Budgetary Institutions And Expenditure Outcomes
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Budgetary Institutions And Expenditure Outcomes
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Author : Ed Campos
language : en
Publisher:
Release Date : 1999
Budgetary Institutions And Expenditure Outcomes written by Ed Campos and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Electronic books categories.
September 1996 How institutional arrangements affect incentives governing the size, allocation, and use of budgetary resources and improve transparency and accountability -- binding key players to particular fiscal outcomes and making it costly for them to misbehave. Campos and Pradhan examine how institutional arrangements affect incentives that govern the size, allocation, and use of budgetary resources. They use a diagnostic questionnaire designed to elicit the relative strengths and weaknesses of specific systems in terms of instilling fiscal discipline, strategically assigning spending priorities, and making the best use of limited resources. In applying their methodology to a sample of seven countries (Australia, Ghana, Indonesia, Malawi, New Zealand, Thailand, and Uganda), they also examine how donor assistance affects expenditure outcomes. They first compare the far-reaching reforms introduced in Australia and New Zealand, two countries at the cutting edge of institutional reform. In New Zealand, reform focused on achieving general fiscal discipline and technical efficiency (getting the best output at the least cost). In Australia, reform focused on strategic priorities and a shift from central to line agencies to identify savings within hard budget constraints. The two countries took dramatically different paths, but both sought to alter the incentives that affect the size, allocation, and use of resources, and to improve transparency and accountability, binding key players to particular fiscal outcomes and making it costly for them to misbehave. Systems in Indonesia and Thailand were reasonably effective in instilling fiscal discipline, but Indonesia seemed to be somewhat better at allocating resources to protect basic social services and alleviate poverty during periods of fiscal austerity. Thailand's overcentralized system did not capitalize on useful information from line agencies and lower levels of government. Donors play a central role in spending outcomes in the three African countries studied -- Ghana, Malawi, and Uganda. Donors provided incentives for short-term fiscal discipline, but the way they imposed spending cuts impeded the prioritizing of expenditures, and multiple donor projects fragmented the budget. Donor conditionality on the composition of expenditures, and donor-driven attempts to improve technical efficiency, were ineffective. Lack of transparency and accountability meant that rules were not enforced and budgets were often remade in an ad hoc, centralized way, so that the flow of resources to line agencies was unpredictable. This paper -- a product of the Public Economics Division, Policy Research Department -- is part of a larger effort in the department to improve the allocation and use of public expenditures. The study was funded by the Bank's Research Support Budget under the research project The Impact of Budgetary Institutions on Expenditure Outcomes (RPO 680-30).
Budgetary Institutions And Expenditure Outcomes
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Author : José Edgardo L. Campos
language : en
Publisher: World Bank Publications
Release Date : 1996
Budgetary Institutions And Expenditure Outcomes written by José Edgardo L. Campos and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Expenditures, Public categories.
Budgetary Institutions And Expenditure Outcomes
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Author : Ed Campos
language : en
Publisher:
Release Date : 2016
Budgetary Institutions And Expenditure Outcomes written by Ed Campos and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
Budgetary Institutions And Expenditure Outcomes
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Author : Ed Campos
language : en
Publisher:
Release Date : 1996
Budgetary Institutions And Expenditure Outcomes written by Ed Campos and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with categories.
Budgeting And Budgetary Institutions
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Author : Anwar Shah
language : en
Publisher: World Bank Publications
Release Date : 2007
Budgeting And Budgetary Institutions written by Anwar Shah and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Business & Economics categories.
Budgeting and budgetary institutions play a critical role in resource allocation, government accountability, and improved fiscal and social outcomes. This volume distills lessons from practices in designing better fiscal institutions, citizen friendly budgets, and open and transparent processes of budget preparation and execution. It also highlights newer concepts of performance budgeting, accrual accounting, activity based costing, and the use of information and communication technology in budgeting. These tools of analysis are supplemented by a review of budgeting in post-conflict countries and two country case studies on the reform of budgeting systems.
