Cost-Benefit Analysis of Performance Based Budgeting Implementation

Borce Trenovski and Marjan Nikolov

MPRA Paper from University Library of Munich, Germany

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: H11 H61 H62 (search for similar items in EconPapers)
Date: 2015, Revised 2015
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Published in CEA Journal of Economics 20.10(2015): pp. 5-43

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Related works:
Journal Article: COST-BENEFIT ANALYSIS OF PERFORMANCE BASED BUDGETING IMPLEMENTATION (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:76350

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