A New Framework
WHO DECIDES THE BUDGET? A POLITICAL ECONOMY ANALYSIS OF THE BUDGET PROCESS, Mark Hallerberg, Carlos Scartascini, & Ernesto Stein, eds., Inter-American Development Bank and David Rockefeller Center, 2009
22 Pages Posted: 7 Feb 2010 Last revised: 9 Mar 2011
Date Written: September 1, 2009
This document presents a new framework for the the study of the political economy of the budget process building on the very profuse available literature on budget processes, fiscal policy, and institutions in Latin America. It adds emphasis to the role of actors, the role of the budget process as facilitator of exchanges in the policymaking process, the differences between formal rules and actual practices, and other relevant budgetary outcomes beyond sustainability.
Keywords: Budget Process, Political Economy, Policymaking, Latin America
JEL Classification: H61, D72, D73
Suggested Citation: Suggested Citation