Budget System Reform in Emerging Economies: The Challenges and the Reform Agenda

April 21, 2006

Preview Citation

Format: Chicago

Jack Diamond. Budget System Reform in Emerging Economies: The Challenges and the Reform Agenda, (USA: International Monetary Fund, 2006) accessed November 24, 2024

Summary

With increasing frequency, the IMF has assisted middle-income countries, especially emerging economies, in adopting the types of budget reforms that have been introduced in many Organization for Economic Cooperation and Development (OECD) countries - reforms that emphasize performance and results achieved from the use of public resources. This paper examines the experience of OECD countries in introducing such reforms and assesses whether the same reform strategy be applied to non-OECD countries. It examines how emerging economies should begin such reforms, and how they should be sequenced thereafter. Based on a thorough review of the technical assistance provided by the IMF's Fiscal Affairs Department (FAD) to middle-income countries, this paper will be useful to policymakers and administrators in emerging economies who are contemplating such reforms.

Subject: Accrual accounting, Budget execution and treasury management, Budget planning and preparation, Fiscal accounting and reporting, Performance-based budgeting, Public financial management (PFM)

Keywords: Accrual accounting, Accrual accounting, Australia and New Zealand, Budget execution and treasury management, Budget planning and preparation, Caribbean, Fiscal accounting and reporting, Global, Government, Government organization, Management, Management model, Management system, Northern Europe, OP, Performance budget management approach, Performance-based budgeting

Publication Details

Pages:

118
Volume:

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DOI:

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Issue:

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Series:

Occasional Paper No. 2006/002
Stock No:

S245EA
ISBN:

9781589064744
ISSN:

0251-6365

Supplemental Resources

Link to Abstract
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