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Business and Economics > Budgeting

You are looking at 1 - 10 of 45 items for :

  • Type: Journal Issue x
  • Poland, Republic of x
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Cover IMF Staff Country Reports
Republic of Poland: Technical Assistance Report-Public Investment Management Assessment
International Monetary Fund. Fiscal Affairs Dept.
Public investment is expected to play a significant role in the post-pandemic economic recovery in Poland. Like other countries in the region, Poland lags more advanced European economies in the quantity and quality of its infrastructure despite significant progress in the last decade. The Government’s recent economic plan—the New Polish Deal—foresee an extensive economic and investment plan of which many investments will benefit from the large support from the European Union funds to scale up green, digital, and resilient investments. In this context, the public investment management assessment (PIMA) was conducted to assess strengths and weaknesses of infrastructure governance in Poland and identify potential bottlenecks for making the most of these investments in terms of quality of infrastructure.
Keywords:
IMF's Fiscal Affairs Department; management institution; authorities of a Poland; D. investment allocation; public finance; Public investment spending; Infrastructure; Budget planning and preparation; Eastern Europe; Europe; Global
Cover IMF Staff Country Reports
Republic of Poland: Technical Assistance Report-Progress Report on Budget System Reform–Developing a Standard Chart of Accounts and a Medium-term Budget Framework
International Monetary Fund. Fiscal Affairs Dept.
The Polish government is making good progress with implementing the ambitious Budget System Reforms (BSR) program, first approved by the Council of Ministers (CoM) in 2016. The government demonstrates a high level of commitment to these reforms and is making significant progress in implementing the recommendations of earlier FAD missions with the support of the resident advisor.
Keywords:
ISCR; CR; public finance; government policy; State budget administrator; government administration authority; local government; financial asset; State administration; budget holder; Budget planning and preparation; Fiscal accounting and reporting; Medium-term budget frameworks; Financial statements; Public sector
Cover IMF Staff Country Reports
Republic of Poland: Technical Assistance Report-Next Steps in Developing a Standard Chart of Accounts and Multi-year Budget
International Monetary Fund. Fiscal Affairs Dept.
This Technical Assistance report on the Republic of Poland provide details of an IMF mission to analyse next steps in developing a standard chart of accounts (SCoA) and multi-year budget. The Ministry of Finance (MoF) has started many preparatory activities for developing the SCoA. Extensive discussions and presentations during this mission afforded the mission the opportunity to convey information on the conceptual framework for the SCoA in more detail. Counterparts raised issues for clarification during initial meetings with the mission. Through a mini workshop, the mission tried to ensure that all counterparts fully understand the parameters of a multi-dimensional SCoA and the implication of decisions related to it. The main recommendations of this mission on the SCoA present various options available to address issues discussed. The mission recommended increasing the effectiveness of the accounting users’ survey by ensuring that the SCoA survey respondents are made fully aware of the purpose of the survey and the implications of their responses.
Keywords:
ISCR; CR; PFM reform; government transaction; administration responsibility; expenditure ceiling; local government; government objective; government's CoA; budgetary entity; government entity; government's PFM reform; Budget planning and preparation; Medium-term budget frameworks; Fiscal accounting and reporting; Budget classification
Cover IMF Staff Country Reports
Republic of Poland: Technical Assistance Report - Building Forward Estimates and Standardizing the Chart of Accounts
International Monetary Fund. Fiscal Affairs Dept.
This Technical Assistance Report discusses the findings and recommendations made by the IMF mission about building forward estimates and standardizing the chart of accounts in Poland. The workshops identified a range of cross-cutting issues, with recommendations provided for how to apply them more broadly over the next two years, with ongoing short-term expert support. It is recommended to apply a consistent approach to treating demand driven entitlement programs, by using the existing detailed projection models and methodologies that lie within agencies and funds, but ensuring that all indices and volume parameters are in line with central macroeconomic assumptions to ensure consistency.
Keywords:
ISCR; CR; State budget; forward estimate; price index; government assurance; budget department; capital investment; labor market; government task; public finance; government unit; State budget transfer; State budget unit; state body; Budget planning and preparation; Budget classification; Chart of accounts; Fiscal accounting and reporting; Africa
Cover IMF Staff Country Reports
Republic of Poland: Technical Assistance Report-Developing a Medium-Term Budget Framework
International Monetary Fund. Fiscal Affairs Dept.
This Technical Assistance Report discusses the progress made toward developing a medium-term budget framework (MTBF) in Poland. Many of the prerequisites for establishing an MTBF have already been satisfied in Poland. The annual budget has a high degree of credibility; macroeconomic projections are generally accurate; and fiscal rules on debt, expenditure, and the deficit provide sufficient guidance to fiscal policy in the medium term. However, some weaknesses remain that should be addressed either in parallel or as part of the MTBF reform. The design of the MTBF should be carefully considered to meet the government’s fiscal objectives while operating within current capabilities.
Keywords:
ISCR; CR; State budget expenditure forecast; budget process; expenditure projection; Medium-term expenditure commitment mechanism; policy priority; commitment mechanism; forecasting round; expenditure pressure; major general government unit; budget target; expenditure ceiling; expenditure growth; Policy proposal; Budget planning and preparation; Medium-term budget frameworks; Public expenditure review; Macroeconomic and fiscal forecasts
Cover IMF Staff Country Reports
Republic of Latvia: Fourth Review Under the Stand-By Arrangement and Financing Assurances Review, Request for Rephasing of Purchases Under the Arrangement and Request for Waiver of Nonobservance of a Performance Criterion
International Monetary Fund
Strong policy implementation under the Stand By-Arrangement (SBA) has contributed to Latvia’s economic recovery and put attainment of Maastricht criteria for euro adoption within reach. The government has continued to achieve substantial fiscal savings and strengthened its active labor market policy. Executive Directors stressed the need to implement plans for reforming state-owned banks and to promote market-based debt restructuring. Directors advised to maintain strong budget implementation in 2011 and focus on reducing taxes in the 2012 budget. They encouraged to enhance efficiency of state-owned enterprises to keep inflation under control.
Keywords:
ISCR; CR; request for waiver of nonobservance; request; request for Rephasing; waiver; state; IMF's support; request for Rephasing of purchase; authorities' strategy; Inflation; PFM legal and regulatory frameworks; Budget planning and preparation; Global; Baltics; Europe
Cover Staff Discussion Notes
A Fiscal Indicator for Assessing First and Second Pillar Pension Reforms
Mauricio Soto
,
Frank Eich
, and
Mr. Benedict J. Clements
Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience interested in economic policy issues. This Web-only series replaced Staff Position Notes in January 2011.
Keywords:
SDN; budget balance; Fiscal policy; explicit and implicit government debt; pension obligations and reforms; population aging; pension balance; group liability; pension-adjusted balance; current-period balance; Pension spending; Budget planning and preparation; Pension reform; Fiscal stance; Fiscal sustainability; Central and Eastern Europe; Eastern Europe
Cover International Monetary Fund Annual Report 2010
International Monetary Fund Annual Report 2010
Supporting a Balanced Global Recovery
International Monetary Fund

