Advanced Public Financial Management Reforms in South East Europe

May 1, 2009

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Format: Chicago

Mia Pavesic-Skerlep, and Eivind Tandberg. Advanced Public Financial Management Reforms in South East Europe, (USA: International Monetary Fund, 2009) accessed November 21, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper aims to clarify possible systemic bottlenecks to the introduction of advanced PFM reforms in the SEE countries. It relates key fiscal developments to PFM reform processes over the last 15 years. PFM reform strategies must be realistic, with clear objectives and timetables, and with strong country ownership. Among the advanced reforms, some aspects of medium-term budgeting seems to be somewhat less challenging than performance-oriented budgeting, and it could be rational to make sure that there is solid progress in this area first. When developing performance budgets, countries should consider focusing initial efforts on the areas that are most suitable for performance management, such as education and health.

Subject: Budget planning and preparation, Expenditure, Medium-term budget frameworks, Performance-based budgeting, Public financial management (PFM)

Keywords: Budget negotiations, Budget planning and preparation, Budget process, Budget program, Budget system, Eastern Europe, Medium-term budget frameworks, MTB plan, Performance budget reform, Performance-based budgeting, Program structure, SEE countries government expenditure, SEE country, Southern Europe, WP

Publication Details

Pages:

33
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2009/102
Stock No:

WPIEA2009102
ISBN:

9781451872491
ISSN:

1018-5941

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