Fiscal Rules And The Budget Process
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Author : Mr.Gian Milesi-Ferretti
language : en
Publisher: International Monetary Fund
Release Date : 1996-06-01
Fiscal Rules And The Budget Process written by Mr.Gian Milesi-Ferretti and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996-06-01 with Business & Economics categories.
This paper examines the rationale for the imposition of fiscal rules as a way to reduce budgetary imbalances. It presents theoretical arguments for the existence of a “fiscal deficit bias” and the empirical evidence on the economic, political and institutional factors leading to this bias. In the context of these findings, it discusses the potential role of legal constraints on the level of key fiscal variables, and of reforms in budgetary procedures in enhancing fiscal discipline. It also evaluates proposals for budgetary reform in Italy.
Budget Institutions And Fiscal Performance In Low Income Countries
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Author : Victor Duarte Lledo
language : en
Publisher: International Monetary Fund
Release Date : 2010-03-01
Budget Institutions And Fiscal Performance In Low Income Countries written by Victor Duarte Lledo and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-03-01 with Business & Economics categories.
This paper presents, for the first time, multi-dimensional indices of the quality of budget institutions in low-income countries. The indices allow for benchmarking against the performance of middle-income countries, across regions, and according to different institutional arrangements that deliver good fiscal performance. Using the constructed indices, the paper provides preliminary empirical support for the hypotheses that strong budget institutions help improve fiscal balances and public external debt outcomes; and countries with stronger fiscal institutions have better scope to conduct countercyclical policies.
Fiscal Institutions And Fiscal Performance
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Author : James M. Poterba
language : en
Publisher: University of Chicago Press
Release Date : 2008-04-15
Fiscal Institutions And Fiscal Performance written by James M. Poterba and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-04-15 with Political Science categories.
The unprecedented rise and persistence of large-scale budget deficits in many developed and developing nations during the past three decades has caused great concern. The widespread presence of such deficits has proved difficult to explain. Their emergence in otherwise diverse nations defies particularistic explanations aimed at internal economic developments within a specific country. Fiscal Institutions and Fiscal Performance shifts emphasis away from narrow economic factors to more broadly defined political and institutional factors that affect government policy and national debt. This collection brings together new theoretical models, empirical evidence, and a series of in-depth case studies to analyze the effect of political institutions, fiscal regulations, and policy decisions on accumulating deficits. It provides a fascinating overview of the political and economic issues involved and highlights the role of budgetary institutions in the formation of budget deficits.
Budget Deficits And Budget Institutions
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Author : Alberto Alesina
language : en
Publisher:
Release Date : 1996
Budget Deficits And Budget Institutions written by Alberto Alesina and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Budget categories.
By discussing the available theoretical and empirical literature, this paper argues that budget procedures and budget institutions do influence budget outcomes. Budget institutions include both procedural rules and balanced budget laws. We critically assess theoretical contributions in this area and suggest several open and unresolved issues. We also examine the empirical evidence drawn from studies on samples of OECD countries, Latin American countries and US states.
Can Budget Institutions Counteract Political Indiscipline
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Author : Ashoka Mody
language : en
Publisher: International Monetary Fund
Release Date : 2006-05
Can Budget Institutions Counteract Political Indiscipline written by Ashoka Mody and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-05 with Business & Economics categories.
The budget is an expression of political rather than economic priorities. We confirm this proposition for a group of new and potential members of the European Union, finding that politics dominates. The contemporary practice of democracy can increase budget deficits through not only ideological preferences but also more fragmented government coalitions and higher voter participation. Long-term structural forces, triggered by societal divisions and representative electoral rules, have more ambiguous implications but also appear to increase budget pressures, as others have also found. However, our most robust, and hopeful, finding is that budget institutions-mechanisms and rules of the budget process-that create checks and balances have significant value even when the politics is representative but undisciplined, and when long-term structural forces are unfavorable.