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19 Mar 2007
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Article
English
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Budgeting in Hungary
Dirk-Jan Kraan, Daniel Bergvall, Ian Hawkesworth, Philipp Krause, Pages: 1–61
in
OECD Journal on Budgeting
This review of the Hungarian budget process was carried out in May 2006. The review covers budget formulation, budget execution, parliamentary approval, accounting and auditing, and sub-national financing. Hungary has modernised its budget process ...
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19 Mar 2007
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Article
English
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Competitiveness and Modernisation of Public Finances: Selecting an Action Scenario in Hungary Following EU Accession
Árpád Kovács, Pages: 1–24
in
OECD Journal on Budgeting
The most important strategic tasks of Hungarian economic policy are to complete the process of European integration, to build up the appropriate institutional and social capacities and to harmonise real and nominal convergence. This article ...
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19 Mar 2007
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Article
English
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The Medium-Term Fiscal Framework in Sweden
Gösta Ljungman, Pages: 1–17
in
OECD Journal on Budgeting
Since 1997, a medium-term fiscal framework has been applied to virtually all aspects of budget preparation in Sweden. The longer three-year horizon has enabled better fiscal discipline through the use of fiscal targets and advanced forecasting ...
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19 Mar 2007
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Article
English
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Fiscal Rules for Subnational Governments: Can They Promote Fiscal Discipline?
Teresa Ter-Minassian, Pages: 1–11
in
OECD Journal on Budgeting
Experience indicates that fiscal rules can be helpful as a disciplinary device at the central government level. This article explores whether fiscal rules could be usefully adopted in a decentralised framework, where the behaviour of subnational ...
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19 Mar 2007
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Article
English
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Allocation of Taxing Powers
David King, Pages: 1–33
in
OECD Journal on Budgeting
Sub-central taxes are needed because sub-central governments spend large sums. This article discusses some key issues in sub-central taxation from an economist’s perspective, including the scale and role of sub-central governments, their main ...
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30 May 2007
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Article
English
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Managing and Controlling Extrabudgetary Funds
Richard Allen, Dimitar Radev, Pages: 7–36
in
OECD Journal on Budgeting
This article addresses issues relating to the establishment and financial management of extrabudgetary funds (EBFs), a large group of government entities and accounts. The article develops a typology of EBFs and argues that they are frequently ...
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30 May 2007
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Article
English
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Performance Budgeting in the Netherlands: Beyond Arithmetic
Frans K. M. van Nispen, Johan J. A. Posseth, Pages: 37–62
in
OECD Journal on Budgeting
Performance-based budgeting seems to be a promising tool for improving the management and accountability of public finances. However, its application causes many difficulties. This article briefly reviews international experience with ...
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30 May 2007
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Article
English
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Public Investment in the United Kingdom
Pietro Toigo, Robert Woods, Pages: 63–102
in
OECD Journal on Budgeting
The new fiscal and expenditure policy framework adopted in the United Kingdom in 1997 included clear fiscal rules and a reformed system of budgetary controls and capital appraisal procedures. These macro and micro reforms allowed the historic ...
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30 May 2007
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Article
English
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Public Expenditure and Fiscal Consolidation in Portugal
Jorge C. Cunha, Cláudia R. Braz, Pages: 103–121
in
OECD Journal on Budgeting
This article analyses the evolution of Portuguese public expenditure from 1990 to 2004, in order to assess the current position and the prospects for future developments in the absence of corrective measures and structural reforms.
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30 May 2007
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Article
English
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Framework for Fiscal Consolidation: Successes and Failures in Japan
Masato Miyazaki, Pages: 123–148
in
OECD Journal on Budgeting
This article discusses selected historical developments of Japan’s public finance system from 1947 through 2004, then analyses the successful efforts for fiscal consolidation in the 1980s and the unsuccessful attempt in the 1990s. The article ...
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04 July 2007
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Article
English
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Comparing Budget and Accounting Measures of the Federal Government's Fiscal Condition
OECD, Pages: 1–25
in
OECD Journal on Budgeting
This paper by the Congressional Budget Office examines two reports on fiscal policy in the United States: the budget and the government’s financial statements. The reports differ in concept and scope. Neither provides all of the relevant information ...
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05 Nov 2007
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Article
English
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Integrating Current and Development Budgets: A Four-Dimensional Process
David Webber, Pages: 93–107
in
OECD Journal on Budgeting
For most developing and transition countries, the integration of current and capital (or "development") budgets is a major step towards improved budget management and more effective public finance institutions. Moving to a unified budget, however ...
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05 Nov 2007
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Article
English
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Performance Budgeting and Accrual Budgeting: Decision rules or Analytic Tools?
Allen Schick, Pages: 109–138
in
OECD Journal on Budgeting
Performance budgeting and accrual budgeting are analytic tools that provide information and insights which are not available through conventional approaches. But neither innovation is ready for widespread application as a decision rule in the budget ...
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05 Nov 2007
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Article
English
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Engaging the Public in National Budgeting: A Non-governmental Perspective
Susan Tanaka, Pages: 139–177
in
OECD Journal on Budgeting
This article explores how citizens are being engaged in an important area of policy making – the budget – and suggests ways in which budget officials can use the powerful resource of the Internet to further that involvement.
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31 Jan 2008
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Article
English
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Off-budget Expenditure: An Economic and Political Framework
Allen Schick, Pages: 1–32
in
OECD Journal on Budgeting
This paper, originally presented at the 1981 meeting of the OECD Working Party of Senior Budget Officials, discusses the fundamental purposes of budgeting and explores how off-budget expenditures weaken a government’s financial control. The paper ...
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31 Jan 2008
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Article
English
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Budgeting in Austria
Jón R. Blöndal, Daniel Bergvall, Pages: 1–37
in
OECD Journal on Budgeting
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31 Jan 2008
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Article
English
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Role of the Legislature in the Budget Process: Recent Trends and Innovations
Paul L. Posner, Chung-Keun Park, Pages: 1–26
in
OECD Journal on Budgeting
This article provides a broad historical and conceptual overview of the evolution of legislative roles in budgeting, and assesses the potential consequences of expanded roles. By analysing country budget institutions and practices, the article ...
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31 Jan 2008
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Article
English
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A Principal-Agent Theory Approach to Public Expenditure Management Systems in Developing Countries
Luc Leruth, Elisabeth Paul, Pages: 1–29
in
OECD Journal on Budgeting
A well-functioning public expenditure management system is considered a critical pillar of government efficiency. This article discusses PEM systems in developing countries using an analytical framework based on principal-agent theory. This simple ...
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31 Jan 2008
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Article
English
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Performance Budgeting in Australia
Lewis Hawke, Pages: 1–15
in
OECD Journal on Budgeting
This article describes how the principles of management for results have worked in practice over the past two decades in Australia. The current performance information framework involves, among other things, the accrual-based outcomes and outputs ...
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04 July 2007
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Article
English
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Budget Reform in China
Christine Wong, Pages: 1–24
in
OECD Journal on Budgeting
China has made crucial progress in the field of public expenditure management in the past ten years. This article reviews the reforms in budget formulation, approval, implementation and audit. Some weaknesses remain: for example, important decisions ...
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