Advanced Public Financial Management Reforms in South East Europe

35 Pages Posted: 1 Jun 2009

See all articles by E. Tandberg

E. Tandberg

International Monetary Fund (IMF) - Fiscal Affairs Department

Mia Pavesic-Skerlep

International Monetary Fund (IMF)

Date Written: May 2009

Abstract

This paper aims to clarify possible systemic bottlenecks to the introduction of advanced PFM reforms in the SEE countries. It relates key fiscal developments to PFM reform processes over the last 15 years. PFM reform strategies must be realistic, with clear objectives and timetables, and with strong country ownership. Among the advanced reforms, some aspects of medium-term budgeting seems to be somewhat less challenging than performance-oriented budgeting, and it could be rational to make sure that there is solid progress in this area first. When developing performance budgets, countries should consider focusing initial efforts on the areas that are most suitable for performance management, such as education and health.

Keywords: Budgetary policy, Budgeting, Budgets, Cross country analysis, Financial management, Fiscal policy, Fiscal reforms, Fiscal sector, Government expenditures, Public finance, Southern Europe

Suggested Citation

Tandberg, E. and Pavesic-Skerlep, Mia, Advanced Public Financial Management Reforms in South East Europe (May 2009). IMF Working Paper No. 09/102, Available at SSRN: https://ssrn.com/abstract=1408885

E. Tandberg

International Monetary Fund (IMF) - Fiscal Affairs Department ( email )

700 19th Street, NW
Washington, DC 20431
United States

Mia Pavesic-Skerlep (Contact Author)

International Monetary Fund (IMF)

700 19th Street, N.W.
Washington, DC 20431
United States

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