1887

OECD Journal on Budgeting

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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Aspects of the New Public Finance

This article considers the context of the emerging developing country public finance and identifies two particular driving forces behind its increased complexity: the policy space between public and private within countries, and the policy space between countries and institutions in the international arena. The article highlights that international co-operation happens not as much across national borders as at a national level influenced by international agreements. Hence the building of common approaches to partnerships, prioritisation and budgeting is important for the efficient mobilisation of resources. The article also stresses the need for more direct co-operation between countries, particularly in a regional developing context; the role of ministries of finance and budget offices in ensuring the growth of such co-operation; and the need to streamline budget institutions to ensure their effectiveness.

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