The New Russian Budget System: A Critical Assessment and Future Reform Agenda

IMF Working Papers, February 1, 2002

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The New Russian Budget System: A Critical Assessment and Future Reform Agenda

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Bibliographic details

• Authors: Jack Diamond
• Published: February 1, 2002
• Series: IMF Working Papers
• DOI: https://doi.org/10.5089/9781451843927.001

Summary

• Documents the main elements of the new budget system established in the Russian Federation through its revised budget system law, or the Budget Code, of 2000.
• Critically examines:
  • Budget preparation processes.
  • Budget approval processes.
  • Budget execution processes.
  • Financial management and planning procedures underlying the Budget Code.
• Based on the analysis, discusses recent developments and indicates a future reform agenda.

Major analytical themes and findings

• Budget Code of 2000: Central focus of the paper as the legal foundation of the new budget system in the Russian Federation.
• Budget processes examined:
  • Budget preparation.
  • Budget approval.
  • Budget execution.
• Public financial management components analyzed:
  • Financial management procedures.
  • Planning procedures that underlie the Budget Code.

Recent developments and future reform agenda

• The paper discusses recent developments following the introduction of the Budget Code of 2000.
• It indicates a future reform agenda based on the critical examination of the budget preparation, approval, execution, and underlying financial management and planning procedures.

Subject areas and keywords

• Subject: Budget classification, Budget execution and treasury management, Budget planning and preparation, Expenditure, Fiscal accounting and reporting, Public financial management (PFM)
• Keywords: Baltics, Budget classification, budget classification systems, budget execution, Budget execution and treasury management, budget execution authority, budget institution, budget pattern, Budget planning and preparation, budget practice, budget reform, budget system, Budget System Law, Duma budget committee, Fiscal accounting and reporting, government policy, preparing budget projection, Russia, system reform, WP

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• The New Russian Budget System: A Critical Assessment and Future Reform Agenda - WP/02/21
  • The New Russian Budget System: A Critical Assessment and Future Reform Agenda - WP/02/21 (Markdown version)
  • The New Russian Budget System: A Critical Assessment and Future Reform Agenda - WP/02/21 (PDF)