Budget Institutions in G-20 Countries

Budget Institutions in G-20 Countries - An Update

April 7, 2014

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Format: Chicago

Budget Institutions in G-20 Countries - An Update, (USA: International Monetary Fund, 0) accessed November 23, 2024

Summary

The recent crisis left many G-20 countries with significant fiscal consolidation needs. There is evidence that well-designed budget institutions can help countries to plan and deliver successful fiscal adjustments. A 2010 internal IMF study identified ten budget institutions which can support the consolidation process, assessed their strength in each G-20 country, and identified priorities for institutional reform. Following consultations with all G-20 countries and using a revised evaluation framework, this paper: (i) reports on progress in strengthening their budget institutions; (ii) analyzes their impact on post-crisis fiscal performance; and (iii) makes recommendations for further institutional reform.

Subject: Budgeting, Budgets, Cross country analysis, Fiscal consolidation, Fiscal policy, Fiscal risk, Group of Twenty, Risk management

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