Pub Date : 2016-05-27DOI: 10.1787/BUDGET-15-5JM0ZBTMNNMS
S. Gupta, Sami Yläoutinen, Brian Olden, H. V. Eden, Teresa Curristine, T. Josephs, Eliko Pedastsaar, J. Seiwald
This paper presents 12 budget institutions that can support planning and delivery of credible fiscal strategies in the fiscal policy-making process. The resulting framework is applied to seven low-income countries and the status of their budget institutions compared to the G20 advanced and emerging market economies. The paper then presents recommendations for designing and implementing appropriate reform strategy for low-income countries. Particular attention is paid to prioritisation and sequencing of reform efforts.
{"title":"Budget institutions in low-income countries","authors":"S. Gupta, Sami Yläoutinen, Brian Olden, H. V. Eden, Teresa Curristine, T. Josephs, Eliko Pedastsaar, J. Seiwald","doi":"10.1787/BUDGET-15-5JM0ZBTMNNMS","DOIUrl":"https://doi.org/10.1787/BUDGET-15-5JM0ZBTMNNMS","url":null,"abstract":"This paper presents 12 budget institutions that can support planning and delivery of credible fiscal strategies in the fiscal policy-making process. The resulting framework is applied to seven low-income countries and the status of their budget institutions compared to the G20 advanced and emerging market economies. The paper then presents recommendations for designing and implementing appropriate reform strategy for low-income countries. Particular attention is paid to prioritisation and sequencing of reform efforts.","PeriodicalId":115409,"journal":{"name":"Oecd Journal on Budgeting","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-05-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130778577","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2016-05-27DOI: 10.1787/BUDGET-15-5JLZ6RHQDVHH
T. Shaw
This article examines performance budgeting practices and reforms in five OECD member countries: Canada, Ireland, the Netherlands, the United Kingdom and the United States. In each case, three dimensions of performance budgeting are analysed: performance information and monitoring, evaluation, and spending review. Reflecting upon the common experiences in each country, generalised analytical considerations are presented for practitioners planning and implementing current and future performance budgeting reforms. JEL classification: H50, H60, H61 Keywords: performance budgeting, performance-based budgeting, PBB, budget reform, performance information, Canada, Ireland, the Netherlands, the United Kingdom, the United States
{"title":"Performance budgeting practices and procedures","authors":"T. Shaw","doi":"10.1787/BUDGET-15-5JLZ6RHQDVHH","DOIUrl":"https://doi.org/10.1787/BUDGET-15-5JLZ6RHQDVHH","url":null,"abstract":"This article examines performance budgeting practices and reforms in five OECD member countries: Canada, Ireland, the Netherlands, the United Kingdom and the United States. In each case, three dimensions of performance budgeting are analysed: performance information and monitoring, evaluation, and spending review. Reflecting upon the common experiences in each country, generalised analytical considerations are presented for practitioners planning and implementing current and future performance budgeting reforms.\u0000JEL classification: H50, H60, H61\u0000Keywords: performance budgeting, performance-based budgeting, PBB, budget reform, performance information, Canada, Ireland, the Netherlands, the United Kingdom, the United States","PeriodicalId":115409,"journal":{"name":"Oecd Journal on Budgeting","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-05-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121228339","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2016-05-27DOI: 10.1787/BUDGET-15-5JM0ZBTM3PZN
Christine P. W. Wong
Fiscal reforms were central to the comprehensive programme of reforms announced at the Third Plenum of the 18th Party Congress in November 2013, during the first year of the Xi Jinping administration. One of the significant reforms on focus is public financial management (PFM). The urgency of PFM reform can be traced, paradoxically, to the extraordinary growth experienced by the Chinese economy during the first decade of this century, when easy money and weak accountability gave rise to unprecedented waste, corruption, and a mountain of local government debt.
