Budget System Reform in Transitional Economies: The Case of the Former Yugoslav Republics
IMF Working Papers, December 1, 2003
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- Budget System Reform in Transitional Economies: The Case of the Former Yugoslav Republics
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Bibliographic details
- Authors: Jack Diamond, Duncan P Last
- Published: December 1, 2003
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451875881.001
Summary and scope
- Reviews and evaluates the process of budget system reform in the republics of the former Socialist Federal Republic of Yugoslavia (SFRY) from 1989 until the end of 2002.
- Focuses on restructuring budget systems as part of introducing a more market-oriented system in transition economies.
- Draws on material generated by at least a decade of technical assistance (TA) from the Fiscal Affairs Department of the IMF to these countries.
- Exploits the common institutional starting point across the former Yugoslav republics to analyze critical elements in successful budget system reform.
- Attempts to explain varying degrees of reform success across countries and suggests a reform agenda to guide future TA.
Key findings and assessment
- The paper provides a review of progress made in budget system reform during the period 1989–end-2002.
- The authors assess reform elements that remain to be completed in the budget systems of the former Yugoslav republics.
- Because the republics commenced reform from the same institutional base, comparisons across countries are used to identify critical success factors and to explain differences in outcomes.
Policy recommendations and reform agenda
- A reform agenda is suggested to guide future technical assistance (TA) from the IMF’s Fiscal Affairs Department.
- Recommendations are oriented toward completing outstanding reform elements in budget systems to consolidate market-oriented fiscal management (specific reform items are described in the paper itself).
Role of technical assistance
- The Fiscal Affairs Department of the IMF provided technical assistance (TA) for at least a decade during the transition period covered by the paper.
- The paper bases its review and assessment largely on material generated by that TA effort.
Subject areas and keywords
- Subject areas: Budget execution and treasury management, Budget planning and preparation, Central government spending, Expenditure, Fiscal accounting and reporting, Public financial management (PFM)
- Keywords include: banking arrangement, budget execution, Budget execution and treasury management, Budget planning and preparation, Budget Reform, cash management, Central government spending, Fiscal accounting and reporting, Global, government institution, government operation, government payment, MFERAC information system, payment order, submission system, WP, Yugoslavia