Reforming Budget System Laws
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Summary:
This paper discusses the need for reforming budget system laws (BSLs). The outcomes of the budget process depend heavily on whether there are clear rules for formulating, executing, and reporting on the annual budget, as well as a clear statement of medium-term fiscal policy objectives. These rules are usually specified in a BSL. This paper analyzes the relationship between the BSL, the constitution, and the wider legal framework. It also discusses how a BSL should be adapted to a country’s political arrangements.
Series:
Technical Notes and Manuals No. 2010/001
Subject:
Budget execution and treasury management Budget planning and preparation Expenditure Fiscal accounting and reporting Fiscal law Fiscal policy Fiscal rules Public financial management (PFM)
Notes:
Full text also available in Spanish
English
Publication Date:
February 3, 2010
ISBN/ISSN:
9781462394937/2075-8669
Stock No:
TNMEA2010001
Pages:
20
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