OECD Journal on Budgeting

Frequency
3 times a year
ISSN: 
1681-2336 (online)
ISSN: 
1608-7143 (print)
http://dx.doi.org/10.1787/16812336
Hide / Show Abstract

The OECD journal on public sector budgeting, published three times per year. It draws on the best of the recent work of the OECD Working Party of Senior Budget Officials (SBO), as well as special contributions from finance ministries, and makes it available to a wider community in an accessible format. The journal provides insight on leading-edge institutional arrangements, systems and instruments for the allocation and management of resources in the public sector. Now published as a part of the OECD Journal subscription package.

Also available in French
Article
 

Budget reform in OECD member countries

Common trends You do not have access to this content

English
 
Click to Access: 
    http://oecd.metastore.ingenta.com/content/4202041ec002.pdf
  • PDF
  • http://www.keepeek.com/Digital-Asset-Management/oecd/governance/budget-reform-in-oecd-member-countries-common-trends_budget-v2-art20-en
  • READ
Author(s):
Jón R. Blöndal
23 May 2003
Pages:
21
Bibliographic information
No.:
20,
Volume:
2,
Issue:
4
Pages:
7–25
http://dx.doi.org/10.1787/budget-v2-art20-en

Hide / Show Abstract

From the early 1990s, the fiscal position of OECD member countries improved steadily each year, from a deficit of 5% of GDP for member countries as whole in 1993 to a perfect balance in the year 2000, i.e. neither a deficit nor a surplus. In 2001, member countries experienced a deficit of 1% of GDP. Table 1 depicts the general government financial balances of selected OECD member countries. This goes to show the historical pattern in member countries: achieving fiscal consolidation is a slow process and successes in fiscal consolidation can quickly dissipate. A very short time ago, several OECD member countries believed that they were on a long-term track for fiscal surpluses; the era of deficits had been overcome. This did not turn out to be the case; surpluses turned out to be a very short-lived phenomenon for many countries.

Also available in French
 
Visit the OECD web site