{"title":"Budget reform in China: Progress and prospects in the Xi Jinping era","authors":"Christine P. W. Wong","doi":"10.1787/BUDGET-15-5JM0ZBTM3PZN","DOIUrl":"https://doi.org/10.1787/BUDGET-15-5JM0ZBTM3PZN","url":null,"abstract":"Fiscal reforms were central to the comprehensive programme of reforms announced at the Third Plenum of the 18th Party Congress in November 2013, during the first year of the Xi Jinping administration. One of the significant reforms on focus is public financial management (PFM). The urgency of PFM reform can be traced, paradoxically, to the extraordinary growth experienced by the Chinese economy during the first decade of this century, when easy money and weak accountability gave rise to unprecedented waste, corruption, and a mountain of local government debt.","PeriodicalId":115409,"journal":{"name":"Oecd Journal on Budgeting","volume":"79 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-05-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114084247","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2016-03-22DOI: 10.1787/BUDGET-15-5JM2795TV625
Lisa von Trapp, I. Lienert, Joachim Wehner
Independent fiscal institutions serve to promote sound fiscal policy and sustainable public finances. Today IFIs are considered among the most important innovations in the emerging architecture of public financial management. Within the OECD area, their number has more than tripled and is expected to continue to rise. This publication provides a unique set of in depth case studies of IFIs in 18 OECD member countries in light of many of the good practices for effective IFIs identified in the OECD Recommendation on Principles for Independent Fiscal Institutions.
{"title":"Principles for independent fiscal institutions and case studies","authors":"Lisa von Trapp, I. Lienert, Joachim Wehner","doi":"10.1787/BUDGET-15-5JM2795TV625","DOIUrl":"https://doi.org/10.1787/BUDGET-15-5JM2795TV625","url":null,"abstract":"Independent fiscal institutions serve to promote sound fiscal policy and sustainable public finances. Today IFIs are considered among the most important innovations in the emerging architecture of public financial management. Within the OECD area, their number has more than tripled and is expected to continue to rise. This publication provides a unique set of in depth case studies of IFIs in 18 OECD member countries in light of many of the good practices for effective IFIs identified in the OECD Recommendation on Principles for Independent Fiscal Institutions.","PeriodicalId":115409,"journal":{"name":"Oecd Journal on Budgeting","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-03-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121453355","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2016-03-02DOI: 10.1787/BUDGET-15-5JM3RX2Q6MZS
Ian Hawkesworth, Ihssane Loudiyi
Good infrastructure is crucial to a country’s development and continued success. Russia’s developmental goals require new and upgraded infrastructure throughout its territory. Private investment in capital projects will be vital for Russia to meet these goals. To facilitate private investment, the Russian government has embarked on a series of reforms aimed at improving the investment climate and creating a robust institutional framework for private sector participation in concessions and Public-Private Partnerships (PPPs). The OECD’s 2012 Council Recommendation on Principles for Public Governance of Public-Private Partnerships (the PPP Recommendation) aims to support governments facing trade-offs between three demands inherent in a PPP project process. This article provides an overview of the alignment of the policies of the Russian Federation in the area of public governance of PPPs with these recommendations.JEL classification: H41, H54, H57 Keywords: Council recommendations, public private partnerships, Russian Federation, value for money
{"title":"Overview of public governance of public-private partnerships in the Russian Federation","authors":"Ian Hawkesworth, Ihssane Loudiyi","doi":"10.1787/BUDGET-15-5JM3RX2Q6MZS","DOIUrl":"https://doi.org/10.1787/BUDGET-15-5JM3RX2Q6MZS","url":null,"abstract":"Good infrastructure is crucial to a country’s development and continued success. Russia’s developmental goals require new and upgraded infrastructure throughout its territory. Private investment in capital projects will be vital for Russia to meet these goals. To facilitate private investment, the Russian government has embarked on a series of reforms aimed at improving the investment climate and creating a robust institutional framework for private sector participation in concessions and Public-Private Partnerships (PPPs). The OECD’s 2012 Council Recommendation on Principles for Public Governance of Public-Private Partnerships (the PPP Recommendation) aims to support governments facing trade-offs between three demands inherent in a PPP project process. This article provides an overview of the alignment of the policies of the Russian Federation in the area of public governance of PPPs with these recommendations.JEL classification: H41, H54, H57 Keywords: Council recommendations, public private partnerships, Russian Federation, value for money","PeriodicalId":115409,"journal":{"name":"Oecd Journal on Budgeting","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-03-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127274945","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2016-03-02DOI: 10.1787/BUDGET-15-5JM3RX2QBR28
