Budget Institutions in Low-Income Countries: Lessons from G-20

Sanjeev Gupta and Sami Yläoutinen

No 2014/164, IMF Working Papers from International Monetary Fund

Abstract: This paper presents twelve budget institutions that can support planning and delivery of credible fiscal strategies in the fiscal policy-making process. The resulting framework is applied to seven low-income countries and the status of their budget institutions compared to the G-20 advanced and emerging market economies. The paper then presents recommendations for designing and implementing appropriate fiscal strategy for low- income countries. Particular attention is paid to prioritization and sequencing of reform efforts.

Keywords: WP; budget; country; procedure; orientation debate; budget institution; government; low-income country; Low Income Countries; Budget Institutions; Budget Reforms; budget execution procedure; budget unity; country group; Budget planning and preparation; Macroeconomic and fiscal forecasts; Medium-term budget frameworks; Budget execution and treasury management; Africa (search for similar items in EconPapers)
Pages: 35
Date: 2014-09-11
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Citations: View citations in EconPapers (10)

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