Budget System Reform in Transitional Economies: The Experience of Russia

Author/Editor:

Jack Diamond

Publication Date:

February 1, 2002

Electronic Access:

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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.

Series:

Working Paper No. 2002/022

Subject:

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

English

Publication Date:

February 1, 2002

ISBN/ISSN:

9781451843989/1018-5941

Stock No:

WPIEA0222002

Pages:

25

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