offer a review of the progress made and an assessment of the reform elements still to be completed. Given that the former Yugoslav republics all commenced the reform process with the same institutions, this paper offers a unique opportunity to analyze the critical elements in successful budget system reform. An attempt is made to explain the varying degrees of success experienced by different countries, and a reform agenda is suggested to guide future TA.

Author : Jack Diamond
Publisher : International Monetary Fund
Page : 32 pages
File Size : 42,6 Mb
Release : 2002-02
Category : Business & Economics
ISBN : UCSD:31822031184070

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Budget System Reform in Transitional Economies by Jack Diamond Pdf

This paper stresses the role of budget system reform in economies in transition as an essential basis for the implementation of effective fiscal policies. However, introducing such structural reforms in often unstable economic environments has not proved easy. Using Russia as a case study, the magnitude of the problems faced is documented, and the strategy of reform eventually adopted is critically reviewed. In conclusion, some lessons are drawn for other transitional countries undertaking similar reforms, and the future agenda for completing these reforms in Russia is indicated.

Author : Jack Diamond
Publisher : International Monetary Fund
Page : 38 pages
File Size : 51,6 Mb
Release : 2002-06
Category : Business & Economics
ISBN : UCSD:31822031522428

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The Micro Basis of Budget System Reform by Jack Diamond Pdf

In reviewing the means to strengthen public expenditure management (PEM) systems, there has been increased emphasis on the micro basis of broader budget system reforms, especially reforms of the internal financial management systems in government agencies. Specifically in transition economies, there has been increasing recognition that OECD-type budget systems need to be broadly based on a firm platform of financial management in government institutions. At the same time, many transitional countries have generally acknowledged that this aspect of their PEM systems is problematic and needs to be rectified; hence, international agencies have been actively promoting reforms in these areas. In particular, three areas have been emphasized: human resource management, procurement, and internal audit. This paper explores the problems faced by transitional economies in each of these areas and reviews the generally recommended solutions to these problems.

Author : Mr.Jack Diamond
Publisher : International Monetary Fund
Page : 30 pages
File Size : 55,7 Mb
Release : 2003-02-01
Category : Business & Economics
ISBN : 9781451845204

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Performance Budgeting by Mr.Jack Diamond Pdf

This paper reviews the role of accounting in budget system reform from the perspective of emerging economies who wish to adopt the OECD's performance budgeting reforms. While many OECD countries, pursuing the reforms associated with the New Public Management, have moved their accounting systems from a cash to an accrual basis, this paper argues that given the costs involved, such a move is perhaps only worthwhile in the context of adopting much wider public sector management reforms. Moreover, while recognizing that accrual accounting does support public expenditure management best practices, it is also argued that many of the objectives of performance-oriented budgeting can be attained by less than full accrual accounting, and that unless certain preconditions are met it is safer for countries to remain with, and improve, their cash-based accounting systems. For those countries with sound enough cash-based systems the paper describes a possible phased approach to the introduction of accruals, as well as the parallel stages of adopting the new international GFSM 2001 reporting requirements.

Author : Jack Diamond,International Monetary Fund Staff,International Monetary Fund
Publisher : Inter-Amer Development Bank
Page : 111 pages
File Size : 42,7 Mb
Release : 2006
Category : Business & Economics
ISBN : 1589064747

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Budget System Reform in Emerging Economies by Jack Diamond,International Monetary Fund Staff,International Monetary Fund Pdf

References p. 104-109.

Author : Mr.Vito Tanzi
Publisher : International Monetary Fund
Page : 404 pages
File Size : 43,7 Mb
Release : 1993-06-15
Category : Business & Economics
ISBN : 1557752753

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Transition to Market by Mr.Vito Tanzi Pdf

The IMF has been a major participant in the challenge of transforming many African, Asian, and European countries from centrally planned to market economies. The authors of this book, mainly staff members of the IMF, have distilled their firsthand experience with fiscal reform in transition economies into 15 case studies of these countries. In doing so they analyze issues of privatization, fiscal federalism, social safety nets, and the net worth of the Soviet Union. The editor of the volume is Vito Tanzi, Director of the IMF's Fiscal Affairs Department.