M. Robinson
Aggregate expenditure ceilings are today a feature of budgeting in many OECD countries. They are typically used either to enforce a trend-based expenditure policy, or to gradually reduce the size of government. With the increased popularity of expenditure rules, aggregate ceilings are also required to give effect to these rules. This article focuses on the key design issue of the coverage of aggregate expenditure ceilings – that is, should they cover the totality of government expenditure, or is it legitimate to exclude certain categories of expenditure? It is suggested that the distinction between “determinate” and “indeterminate” expenditure is crucial to properly answering this question. It is also argued that the appropriate coverage of aggregate expenditure ceilings is different during expenditure planning (budget preparation) and during budget execution.JEL classification: E620, H610 Keywords: Expenditure ceilings, top-down budgeting, determinate expenditure, indeterminate expenditure, automatic changes, trend-based expenditure policy, contingency reserve, forecasting margin, sequestration, compensation mechanism, welfare cap
{"title":"The coverage of aggregate expenditure ceilings","authors":"M. Robinson","doi":"10.1787/BUDGET-15-5JM3RX2QBR28","DOIUrl":"https://doi.org/10.1787/BUDGET-15-5JM3RX2QBR28","url":null,"abstract":"Aggregate expenditure ceilings are today a feature of budgeting in many OECD countries. They are typically used either to enforce a trend-based expenditure policy, or to gradually reduce the size of government. With the increased popularity of expenditure rules, aggregate ceilings are also required to give effect to these rules. This article focuses on the key design issue of the coverage of aggregate expenditure ceilings – that is, should they cover the totality of government expenditure, or is it legitimate to exclude certain categories of expenditure? It is suggested that the distinction between “determinate” and “indeterminate” expenditure is crucial to properly answering this question. It is also argued that the appropriate coverage of aggregate expenditure ceilings is different during expenditure planning (budget preparation) and during budget execution.JEL classification: E620, H610 Keywords: Expenditure ceilings, top-down budgeting, determinate expenditure, indeterminate expenditure, automatic changes, trend-based expenditure policy, contingency reserve, forecasting margin, sequestration, compensation mechanism, welfare cap","PeriodicalId":115409,"journal":{"name":"Oecd Journal on Budgeting","volume":"237 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-03-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127789422","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2016-03-02DOI: 10.1787/BUDGET-15-5JM3RX2QBXBQ
Francois Bergere
A public-private partnership (PPP) is a long-term contractual arrangement whereby the government calls on a company or a consortium formed for the purpose to design, build, finance and maintain a structure or facility necessary for its public-service mission. The company or consortium is subsequently remunerated according to the availability and performance of the structure or facility. The remuneration must enable the company or consortium to repay its initial investment and cover the financing costs and the services it provides. In a broad sense PPPs have long existed in France under various names and in various forms, marking the history of the development of the country’s infrastructure networks. In the modern sense, corresponding to the partnership contract (contrat de partenariat now renamed “maches de partenariat” since 2015) created in 2004 and covering all-inclusive government-pay contracts, PPPs have made significant inroads in certain sectors of public management such as social infrastructure (schools, hospitals, prisons, etc.). As a result France topped the European PPP league table in 2011-12, though PPPs remain a niche market overall in relation to the total amount of public procurement. Now, ten years later, it is possible to take stock, in both qualitative and quantitative terms, of projects initiated and carried out. This report aims to show the impact and effects of this new public procurement resource, sector by sector, in facts and figures, and to illustrate the contributions it has made and the feedback it has generated by major type of project and by public-sector initiator, from municipalities to central government agencies. JEL classification: H40, H5, H83 Keywords: Infrastructure, partnership contracts, public private partnerships, public procurement
公私伙伴关系(PPP)是一种长期合同安排，政府要求一家公司或一个财团为其公共服务使命设计、建造、融资和维护必要的结构或设施。公司或财团随后根据结构或设施的可用性和性能获得报酬。报酬必须使公司或财团能够偿还其初始投资，并支付其融资成本和提供的服务。从广义上讲，公私合作在法国早已以各种名称和形式存在，标志着该国基础设施网络发展的历史。从现代意义上讲，与2004年创建的涵盖政府薪酬全包合同的伙伴关系合同(contract de partenariat, 2015年起更名为“maches de partenariat”)相对应，ppp在社会基础设施(学校、医院、监狱等)等公共管理领域取得了重大进展。因此，法国在2011- 2012年的欧洲公私合作伙伴关系排行榜上名列前茅，尽管公私合作伙伴关系总体上与公共采购总额相比仍然是一个利基市场。现在，十年过去了，有可能从质量和数量上对发起和执行的项目进行评估。本报告的目的是用事实和数字逐部门说明这种新的公共采购资源的影响和效果，并说明它所作的贡献和它所产生的反馈，按主要项目类型和公共部门发起者，从市政当局到中央政府机构分列。关键词:基础设施，合作合同，公私合作，公共采购
