Toward a Framework for a Budget Law for Economies in Transition
IMF Working Papers, December 1, 1994
Source details
- Canonical URL
- Toward a Framework for a Budget Law for Economies in Transition
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Bibliographic details
- Authors: Bill Allan
- Published: December 1, 1994
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451856866.001
Summary and Purpose
- Discusses basic principles underlying budget law.
- Reviews key features of budget legislation in several OECD countries as a basis for development of budget legislation in economies in transition to a market environment (EITs).
- Recommends a broad structure and a number of specific provisions that could be included in budget law for EITs.
- Notes that Working Papers describe research in progress and are published to elicit comments and to further debate.
- 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."
Major Findings and Analytical Themes
- Emphasizes the linkage between budget law principles and practical features of OECD budget legislation as informative for EITs.
- Addresses multiple aspects of public financial management relevant to budget law design:
- Budget execution and treasury management
- Budget planning and preparation
- Expenditure
- Fiscal accounting and reporting
- Fiscal law
- Fiscal policy
- Public financial management (PFM)
Recommendations (as summarized)
- Proposes a broad structure for budget law tailored to economies in transition.
- Recommends a number of specific provisions that could be included in budget law for EITs.
Subjects and Keywords
- Subject: Budget execution and treasury management; Budget planning and preparation; Expenditure; Fiscal accounting and reporting; Fiscal law; Fiscal policy; Public financial management (PFM)
- Keywords: banking business, budget, Budget execution and treasury management, budget legislation, budget management law, Budget planning and preparation, country, Fiscal accounting and reporting, Fiscal law, government, government auditor, government bank accounts, government banking, government budget management, government organization, government program, governments providing, Minister of Finance authority, OECD government budget, WP
IMF Working Papers — Toward a Framework for a Budget Law for Economies in Transition (Bill Allan), Working Paper No. 1994/149, December 1, 1994.