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

September 11, 2014

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 twelve budget institutions that can support planning and delivery of credible fiscal strategies in the fiscal policy-making process. The resulting framework is applied to seven low-income countries and the status of their budget institutions compared to the G-20 advanced and emerging market economies. The paper then presents recommendations for designing and implementing appropriate fiscal strategy for low- income countries. Particular attention is paid to prioritization and sequencing of reform efforts.

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

Pages:
35
Volume:
2014
DOI:
https://doi.org/10.5089/9781498329439.001
Issue:
164
Series:
Working Paper No. 2014/164
Stock No:
WPIEA2014164
ISBN:
9781498329439
ISSN:
1018-5941

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