Budget Institutions and Fiscal Performance in Low-Income Countries [electronic resource] Gollwitzer, Sophia.
- Washington, D.C. : International Monetary Fund, 2010.
- IMF eLibrary
IMF Working Papers; Working Paper No. 10/80.
IMF Working Papers; Working Paper No. 10/80
- Government document
1 online resource (56 p.)
- Local subjects:
- Accountability mechanisms.
Aggregate fiscal discipline.
Allocating public resources.
Annual budget process.
Budget formulation process.
Central government expenditure.
Central government expenditures.
Central government spending.
Fiscal affairs department.
Fiscal affairs departments.
Fiscal policy responses.
Fragmented fiscal policy.
International accounting standards.
Low-income developing countries.
Medium-term budgetary frameworks.
National fiscal rules.
Open budget preparation.
Primary fiscal balance.
Public financial management.
Congo, Democratic Republic of the.
Congo, Republic of.
- This paper presents, for the first time, multi-dimensional indices of the quality of budget institutions in low-income countries. The indices allow for benchmarking against the performance of middle-income countries, across regions, and according to different institutional arrangements that deliver good fiscal performance. Using the constructed indices, the paper provides preliminary empirical support for the hypotheses that strong budget institutions help improve fiscal balances and public external debt outcomes; and countries with stronger fiscal institutions have better scope to conduct countercyclical policies.
- Description based on print version record.
- Allen, Richard.
Lledo, Victor Duarte.
- Other format:
- Print Version:
- Publisher Number:
- Access Restriction:
- Restricted for use by site license.
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