Abstract

The IMF's 2010 Annual Report chronicles the response of the Fund's Executive Board and staff to the global financial crisis and other events during financial year 2010, which covers the period from May 1, 2009, through April 30, 2010. The print version of the Report is available in eight languages (Arabic, Chinese, English, French, German, Japanese, Russian, and Spanish), along with a CD-ROM (available in English only) that includes the Report text and ancillary materials, including the Fund's Financial Statements for FY2010.

Keywords:
AR; AREA; economy; financing; Commonwealth of Independent States economy; country; IMF surveillance; market; IMF-FSB study; IMF headquarters; lending resource; inflation expectation; Income; Budget planning and preparation; Financial sector; Emerging and frontier financial markets; Global; Africa; Asia and Pacific
Cover IMF Staff Country Reports
Republic of Poland: Review Under the Flexible Credit Line Arrangement-Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Republic of Poland
International Monetary Fund
This paper discusses key findings of the Review Under the Flexible Credit Line (FCL) Arrangement for Poland. The authorities have taken measures to mitigate the economic slowdown and maintain macroeconomic stability. With subdued inflation, monetary policy has been accommodative during the first half of 2009. Measures have also been taken to safeguard financial stability. The IMF staff’s assessment is that Poland continues to meet the qualification criteria for access to FCL resources and remains committed to responding appropriately to actual or potential balance of payments pressures.
Keywords:
ISCR; CR; FCL resource; executive board discussion; capital adequacy regulation; FCL arrangement; GDP; regulation; headline inflation; Fiscal stance; Budget planning and preparation; Inflation; Global; Western Europe
Cover Internationaler Währungsfonds Jahresbericht 2009
Internationaler Währungsfonds Jahresbericht 2009
Fighting the Global Crisis
International Monetary Fund

Abstract

The IMF's 2009 Annual Report chronicles the response of the Fund's Executive Board and staff to the global financial crisis and other events during financial year 2009, which covers the period from May 1, 2008, through April 30, 2009. The print version of the Report is available in eight languages (Arabic, Chinese, English, French, German, Japanese, Russian, and Spanish), along with a CD-ROM (available in English only) that includes the Report text and ancillary materials, including the Fund's Financial Statements for FY2009.

Keywords:
AR; AREA; Fund; country; The Fund; lending; financial crisis