Technical Notes and Manuals

Reforming Budget System Laws

ByIsrael Fainboim Yaker, Ian Lienert

February 3, 2010

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Israel Fainboim Yaker, and Ian Lienert. "Reforming Budget System Laws", Technical Notes and Manuals 2010, 001 (2010), accessed 12/6/2025, https://doi.org/10.5089/9781462394937.005

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Also available inespañol

Disclaimer: This Technical Guidance Note should not be reported as representing the views of the IMF. The views expressed in this Note are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

This paper discusses the need for reforming budget system laws (BSLs). The outcomes of the budget process depend heavily on whether there are clear rules for formulating, executing, and reporting on the annual budget, as well as a clear statement of medium-term fiscal policy objectives. These rules are usually specified in a BSL. This paper analyzes the relationship between the BSL, the constitution, and the wider legal framework. It also discusses how a BSL should be adapted to a country’s political arrangements.

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

Keywords: annual budget law, budget authority, Budget execution and treasury management, budget law discussion, budget manager, Budget planning and preparation, budget principle, budget responsibility, budget system, budget system law reform executive legislature, draft BSL, draft budget law, Fiscal accounting and reporting, Fiscal law, government decree, government regulation, minister of finance, multiyear budget agreement, system law, TNM, year-end budget report

Notes

Full text also available in Spanish

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