IMF Technical Notes and Manuals (TNMs) are produced by IMF departments to expand the dissemination of their technical assistance advice and provide guidance for the collection of consistent and compliant statistics. TNMs present general advice and guidance, drawn in part from unpublished technical assistance reports, to a broader audience.
Dominique Bouley, Davina Jacobs, and Jean-Luc Hélis
INTERNATIONAL MONETARY FUND
This technical note analyzes the importance of a budget classification system. It highlights that budget classification is one of the fundamental building blocks of a sound budget management system, as it determines the manner in which the budget is recorded, presented and reported, and as such has a direct impact on the transparency and coherence of the budget. The note describes the main features of a sound budget classification system, structuring of a budget classification system, and the relationship between budget classification and the chart of accounts.