Budgeting is a work in progress. The process is never quite settled because those who manage it are never fully satisfied. To budget is to decide on the basis of inadequate information, often without secure knowledge of how past appropriations were ...

The paper highlights two incentive regimes which have been used by governments to improve their financial management systems: the capital charge regime to improve asset management and the interest rate regime to improve cash management...

Public policy-makers operate with all measures of time horizon. They make short-term decisions as well as investments intended to benefit several generations. Though popular myth and public choice theory concur that politicians have their eyes fixed ...

In preparation for the 2002 meeting of the OECD Working Party of Senior Budget Officials, an ad hoc Meeting on Investing in Private Financial Assets to Address Longer Term Needs was held in Paris on 4-5 April 2002. Eight countries participated in ...

The budget is the most fundamental and important document of governments. It is the key economic document in that it allocates a significant share of a nation’s gross domestic product, over half in some OECD member countries. It is the key program ...