Budget System Reform in Transitional Economies: The Experience of Russia

IMF Working Papers, February 1, 2002

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Budget System Reform in Transitional Economies: The Experience of Russia

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Bibliographic details

• Authors: Jack Diamond
• Published: February 1, 2002
• Series: IMF Working Papers
• DOI: https://doi.org/10.5089/9781451843989.001

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.
• 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.

Major themes and analysis

• Role of budget system reform
  • Budget system reform is presented as essential for effective fiscal policy implementation in transitional economies.
• Challenges in transitional environments
  • Structural reforms are difficult to introduce amid economic instability.
• Case study: Russia
  • The paper documents the magnitude of problems faced in Russia and critically reviews the strategy of reform that was eventually adopted.
• Lessons and agenda
  • Lessons for other transitional countries are drawn.
  • The paper indicates a future agenda for completing reforms in Russia.

Subject coverage and keywords

• Subjects: 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

Content in this bundle

• Budget System Reform in Transitional Economies: The Experience of Russia - WP/02/22
  • Budget System Reform in Transitional Economies: The Experience of Russia - WP/02/22 (Markdown version)
  • Budget System Reform in Transitional Economies: The Experience of Russia - WP/02/22 (PDF)