Budget Institutions and Fiscal Performance in Low-Income Countries

By Sophia Gollwitzer, Eteri Kvintradze, Tej Prakash, Luis-Felipe Zanna, Era Dabla-Norris, Richard I Allen, Irene Yackovlev, Victor Duarte Lledo

March 1, 2010

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Sophia Gollwitzer, Eteri Kvintradze, Tej Prakash, Luis-Felipe Zanna, Era Dabla-Norris, Richard I Allen, Irene Yackovlev, and Victor Duarte Lledo. Budget Institutions and Fiscal Performance in Low-Income Countries, (USA: International Monetary Fund, 2010) accessed September 18, 2024

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. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper presents, for the first time, multi-dimensional indices of the quality of budget institutions in low-income countries. The indices allow for benchmarking against the performance of middle-income countries, across regions, and according to different institutional arrangements that deliver good fiscal performance. Using the constructed indices, the paper provides preliminary empirical support for the hypotheses that strong budget institutions help improve fiscal balances and public external debt outcomes; and countries with stronger fiscal institutions have better scope to conduct countercyclical policies.

Subject: Budget planning and preparation, External debt, Fiscal policy, Fiscal stance, Government asset and liability management

Keywords: Budget institution, Budget process, Dependent variable, Low-income country, WP

Publication Details

Pages:

56
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2010/080
Stock No:

WPIEA2010080
ISBN:

9781451982237
ISSN:

1018-5941

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