IMF Working Papers

Budget System Reform in Transitional Economies: The Experience of Russia

By Jack Diamond

February 1, 2002

Download PDF

Preview Citation

Format: Chicago

Jack Diamond. Budget System Reform in Transitional Economies: The Experience of Russia, (USA: International Monetary Fund, 2002) accessed November 24, 2024
Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper stresses the role of budget system reform in economies in transition as an essential basis for the implementation of effective fiscal policies. However, introducing such structural reforms in often unstable economic environments has not proved easy. Using Russia as a case study, the magnitude of the problems faced is documented, and the strategy of reform eventually adopted is critically reviewed. In conclusion, some lessons are drawn for other transitional countries undertaking similar reforms, and the future agenda for completing these reforms in Russia is indicated.

Subject: Budget execution and treasury management, Budget planning and preparation, Expenditure, Fiscal accounting and reporting, Fiscal policy, Public financial management (PFM)

Keywords: Budget classification system, Budget execution, Budget execution and treasury management, Budget legislation, Budget planning and preparation, Budget preparation, Budget system, Budget system reform, Cash management, Cash resource, Core government activity, Fiscal accounting and reporting, Government accounting, Government activity, Government arrears, Government operation, Government transaction, Management procedure, Resource allocation, Russia, State plan, System reform, WP

Publication Details

  • Pages:

    25

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2002/022

  • Stock No:

    WPIEA0222002

  • ISBN:

    9781451843989

  • ISSN:

    1018-5941

You May Also Be Interested In...

Sierra Leone: 2024 Article IV Consultation and Request for a 38-Month Arrangement Under the Extended Credit Facility-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Sierra Leone

November 22, 2024

Implementing Risk-Based Solvency for Insurers—Lessons from Kenya, Mexico, and South Africa

November 22, 2024

The Role of Corporate Cash Holdings in the Transmission of Monetary Policy Tightening

November 22, 2024

The Fund's Income Position for FY 2024--Actual Outcome

November 21, 2024