OECD Journal on Budgeting

Frequency :
1681-2336 (online)
1608-7143 (print)
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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.

Also available in: French

Volume 2, Issue 2 You do not have access to this content

Publication Date :
24 Jan 2003
Also available in: French

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  24 Jan 2003 Click to Access:  Does budgeting have a future?
Allen Schick

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 used or of what was accomplished, or of the results that new allocations may produce. Most people involved in budgeting have experienced the frustration of having their preferences crowded out by the built-in cost of past actions. Budgeting is a deadline-driven process, in which sub-optimal decisions often are the norm because government does not have the option of making no decisions. When one cycle ends, the next begins, usually with little respite and along the same path that was trod the year before. The routines of budgeting dull conflict, but they also are a breeding ground for frustration.

  24 Jan 2003 Click to Access:  Modern financial management practices
Ian Ball

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...

  24 Jan 2003 Click to Access:  Time horizons in budgeting
Daniel Tarschys

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 on nothing but the next election, there is a great deal of evidence to the contrary. As a rule there is a blend of time-frames and perspectives in the same actor. Attention leaps back and forth between the proximate and the distant. In their time orientation, elected officials share the ambivalence and volatility of their electorates. "A week is a long time in politics", Harold Wilson once famously claimed when accused of inconsistency...

  24 Jan 2003 Click to Access:  Investing in private financial assets to address longer-term needs
Jón R. Blöndal

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 meeting with case studies of their national experiences: Australia, Canada, Chile, the Netherlands, New Zealand, Norway, the United Kingdom and the United States. France attended the meeting as well. The meeting was chaired by Mr. Paul Posner, Managing Director, General Accounting Office, United States...

  24 Jan 2003 Click to Access:  Budgeting in Finland
Jón R. Blöndal, Jens Kromann Kristensen, Michael Ruffner

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 policy document in that governments establish their policy priorities in concrete terms in the budget through the allocation of funding. It is the key management document in that the basic operational aspects of government ministries and agencies are established in the context of the budget. Furthermore, the budget provides the basic architecture for overall decision-making and accountability in government. This architectural design has a significant impact on overall government performance.

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