Author : Alfred Tat-Kei Ho,Maarten de Jong,Zaozao Zhao
Publisher : Routledge
Page : 318 pages
File Size : 49,8 Mb
Release : 2019-06-04
Category : Political Science
ISBN : 9781351055284

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Performance Budgeting Reform by Alfred Tat-Kei Ho,Maarten de Jong,Zaozao Zhao Pdf

Using theoretical frameworks to explore the political, organizational, and cultural dynamics of performance budgeting, this book examines the adoption of performance budgeting in a variety of countries, how it has been implemented, and why it succeeded or failed. Chapters include case studies from a wide range of continents and regions including the U.S., Africa, Asia, Australia, Europe, Latin America, and the Middle East. Each case study pays careful attention to the unique historical, political, and cultural contexts of reform and closely examines how performance informed the budgetary process. Chapters investigate theory-driven analysis, focusing on common themes related to international policy diffusion, organizational change, stakeholder politics and gaming, communication and information management, principal–agent dynamics, and institutional constraints. Contributors include both scholars and seasoned practitioners with extensive experience in implementing or advising performance budgeting reforms. With emphases on both theories and practices, this book is written for graduate courses in public budgeting and comparative public administration, providing theoretical insights into budgeting reforms in developing countries, as well as practice-relevant and actionable recommendations for current and future policymakers and budget reformers.

Author : Ernesto Crivelli
Publisher : International Monetary Fund
Page : 27 pages
File Size : 51,9 Mb
Release : 2012-06-01
Category : Business & Economics
ISBN : 9781475504118

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Local Governments’ Fiscal Balance, Privatization, and Banking Sector Reform in Transition Countries by Ernesto Crivelli Pdf

Several transition economies have undertaken fiscal decentralization reforms over the past two decades along with liberalization, privatization, and stabilization reforms. Theory predicts that decentralization may aggravate fiscal imbalances, unless the right incentives are in place to promote fiscal discipline. This paper uses a panel of 20 transition countries over 19 years to address a central question of fact: Did privatization help to promote local governments’ fiscal discipline? The answer is clearly ‘no’ for privatization considered in isolation. However, privatization and subnational fiscal autonomy along with reforms to the banking system - restraining access to soft financing - may prove effective at improving fiscal balances among local governments.

Author : John F. Jones,Asfaw Kumssa
Publisher : Nova Science Publishers
Page : 346 pages
File Size : 41,6 Mb
Release : 2000
Category : Business & Economics
ISBN : STANFORD:36105028514862

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The Cost of Reform by John F. Jones,Asfaw Kumssa Pdf

This book is about the social impact of reform in the transitional economies of Europe, Asia, and Africa. Whatever the advantages of adopting a market orientation, and there are many, the countries which have taken this road have had a high price to pay. If one were to ask a Siberian miner or a Ukranian woman selling vegetables in a village market whether the switch from socialism to capitalism was worth the rewards, the question would likely evoke complaints about months of unpaid wages or persistent poverty. The disappearance of the iron rice bowl in China draws praise from the neoclassic economist, looking on from the outside, but for the displaced worker going from city to city in search of employment, the reaction will not be so enthusiastic. In the move from central planning to a market economy, there have been winners and losers. The winners are those in a position to use the changing economic circumstances to their advantage, and those having access to the goods and services of the market. But there are also, among the poor and vulnerable groups, consistent losers in the shuffling of opportunities, rewards, and costs. The problems of people caught in economic reform are acute, whether the emerging economies are shaped by sudden revolution from within as in Eastern Europe and Mongolia, or by international pressure from outside -- frequently at the urging of the World Bank and the International Monetary Fund (IMF) -- as in some African countries, or by the gradualism of socialist market systems like China, Vietnam or Laos. The social consequences of transition are significant, and they form the principal concern and focus of this volume. Its contributors, both authors andeditors, recognize globalization and the technological revolution already in place, and acknowledge the necessity for national economies to take advantage of the new freedoms and opportunities which the twenty first century heralds. But, while endorsing the efforts of countries to liberalize, to build their markets, and share the benefits of a world economy, the book's various authors are primarily concerned with the socioeconomic consequences of transition on the lives of people. The country case studies they present examine that impact.

