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Fiscal Consolidation in Southeastern European Countries [electronic resource] : The Role of Budget Institutions, Olden, Brian..

Author/Creator:
Olden, Brian.
Publication:
Washington, D.C. : International Monetary Fund, 2012.
Format/Description:
Government document
Book
1 online resource (50 p.)
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 12/113.
IMF Working Papers; Working Paper No. 12/113.
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Local subjects:
Accountability framework. (search)
Accounting standards. (search)
Accumulation of payment arrears. (search)
Actual expenditure. (search)
Aggregate fiscal. (search)
Annual budget. (search)
Annual budget preparation. (search)
Annual budget process. (search)
Annual budgets. (search)
Annual commitment. (search)
Budget. (search)
Budget aggregates. (search)
Budget approval. (search)
Budget authority. (search)
Budget balance. (search)
Budget consolidation. (search)
Budget constraints. (search)
Budget decision. (search)
Budget decisions. (search)
Budget deficit. (search)
Budget deficits. (search)
Budget discussions. (search)
Budget document. (search)
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Budget documents. (search)
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Budget framework. (search)
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Budget margin. (search)
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Budget process. (search)
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Budgets. (search)
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Central budget. (search)
Central government budget. (search)
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Bulgaria. (search)
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Summary:
This paper assesses the relative strengths and weaknesses of fiscal institutions in ten Southeastern European countries, using recent benchmarking methodologies developed by FAD. The assessment evaluates each country’s understanding of the scale of the fiscal adjustment challenge, its ability to develop a credible consolidation strategy, and its capacity to implement the strategy. Key institutional arrangements, are generally in place, including top-down budgeting and medium-term budget frameworks. Other institutional arrangements require further attention, including macro-fiscal forecasting, fiscal risk analysis, setting fiscal objectives, presence and role of independent fiscal agencies, and top-down parliamentary approval.
Notes:
Description based on print version record.
Contributor:
Last, Duncan.
Olden, Brian.
Sateriale, Carla.
Yläoutinen, Sami.
Other format:
Print Version:
ISBN:
1475503342:
9781475503340
ISSN:
1018-5941
Publisher Number:
10.5089/9781475503340.001
Access Restriction:
Restricted for use by site license.