IMF Working Papers

The Micro Basis of Budget System Reform: The Case of Transitional Economies

By Jack Diamond

June 1, 2002

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Jack Diamond. The Micro Basis of Budget System Reform: The Case of Transitional Economies, (USA: International Monetary Fund, 2002) accessed November 21, 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

In reviewing the means to strengthen public expenditure management (PEM) systems, there has been increased emphasis on the micro basis of broader budget system reforms, especially reforms of the internal financial management systems in government agencies. Specifically in transition economies, there has been increasing recognition that OECD-type budget systems need to be broadly based on a firm platform of financial management in government institutions. At the same time, many transitional countries have generally acknowledged that this aspect of their PEM systems is problematic and needs to be rectified; hence, international agencies have been actively promoting reforms in these areas. In particular, three areas have been emphasized: human resource management, procurement, and internal audit. This paper explores the problems faced by transitional economies in each of these areas and reviews the generally recommended solutions to these problems.

Subject: Auditing, Budget execution and treasury management, Budget planning and preparation, External audit, Internal controls, Public financial management (PFM), Revenue administration

Keywords: Audit standards government, Auditing, Budget execution and treasury management, Budget management philosophy, Budget planning and preparation, Budget reform, Change management strategy, Eastern Europe, External audit, Governance problem, Government HR management, Government procurement, Government purchasing, HR management, Human resource management, IA function, Internal auditor, Internal controls, Management procedure, PEM management cycle, Procurement management, Term HR management, Transition economy government, WP

Publication Details

  • Pages:

    32

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2002/105

  • Stock No:

    WPIEA1052002

  • ISBN:

    9781451852837

  • ISSN:

    1018-5941

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