## Budget Institutions in Low-Income Countries: Lessons from G-20

_IMF Working Papers, September 11, 2014_

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## Bibliographic details
- Authors: Sanjeev Gupta, Sami Yläoutinen
- Published: September 11, 2014
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781498329439.001

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### Summary
- 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.

### Twelve-budget-institutions framework (as presented)
- Identifies twelve budget institutions intended to support:
  - Planning of fiscal strategy
  - Delivery of credible fiscal strategy
  - Fiscal policy-making processes
- Framework is designed for assessment and comparative analysis (applied to low-income countries and G-20 economies).

### Application to seven low-income countries and comparison with G-20
- 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.

### Policy recommendations and reform sequencing
- 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 areas and keywords
- 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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_Source: https://www.imf.org/en/publications/wp/issues/2016/12/31/budget-institutions-in-low-income-countries-lessons-from-g-20-41906_