{
  "title": "Budget Institutions in Low-Income Countries: Lessons from G-20",
  "publication": "IMF Working Papers, September 11, 2014",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2016/12/31/budget-institutions-in-low-income-countries-lessons-from-g-20-41906",
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  "summary": "This paper presents twelve budget institutions that can support planning and delivery of credible fiscal strategies in the fiscal policy-making process.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- Presents twelve budget institutions that can support planning and delivery of credible fiscal strategies in the fiscal policy-making process.\n- Applies the resulting framework to seven low-income countries and compares the status of their budget institutions to the G-20 advanced and emerging market economies.\n- Presents recommendations for designing and implementing appropriate fiscal strategy for low-income countries, with particular attention to prioritization and sequencing of reform efforts."
    },
    {
      "heading": "Twelve-budget-institutions framework (as presented)",
      "content": "- Identifies twelve budget institutions intended to support:\n  - Planning of fiscal strategy\n  - Delivery of credible fiscal strategy\n  - Fiscal policy-making processes\n- Framework is designed for assessment and comparative analysis (applied to low-income countries and G-20 economies)."
    },
    {
      "heading": "Application to seven low-income countries and comparison with G-20",
      "content": "- Framework applied to seven low-income countries to assess the status of their budget institutions.\n- Comparative analysis conducted between these seven low-income countries and the G-20 advanced and emerging market economies."
    },
    {
      "heading": "Policy recommendations and reform sequencing",
      "content": "- Recommends designing and implementing appropriate fiscal strategy tailored to low-income countries.\n- Emphasizes prioritization and sequencing of reform efforts to enhance feasibility and impact."
    },
    {
      "heading": "Subject areas and keywords",
      "content": "- Subject: Budget execution and treasury management, Budget planning and preparation, Expenditure, Macroeconomic and fiscal forecasts, Medium-term budget frameworks, Public financial management (PFM)\n- Keywords: Africa, budget, Budget execution and treasury management, budget execution procedure, budget institution, Budget Institutions, Budget planning and preparation, Budget Reforms, budget unity, country, country group, government, Low Income Countries, low-income country, Macroeconomic and fiscal forecasts, Medium-term budget frameworks, orientation debate, procedure, WP\n\n---\n\n Content in this bundle\n\n- wp14164\n  - wp14164 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp14164 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/budget-institutions-in-low-income-countries-lessons-from-g-20-41906"
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    "Authors: Sanjeev Gupta, Sami Yläoutinen",
    "Published: September 11, 2014",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781498329439.001",
    "Presents twelve budget institutions that can support planning and delivery of credible fiscal strategies in the fiscal policy-making process.",
    "Applies the resulting framework to seven low-income countries and compares the status of their budget institutions to the G-20 advanced and emerging market economies.",
    "Presents recommendations for designing and implementing appropriate fiscal strategy for low-income countries, with particular attention to prioritization and sequencing of reform efforts.",
    "Identifies twelve budget institutions intended to support:",
    "Framework is designed for assessment and comparative analysis (applied to low-income countries and G-20 economies).",
    "Framework applied to seven low-income countries to assess the status of their budget institutions.",
    "Comparative analysis conducted between these seven low-income countries and the G-20 advanced and emerging market economies.",
    "Recommends designing and implementing appropriate fiscal strategy tailored to low-income countries.",
    "Emphasizes prioritization and sequencing of reform efforts to enhance feasibility and impact.",
    "Subject: Budget execution and treasury management, Budget planning and preparation, Expenditure, Macroeconomic and fiscal forecasts, Medium-term budget frameworks, Public financial management (PFM)",
    "Keywords: Africa, budget, Budget execution and treasury management, budget execution procedure, budget institution, Budget Institutions, Budget planning and preparation, Budget Reforms, budget unity, country, country group, government, Low Income Countries, low-income country, Macroeconomic and fiscal forecasts, Medium-term budget frameworks, orientation debate, procedure, WP",
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