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Reforming Budget System Laws
Author:
Israel Fainboim Yaker
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Mr. Ian Lienert
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Series:
Technical Notes and Manuals
Volume/Issue:
Volume 2010: Issue 001
Language:
English
Publication Date:
03 Feb 2010
DOI:
https://doi.org/10.5089/9781462394937.005
ISBN:
9781462394937
ISSN:
2075-8669
Pages:
20
Keywords:
TNM; draft budget law; budget law discussion; government regulation; budget authority; budget principle; budget system law reform executive legislature; budget system; budget responsibility; year-end budget report; multiyear budget agreement; minister of finance; draft BSL; government decree; system law; annual budget law; budget manager; Budget planning and preparation; Fiscal law; Budget execution and treasury management; Fiscal accounting and reporting
Legal-disclaimer:
This Technical Guidance Note should not be reported as representing the views of the IMF. The views expressed in this paper are those of the authors and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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This paper discusses the need for reforming budget system laws (BSLs). The outcomes of the budget process depend heavily on whether there are clear rules for formulating, executing, and reporting on the annual budget, as well as a clear statement of medium-term fiscal policy objectives. These rules are usually specified in a BSL. This paper analyzes the relationship between the BSL, the constitution, and the wider legal framework. It also discusses how a BSL should be adapted to a country’s political arrangements.
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Cover Technical Notes and Manuals
Technical Notes and Manuals
ISSN:
2075-8669
Publisher:
International Monetary Fund