Reforming Budget System Laws

Israel Fainboim Yaker and Ian Lienert

No 2010/001, IMF Technical Notes and Manuals from International Monetary Fund

Abstract: 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.

Keywords: TNM; draft budget law; budget law discussion; government regulation; budget authority; budget principle; budget system law reform executive legislature; budget system; budget responsibility; year-end budget report; multiyear budget agreement; minister of finance; draft BSL; government decree; system law; annual budget law; budget manager; Budget planning and preparation; Fiscal law; Budget execution and treasury management; Fiscal accounting and reporting (search for similar items in EconPapers)
Pages: 20
Date: 2010-02-03
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Citations: View citations in EconPapers (3)

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