Author : Organisation for Economic Co-operation and Development
Publisher : OECD Publishing
Page : 520 pages
File Size : 43,6 Mb
Release : 2001
Category : Business & Economics
ISBN : STANFORD:36105110485682

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Managing Public Expenditure by Organisation for Economic Co-operation and Development Pdf

Managing Public Expenditure presents a comprehensive and in-depth analysis of all aspects of public expenditure management from the preparation of the budget to the execution, control and audit stages.

Author : Mr. M. Cangiano,Ms. Teresa R Curristine,Mr. Michel Lazare
Publisher : International Monetary Fund
Page : 468 pages
File Size : 42,6 Mb
Release : 2013-04-05
Category : Business & Economics
ISBN : 9781475512199

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Public Financial Management and Its Emerging Architecture by Mr. M. Cangiano,Ms. Teresa R Curristine,Mr. Michel Lazare Pdf

The first two decades of the twenty-first century have witnessed an influx of innovations and reforms in public financial management. The current wave of reforms is markedly different from those in the past, owing to the sheer number of innovations, their widespread adoption, and the sense that they add up to a fundamental change in the way governments manage public money. This book takes stock of the most important innovations that have emerged over the past two decades, including fiscal responsibility legislation, fiscal rules, medium-term budget frameworks, fiscal councils, fiscal risk management techniques, performance budgeting, and accrual reporting and accounting. Not merely a handbook or manual describing practices in the field, the volume instead poses critical questions about innovations; the issues and challenges that have appeared along the way, including those associated with the global economic crisis; and how the ground can be prepared for the next generation of public financial management reforms. Watch Video of Book Launch

Author : Mr.Jack Diamond,Mr.Barry H. Potter
Publisher : International Monetary Fund
Page : 84 pages
File Size : 54,8 Mb
Release : 1999-07-01
Category : Business & Economics
ISBN : 1557757879

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Guidelines for Public Expenditure Management by Mr.Jack Diamond,Mr.Barry H. Potter Pdf

Traditionally, economics training in public finances has focused more on tax than public expenditure issues, and within expenditure, more on policy considerations than the more mundane matters of public expenditure management. For many years, the IMF's Public Expenditure Management Division has answered specific questions raised by fiscal economists on such missions. Based on this experience, these guidelines arose from the need to provide a general overview of the principles and practices observed in three key aspects of public expenditure management: budget preparation, budget execution, and cash planning. For each aspect of public expenditure management, the guidelines identify separately the differing practices in four groups of countries - the francophone systems, the Commonwealth systems, Latin America, and those in the transition economies. Edited by Barry H. Potter and Jack Diamond, this publication is intended for a general fiscal, or a general budget, advisor interested in the macroeconomic dimension of public expenditure management.

Author : Jack Diamond,Duncan Last
Publisher : Unknown
Page : 44 pages
File Size : 47,7 Mb
Release : 2003
Category : Budget
ISBN : UCSD:31822033606435

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Budget System Reform in Transitional Economies by Jack Diamond,Duncan Last Pdf

Author : Joseph Kutzin,Cheryl Cashin,Melitta Jakab
Publisher : Observatory Studies
Page : 438 pages
File Size : 54,5 Mb
Release : 2010
Category : Medical
ISBN : UCBK:C105403247

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Implementing Health Financing Reform by Joseph Kutzin,Cheryl Cashin,Melitta Jakab Pdf

Analyses the experience with the financing reforms implemented by the countries of Central Europe, Eastern Europe, the Cauxasus and Central Asia.

Author : Anwar Shah
Publisher : World Bank Publications
Page : 588 pages
File Size : 50,7 Mb
Release : 2007
Category : Business & Economics
ISBN : 9780821369401

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Budgeting and Budgetary Institutions by Anwar Shah Pdf

Budgeting and budgetary institutions play a critical role in resource allocation, government accountability, and improved fiscal and social outcomes. This volume distills lessons from practices in designing better fiscal institutions, citizen friendly budgets, and open and transparent processes of budget preparation and execution. It also highlights newer concepts of performance budgeting, accrual accounting, activity based costing, and the use of information and communication technology in budgeting. These tools of analysis are supplemented by a review of budgeting in post-conflict countries and two country case studies on the reform of budgeting systems.