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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Can National Legislatures Regain an Effective Voice in Budget Policy?

Two contemporary developments are buffeting legislative work on the budget.

One is the drive to discipline public finance by constraining the fiscal aggregates;

the other is the effort to enlarge the legislature’s role in revenue and spending

policy. Whether these trends turn out to be complementary or contradictory will

shape the budgetary role of national legislatures in the years ahead. One scenario

is for the legislature to reinforce fiscal discipline by taking responsibility for the

budget’s totals; another is for it to undermine discipline by bombarding the budget

submitted by the government with legislative amendments that trim revenues

or boost expenditures...

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