{"title":"Ten years of PPP: An initial assessment","authors":"Francois Bergere","doi":"10.1787/BUDGET-15-5JM3RX2QBXBQ","DOIUrl":"https://doi.org/10.1787/BUDGET-15-5JM3RX2QBXBQ","url":null,"abstract":"A public-private partnership (PPP) is a long-term contractual arrangement whereby the government calls on a company or a consortium formed for the purpose to design, build, finance and maintain a structure or facility necessary for its public-service mission. The company or consortium is subsequently remunerated according to the availability and performance of the structure or facility. The remuneration must enable the company or consortium to repay its initial investment and cover the financing costs and the services it provides. In a broad sense PPPs have long existed in France under various names and in various forms, marking the history of the development of the country’s infrastructure networks. In the modern sense, corresponding to the partnership contract (contrat de partenariat now renamed “maches de partenariat” since 2015) created in 2004 and covering all-inclusive government-pay contracts, PPPs have made significant inroads in certain sectors of public management such as social infrastructure (schools, hospitals, prisons, etc.). As a result France topped the European PPP league table in 2011-12, though PPPs remain a niche market overall in relation to the total amount of public procurement. Now, ten years later, it is possible to take stock, in both qualitative and quantitative terms, of projects initiated and carried out. This report aims to show the impact and effects of this new public procurement resource, sector by sector, in facts and figures, and to illustrate the contributions it has made and the feedback it has generated by major type of project and by public-sector initiator, from municipalities to central government agencies. JEL classification: H40, H5, H83 Keywords: Infrastructure, partnership contracts, public private partnerships, public procurement","PeriodicalId":115409,"journal":{"name":"Oecd Journal on Budgeting","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-03-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115792592","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2015-10-12DOI: 10.1787/BUDGET-14-5JRW6591FRBW
Chunsoon Kim
Legislative budget institutions are established and operated in different forms according to the various political and social experiences and financial circumstances of each country. Note, however, that research studies on the causes thereof are not only few in number but also focus mostly on the fact that legislative budget institutions are determined according to the “form of government”. In this light, this study establishes the comparison and analysis of the legislative budget institution of each country. The implication of this study is as follows. Firstly, this study approaches the Legislature’s capacity from a comprehensive and three-dimensional point of view in order to compile sub-indices of each legislative budgetary institution index. In other words, this study is to approach the financial authority vested to the Legislature and the Legislature’s capacity to exercise such authority from a comprehensive point of view in measuring such indices. Secondly, the accuracy of indices in this study has been improved by deriving relative weighting for sub-indices of each legislative budgetary institution index through AHP questionnaire surveys and analyses. In other words, AHP analysis can ensure the practicality and accuracy of measurement of indices and present a scheme to compile more universal and relevant indices. It is, however, necessary to consider sub-indices such as elements of legal system and related agencies. Also this study has a limitation in that it fails to fully explain the actual conditions of operation of institutions in the unique political, social, and economic settings of each country. JEL Classification: H11, H50, H83 Keywords: Legislative Budget Institution, Legislative Budget Institution Index, AHP
{"title":"A study on compilation and improvement of indices for legislative budgetary institutions: With focus on comparative analysis of current institutions in 60 countries","authors":"Chunsoon Kim","doi":"10.1787/BUDGET-14-5JRW6591FRBW","DOIUrl":"https://doi.org/10.1787/BUDGET-14-5JRW6591FRBW","url":null,"abstract":"Legislative budget institutions are established and operated in different forms according to the various political and social experiences and financial circumstances of each country. Note, however, that research studies on the causes thereof are not only few in number but also focus mostly on the fact that legislative budget institutions are determined according to the “form of government”. In this light, this study establishes the comparison and analysis of the legislative budget institution of each country. The implication of this study is as follows. Firstly, this study approaches the Legislature’s capacity from a