Budget System Reform in Emerging Economies: The Challenges and the Reform Agenda

Business & Finance, Economics, Public Finance, Finance & Investing, Banks & Banking, Macroeconomics
Cover of the book Budget System Reform in Emerging Economies: The Challenges and the Reform Agenda by Jack Mr. Diamond, INTERNATIONAL MONETARY FUND
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Author: Jack Mr. Diamond ISBN: 9781452789682
Publisher: INTERNATIONAL MONETARY FUND Publication: April 21, 2006
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: Jack Mr. Diamond
ISBN: 9781452789682
Publisher: INTERNATIONAL MONETARY FUND
Publication: April 21, 2006
Imprint: INTERNATIONAL MONETARY FUND
Language: English
With increasing frequency, the IMF has assisted middle-income countries, especially emerging economies, in adopting the types of budget reforms that have been introduced in many Organization for Economic Cooperation and Development (OECD) countries - reforms that emphasize performance and results achieved from the use of public resources. This paper examines the experience of OECD countries in introducing such reforms and assesses whether the same reform strategy be applied to non-OECD countries. It examines how emerging economies should begin such reforms, and how they should be sequenced thereafter. Based on a thorough review of the technical assistance provided by the IMF's Fiscal Affairs Department (FAD) to middle-income countries, this paper will be useful to policymakers and administrators in emerging economies who are contemplating such reforms.
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With increasing frequency, the IMF has assisted middle-income countries, especially emerging economies, in adopting the types of budget reforms that have been introduced in many Organization for Economic Cooperation and Development (OECD) countries - reforms that emphasize performance and results achieved from the use of public resources. This paper examines the experience of OECD countries in introducing such reforms and assesses whether the same reform strategy be applied to non-OECD countries. It examines how emerging economies should begin such reforms, and how they should be sequenced thereafter. Based on a thorough review of the technical assistance provided by the IMF's Fiscal Affairs Department (FAD) to middle-income countries, this paper will be useful to policymakers and administrators in emerging economies who are contemplating such reforms.

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