Role of the Legislature in Budget Processes

Ian Lienert

No 2010/004, IMF Technical Notes and Manuals from International Monetary Fund

Abstract: This paper examines the role of the legislature in budget processes. The paper highlights that for promoting good governance and fiscal transparency, the legislature’s active engagement in the budget process is essential. When fiscal policies and medium-term budgetary objectives are debated in parliament, budget strategies and policies are “owned” more widely. However, more active participation by the legislature runs the risk that fiscal discipline deteriorates. In countries where the legislature has unrestrained budget amendment authority, parliament is prone to introduce changes that increase spending or reduce taxes.

Keywords: TNM; parliament; budget; legislature; Westminster; country; approval; government; executive; accountability; OECD country; government accounting standards Board; OECD government; draft budget proposal; country practice; government social security system; Budget planning and preparation; Fiscal accounting and reporting; External audit; Budget execution and treasury management; Fiscal law; Africa (search for similar items in EconPapers)
Pages: 23
Date: 2010-04-06
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Citations: View citations in EconPapers (3)

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