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Role of the Legislature in Budget Processes
Author:
Mr. Ian Lienert
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Series:
Technical Notes and Manuals
Volume/Issue:
Volume 2010: Issue 004
Language:
English
Publication Date:
06 Apr 2010
DOI:
https://doi.org/10.5089/9781462398973.005
ISBN:
9781462398973
ISSN:
2075-8669
Pages:
23
Keywords:
TNM; parliament; budget; legislature; Westminster; country; approval; government; executive; accountability; OECD country; government accounting standards Board; OECD government; draft budget proposal; country practice; government social security system; Budget planning and preparation; Fiscal accounting and reporting; External audit; Budget execution and treasury management; Fiscal law; Africa
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 examines the role of the legislature in budget processes. The paper highlights that for promoting good governance and fiscal transparency, the legislature’s active engagement in the budget process is essential. When fiscal policies and medium-term budgetary objectives are debated in parliament, budget strategies and policies are “owned” more widely. However, more active participation by the legislature runs the risk that fiscal discipline deteriorates. In countries where the legislature has unrestrained budget amendment authority, parliament is prone to introduce changes that increase spending or reduce taxes.
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Cover Technical Notes and Manuals
Technical Notes and Manuals
ISSN:
2075-8669
Publisher:
International Monetary Fund