COST-BENEFIT ANALYSIS OF PERFORMANCE BASED BUDGETING IMPLEMENTATION

Borce Trenovski and Marjan Nikolov

Journal Articles, 2015, 5-44

Abstract: This is the first study which estimates costs and benefits of overall policy reform for implementation of performance based budgeting. Costs estimation is based on a phased implementation, where we consult the Regulatory Impact Assessment methodology. In order to estimate benefits, we use a microeconomic approach to assess technical efficiency (Data Envelopment Analysis-DEA and Stochastic Frontier Analysis-SFA) of the budget users. The estimated benefits are higher than the estimated costs, or for every Macedonian denar invested in this reform an additional 2,600-8,000 Macedonian denars of gross value added in the Macedonian GDP are expected.

Keywords: performance based budgeting; cost–benefit analysis; budget systems; public finance; technical efficiency; Macedonia (search for similar items in EconPapers)
JEL-codes: E62 H11 H61 (search for similar items in EconPapers)
Date: 2015
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http://journal.cea.org.mk/files/journals/1/articles/33/public/33-130-1-PB.pdf (application/pdf)

Related works:
Working Paper: Cost-Benefit Analysis of Performance Based Budgeting Implementation (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:cmk:journl:y:2015:p:5-44

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