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Performance Budgeting: Managing the Reform Process
Author:
Mr. Jack Diamond
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Series:
IMF Working Papers
Volume/Issue:
Volume 2003: Issue 033
Language:
English
Publication Date:
01 Feb 2003
DOI:
https://doi.org/10.5089/9781451845204.001
ISBN:
9781451845204
ISSN:
1018-5941
Pages:
29
Keywords:
WP; budget office; management model; budget system; agency management; management system; management tool; budget reform; performance budgeting; fiscal transparency; emerging economies; Medium-term budget planning; Budget planning and preparation; Budget execution and treasury management; Performance-based budgeting; Central government spending; Fiscal accounting and reporting; Australia and New Zealand; Caribbean; Global
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IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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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.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund