OECD Journal on Budgeting

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

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Volume 13, Issue 3 You do not have access to this content

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  04 Nov 2014
Click to Access: 
    http://oecd.metastore.ingenta.com/content/4213031ec004.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/governance/estimates-of-uncertainty-around-australian-budget-forecasts_budget-13-5jxvd4xlns7j
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Estimates of uncertainty around Australian budget forecasts
John Clark, Caroline Gibbons, Susan Morrissey, Joshua Pooley, Emily Pye, Rhett Wilcox, Luke Willard

In this article, past forecast errors are used to construct confidence intervals around Australian Government Budget forecasts of key economic and fiscal variables. These confidence intervals provide an indication of the extent of uncertainty around the point estimate forecasts presented in the Budget.

JEL classification numbers: E17, H68.
Keywords: Confidence intervals, forecast errors, government budget, nominal GDP, real GDP, treasury, uncertainty.

  04 Nov 2014
Click to Access: 
    http://oecd.metastore.ingenta.com/content/4213031ec003.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/governance/evaluating-the-capability-of-the-uk-treasury-1990-2013_budget-13-5jxx2xcvjpth
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Evaluating the capability of the UK Treasury, 1990-2013
Richard Allen

The strength of the United Kingdom’s central finance agency (H.M. Treasury) has been attributed to its broad and powerful influence on policy issues; the high intellectual standards of its staff; the relatively clear division between the "official" treasury and the political level; and the important role played by the permanent secretary as an anchor and point of communication between officials and ministers. To maintain its power the Treasury has to adapt quickly to changing economic and political circumstances, most recently the global financial crisis. It has also engaged in two major reorganisations over the past 20 years, which have resulted in a substantial streamlining of the organisation, a flattening of the management structure, and a casting out of functions regarded as peripheral to its core finance and economic mandate. Some critics, however, have argued that the performance of the Treasury has failed, and that the department needs to be cut back to its traditional role as a budget and finance ministry.

JEL classification: H50, H54, H80, H83.
Keywords: Treasury, finance ministry, central finance agency, public finance, organisation, change management.

  04 Nov 2014
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    http://oecd.metastore.ingenta.com/content/4213031ec002.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/governance/the-impact-of-cost-containment-policies-on-health-expenditure_budget-13-5jxx2wl6lp9p
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The impact of cost-containment policies on health expenditure
Rodrigo Moreno-Serra

Many governments have enacted health cost-containment policies in recent years, and many are currently considering further reform alternatives to tackle growing health spending and promote efficiency in the health system, particularly in light of projections regarding future cost pressures in this sector. The focus of this study is to assess the most robust empirical evidence on the public spending effects of health policy alternatives to contain excess cost growth in the system. A stylised theoretical framework of the relationships between potential cost-containment measures, economic incentives and quantities, and health expenditure is suggested. The developed framework provides structural guidance for reviewing the evidence on the cost-containment impacts of various reforms implemented in OECD countries in the last decades. The accumulated evidence indicates that there are various alternative policies in a government’s toolkit that can be combined to achieve better cost control in the health system, provided institutional aspects and policy interactions are carefully considered.

JEL classification: I10, I18, H51.
Keywords: Health financing, cost containment, provider payment, health system reform.

  04 Nov 2014
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    http://oecd.metastore.ingenta.com/content/4213031ec001.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/governance/the-swedish-pension-system-after-twenty-years_budget-13-5jxx3sx58x9t
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The Swedish pension system after twenty years
Kent Weaver, Alexander Willén

Elements of the Swedish pension reform enacted in the 1990s have served as a model for reform initiatives in a number of other countries. Sweden’s experience suggests that a Notional Defined Contribution (NDC) pension reform can be sustained in a supportive political environment, but it has not been immune to electoral pressures to prevent visible cuts in pension benefits. Moreover, efforts to lengthen working lives have encountered major barriers both in the way that the state pension system is perceived and in the structure of the occupational pension system. Design of Sweden’s individual account tier has major successes in lowering administrative costs and in providing information across sources of retirement income, but efforts to increase active engagement in selecting retirement savings portfolios have faltered. Sweden has modified its new pension system in several ways over the past decade to address perceived problems and political concerns, and debates are now arising on a "Pension Reform 2.0" package of more comprehensive changes.

JEL classification: H5, H55.
Keywords: Pension reform, pension system, income contribution, retirement, stabilising mechanisms.

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