comprehensive and three-dimensional point of view in order to compile sub-indices of each legislative budgetary institution index. In other words, this study is to approach the financial authority vested to the Legislature and the Legislature’s capacity to exercise such authority from a comprehensive point of view in measuring such indices. Secondly, the accuracy of indices in this study has been improved by deriving relative weighting for sub-indices of each legislative budgetary institution index through AHP questionnaire surveys and analyses. In other words, AHP analysis can ensure the practicality and accuracy of measurement of indices and present a scheme to compile more universal and relevant indices. It is, however, necessary to consider sub-indices such as elements of legal system and related agencies. Also this study has a limitation in that it fails to fully explain the actual conditions of operation of institutions in the unique political, social, and economic settings of each country. JEL Classification: H11, H50, H83 Keywords: Legislative Budget Institution, Legislative Budget Institution Index, AHP","PeriodicalId":115409,"journal":{"name":"Oecd Journal on Budgeting","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131091333","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2015-10-12DOI: 10.1787/budget-14-5jrtl4wnm1r5
Nowook Park, Joung-Jin Jang
This paper tries to shed light on the Korean performance budgeting (PB) system by analysing its strength and limitations by utilising the framework of the OECD 2011 PB survey. It provides an overview of the Korean PB system and describes the Korean system based on the OECD survey results. Lastly, current issues of the Korean PB system are discussed including its future directions.JEL classification: H61, H830 Keywords: Performance budgeting, performance information, budgeting, Korea
{"title":"Performance budgeting in Korea: Overview and assessment","authors":"Nowook Park, Joung-Jin Jang","doi":"10.1787/budget-14-5jrtl4wnm1r5","DOIUrl":"https://doi.org/10.1787/budget-14-5jrtl4wnm1r5","url":null,"abstract":"This paper tries to shed light on the Korean performance budgeting (PB) system by analysing its strength and limitations by utilising the framework of the OECD 2011 PB survey. It provides an overview of the Korean PB system and describes the Korean system based on the OECD survey results. Lastly, current issues of the Korean PB system are discussed including its future directions.JEL classification: H61, H830 Keywords: Performance budgeting, performance information, budgeting, Korea","PeriodicalId":115409,"journal":{"name":"Oecd Journal on Budgeting","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114476901","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2015-10-12DOI: 10.1787/BUDGET-14-5JRTL4WNR8ZW
Joseph White
OECD’s Recommendation of the Council on Budgetary Governance makes a substantial contribution to discussion of good budgetary practice by synthesising much common understanding while updating it to recognise some lessons from the experience of the Great Recession. Yet its implicit understanding of the purposes of budget processes has weaknesses both as policy and political analysis. The policy understanding overemphasises the importance of budget totals relative to budget details. The political understanding is as top-down as the policy view. Although budgets might be seen as contracts between citizens and the state, in a representative system they are better seen as treaties among citizens negotiated through politics. The Recommendation barely recognizes the existence of and challenges from political conflict.JEL classification: H00, H60, H61 Keywords: Balance, fiscal policy, information, representation, top-down, United States
{"title":"What are budgeting's purposes?: Comments on OECD's principles of good budgetary governance","authors":"Joseph White","doi":"10.1787/BUDGET-14-5JRTL4WNR8ZW","DOIUrl":"https://doi.org/10.1787/BUDGET-14-5JRTL4WNR8ZW","url":null,"abstract":"OECD’s Recommendation of the Council on Budgetary Governance makes a substantial contribution to discussion of good budgetary practice by synthesising much common understanding while updating it to recognise some lessons from the experience of the Great Recession. Yet its implicit understanding of the purposes of budget processes has weaknesses both as policy and political analysis. The policy understanding overemphasises the importance of budget totals relative to budget details. The political understanding is as top-down as the policy view. Although budgets might be seen as contracts between citizens and the state, in a representative system they are better seen as treaties among citizens negotiated through politics. The Recommendation barely recognizes the existence of and challenges from political conflict.JEL classification: H00, H60, H61 Keywords: Balance, fiscal policy, information, representation, top-down, United States","PeriodicalId":115409,"journal":{"name":"Oecd Journal on Budgeting","volume":"163 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132868856","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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