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World Economic Outlook, October 2012
			: Coping with High Debt and Sluggish Growth

World Economic Outlook, October 2012 : Coping with High Debt and Sluggish Growth »

Series: World Economic Outlook

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 October 2012

DOI: http://dx.doi.org/10.5089/9781616353896.081

ISBN: 9781616353896

Keywords: Budget estimates, Adjustment process, Commodity prices, Debt reduction, Euro, public debt, fiscal consolidation, current account, inflation

The October 2012 World Economic Outlook (WEO) assesses the prospects for the global recovery in light of such risks as the ongoing euro area crisis and the "fiscal cliff" facing U.S. policymakers. Reducing the risk...

Toward a Framework for a Budget Law for Economies in Transition

Toward a Framework for a Budget Law for Economies in Transition »

Source: Toward a Framework for a Budget Law for Economies in Transition

Volume/Issue: 1994/149

Series: IMF Working Papers

Author(s): Bill Allan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1994

ISBN: 9781451856866

Keywords: budget law, budget management, budget legislation, budget process, financial management

This paper discusses basic principles underlying budget law and reviews key features of budget legislation in several OECD countries as a basis for development of budget legislation in economies in transition to a...

Budget Processes and Commitment to Fiscal Discipline

Budget Processes and Commitment to Fiscal Discipline »

Source: Budget Processes and Commitment to Fiscal Discipline

Volume/Issue: 1996/78

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 1996

ISBN: 9781451850079

Keywords: budget process, fiscal discipline, fiscal performance, budget law, budget act

This paper develops a political-economy model of the budget process focusing on the common pool problem of the public budget. We show that the externality arising from the fact that public spending tends to be targ...

Extrabudgetary Funds

Extrabudgetary Funds »

Source: Extrabudgetary Funds

Volume: 2010

Series: Technical Notes and Manuals

Author(s): Dimitar Radev , and Richard Allen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 June 2010

ISBN: 9781455279470

Keywords: extrabudgetary fund, fiscal earmarking, agency model, budget, financial management, revenues, budget process, ebf

This technical note1 addresses the following main questions: 1. What are the definition, classification, and typology of extrabudgetary funds (EBFs)? 2. Why do EBFs exist? 3. What are the problems created by EBFs?...

The Challenge of Reforming Budgetary Institutions in Developing Countries

The Challenge of Reforming Budgetary Institutions in Developing Countries »

Source: The Challenge of Reforming Budgetary Institutions in Developing Countries

Volume/Issue: 2009/96

Series: IMF Working Papers

Author(s): Richard Allen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2009

ISBN: 9781451872439

Keywords: PEFA, budget, institutions, platform approach, reform, donors, Paris Declaration, Accra Agenda for Action, budgetary institutions, financial management

The paper notes that the development of sound budgetary institutions in countries such as France, the U.K. and the U.S. has taken a very long time?200 years or more?and is still evolving. It discusses Douglass Nort...

Reforming the Russian Budget System

Reforming the Russian Budget System »

Source: Reforming the Russian Budget System : A Move to More Devolved Budget Management?

Volume/Issue: 2005/104

Series: IMF Working Papers

Author(s): Jack Diamond

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2005

ISBN: 9781451861235

Keywords: Budget Reform, Russia, budget management, budget institutions, budget process, budget system, Macroeconomic - Aspects of Public Finance, Macroeconomic Policy, and General Outlook, Analysis of Collective Decision-Making

The Russian federal government has recently initiated a fundamental reform of its budget system, encompassing important policy, procedural, and institutional changes. This paper reviews this reform agenda with refe...

Managing and Controlling Extrabudgetary Funds

Managing and Controlling Extrabudgetary Funds »

Source: Managing and Controlling Extrabudgetary Funds

Volume/Issue: 2006/286

Series: IMF Working Papers

Author(s): Dimitar Radev , and Richard Allen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2006

ISBN: 9781451865462

Keywords: extrabudgetary fund, fiscal earmarking, agency model, financial management, budget process, public financial management, budget system, taxation, Taxation and Subsidies: Other, National Government Expenditures and Related Policies: Other,

This paper addresses issues relating to the establishment and financial management of extrabudgetary funds (EBFs), a large group of government entities that on average accounts for 40 to 45 percent of central gover...

Establishing a Performance Management Framework for Government1

Establishing a Performance Management Framework for Government1 »

Source: Establishing a Performance Management Framework for Government

Volume/Issue: 2005/50

Series: IMF Working Papers

Author(s): Jack Diamond

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2005

ISBN: 9781451860696

Keywords: Performance Measurement, budget management, budget process, resource allocation, budget systems, Macroeconomic - Aspects of Public Finance, Macroeconomic Policy, and General Outlook, Analysis of Collective Decision-Making, Socialist Systems and Transitional Economies,

Based on the experience of budget management reforms that have been introduced over the last two decades in a large number of member countries of the Organization for Economic Cooperation and Development (OECD) it...

Chapter 2 Country and Regional Perspectives

Chapter 2 Country and Regional Perspectives »

Source: World Economic Outlook, October 2012 : Coping with High Debt and Sluggish Growth

Series: World Economic Outlook

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 October 2012

ISBN: 9781616353896

Keywords: Budget estimates, Adjustment process, Commodity prices, Debt reduction, Euro, public debt, fiscal consolidation, current account, inflation

Global growth slowed again during the second quarter of 2012 after rebounding during the first. The slowing has been observed in all regions. This synchronicity suggests an importan...

Chapter 3 The Good, the Bad, and the Ugly: 100 Years of Dealing with Public Debt Overhangs

Chapter 3 The Good, the Bad, and the Ugly: 100 Years of Dealing with Public Debt Overhangs »

Source: World Economic Outlook, October 2012 : Coping with High Debt and Sluggish Growth

Series: World Economic Outlook

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 October 2012

ISBN: 9781616353896

Keywords: Budget estimates, Adjustment process, Commodity prices, Debt reduction, Euro, public debt, fiscal consolidation, current account, inflation

Throughout the past century, numerous advanced economies have faced public debt burdens as high, or higher, than those prevailing today. They responded with a wide v...