Budget System Reform in Transitional Economies: The Experience of Russia

Jack Diamond

No 2002/022, IMF Working Papers from International Monetary Fund

Abstract: This paper stresses the role of budget system reform in economies in transition as an essential basis for the implementation of effective fiscal policies. However, introducing such structural reforms in often unstable economic environments has not proved easy. Using Russia as a case study, the magnitude of the problems faced is documented, and the strategy of reform eventually adopted is critically reviewed. In conclusion, some lessons are drawn for other transitional countries undertaking similar reforms, and the future agenda for completing these reforms in Russia is indicated.

Keywords: WP; budget system; cash management; government accounting; budget execution; budget preparation; management procedure; Budget system reform; Russia; cash resource; government operation; state plan; government activity; resource allocation; core government activity; budget legislation; government transaction; budget classification system; government arrears; system reform; Budget planning and preparation; Budget execution and treasury management; Fiscal accounting and reporting (search for similar items in EconPapers)
Pages: 25
Date: 2002-02-01
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Citations: View citations in EconPapers (1)

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