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ISBN: 1462343651 1452774277 1283514966 9786613827418 1451990278 Year: 2009 Publisher: Washington, D.C. : International Monetary Fund,
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This paper examines the rationale for a top-down approach to budget preparation and approval, and discusses some factors that have to be considered when reorienting the budget process along these lines. The paper argues that the sequence in which budgetary decisions are taken matters, and that a strong top-down approach strengthens fiscal discipline and improves policy prioritization and coordination. Top-down budgeting also alters the division of roles and responsibilities between the central budget authority and line ministries, and requires that the process of determining the total expenditure level, sectoral allocations and individual appropriations is clarified. Finally, the paper argues that strong top-down elements in the parliamentary budget voting process can be effective in addressing the risk of excessive and unsustainable amendments during budget approval.
Budgeting --- Public Finance --- National Budget --- Budget Systems --- National Government Expenditures and Related Policies: General --- Fiscal Policy --- Budgeting & financial management --- Public finance & taxation --- Macroeconomics --- Budget planning and preparation --- Expenditure --- Total expenditures --- Fiscal policy --- Central government spending --- Budget --- Expenditures, Public --- Switzerland
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ISBN: 1462386059 1452731918 1282558250 1451986246 9786613822383 Year: 2008 Publisher: Washington, D.C. : International Monetary Fund,
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This paper looks at the factors that have to be considered when designing an aggregate expenditure ceiling. It is argued that expenditure ceilings are effective in promoting fiscal discipline and sustainability, but that a number of trade-offs have to be made when setting up a fiscal framework that will survive in a politically charged environment. The paper illustrates the discussion with a case study of medium-term aggregate expenditure ceilings in three countries: Finland, the Netherlands and Sweden.
Budgeting --- Exports and Imports --- Inflation --- Macroeconomics --- Public Finance --- National Government Expenditures and Related Policies: General --- National Budget --- Budget Systems --- International Lending and Debt Problems --- Fiscal Policy --- Price Level --- Deflation --- Public finance & taxation --- Budgeting & financial management --- International economics --- Expenditure --- Budget planning and preparation --- Interest payments --- Fiscal governance --- Public financial management (PFM) --- External debt --- Fiscal policy --- Prices --- Expenditures, Public --- Budget --- Debt service --- Netherlands, The
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