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Budget Deficits and Budget Institutions

Budget Deficits and Budget Institutions »

Source: Budget Deficits and Budget Institutions

Volume/Issue: 1996/52

Series: IMF Working Papers

Author(s): Alberto Alesina , and Roberto Perotti

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1996

ISBN: 9781451847208

Keywords: budget deficits, budget process, fiscal discipline, budget institutions, budget balance

By discussing the available theoretical and empirical literature, this paper argues that budget procedures and budget institutions do influence budget outcomes. Budget institutions include both procedural rules and...

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...

Fiscal Rules and the Budget Process

Fiscal Rules and the Budget Process »

Source: Fiscal Rules and the Budget Process

Volume/Issue: 1996/60

Series: IMF Working Papers

Author(s): Gian Milesi-Ferretti

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1996

ISBN: 9781451848007

Keywords: budget process, budget deficits, budget law, fiscal rules

This paper examines the rationale for the imposition of fiscal rules as a way to reduce budgetary imbalances. It presents theoretical arguments for the existence of a “fiscal deficit bias” and the emp...

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...

Advanced Public Financial Management Reforms in South East Europe

Advanced Public Financial Management Reforms in South East Europe »

Source: Advanced Public Financial Management Reforms in South East Europe

Volume/Issue: 2009/102

Series: IMF Working Papers

Author(s): Mia Pavesic-Skerlep , and Eivind Tandberg

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2009

ISBN: 9781451872491

Keywords: budget process, budget systems, annual budget, medium-term budget, performance budgeting

This paper aims to clarify possible systemic bottlenecks to the introduction of advanced PFM reforms in the SEE countries. It relates key fiscal developments to PFM reform processes over the last 15 years. PFM refo...

Iraq

Iraq »

Source: Iraq : Considerations on Intergovernmental Fiscal Relations for the Constituent Assembly

Volume/Issue: 2005/69

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2005

ISBN: 9781451860887

Keywords: budget process, financial management, intergovernmental fiscal, fiscal relations, decentralization

In preparing for the discussions of the Iraqi Constituent Assembly, IMF and World Bank staff and consultant experts presented to senior officials from the central and local governments in Iraq, including from Kurdi...

Sovereign Wealth Funds in the Pacific Island Countries

Sovereign Wealth Funds in the Pacific Island Countries »

Source: Sovereign Wealth Funds in the Pacific Island Countries : Macro-Fiscal Linkages

Volume/Issue: 2007/297

Series: IMF Working Papers

Author(s): Paulo Medas , and Eric Le Borgne

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2007

ISBN: 9781451868609

Keywords: Fiscal Sustainability, Stabilization, expenditure, budget process, public debt

This paper looks at the role Sovereign Wealth Funds have played in the Pacific Island Countries in achieving key macro-fiscal policy objectives, namely, protecting the budget from high revenue volatility and streng...

Public Expenditure Management in Francophone Africa

Public Expenditure Management in Francophone Africa »

Source: Public Expenditure Management in Francophone Africa : A Cross-Country Analysis

Volume/Issue: 2004/42

Series: IMF Working Papers

Author(s): Yaya Moussa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2004

ISBN: 9781451846249

Keywords: expenditure, budget law, expenditures, expenditure management, expenditure process, Congo,

There are strong similarities between the French and French-inspired African PEM systems in terms of the legal setting, rules, and procedures. However, there are differences in practice, particularly in accounting...

Budget Institutions and Fiscal Performance in Low-Income Countries1

Budget Institutions and Fiscal Performance in Low-Income Countries1 »

Source: Budget Institutions and Fiscal Performance in Low-Income Countries

Volume/Issue: 2010/80

Series: IMF Working Papers

Author(s): Sophia Gollwitzer , Eteri Kvintradze , Tej Prakash , Luis-Felipe Zanna , Era Dabla-Norris , Richard Allen , Irene Yackovlev , and Victor Lledo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2010

ISBN: 9781451982237

Keywords: Budget Institutions, Budget Systems, Low-Income Countries, Government Deficits, budget process, fiscal discipline, fiscal performance,

This paper presents, for the first time, multi-dimensional indices of the quality of budget institutions in low-income countries. The indices allow for benchmarking against the performance of middle-income countrie...

Breaking the Impediments to Budgetary Reforms

Breaking the Impediments to Budgetary Reforms »

Source: Breaking the Impediments to Budgetary Reforms : Evidence from Europe

Volume/Issue: 2008/82

Series: IMF Working Papers

Author(s): Ashoka Mody , and Stefania Fabrizio

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2008

ISBN: 9781451869439

Keywords: Budget institutions, government fragmentation, government ideology, economic shocks, fiscal institutions, budget process, fiscal performance,

Under what conditions are budget institutions likely to be strengthened? We find that fiscal deficits do not help in focusing policymakers on undertaking reforms. To the contrary, the larger the deficit, the lower...