The Reform of Public Expenditure Management Systems in OECD Countries

24 Pages Posted: 25 Mar 2012

See all articles by Jón Blöndal

Jón Blöndal

Organization for Economic Co-Operation and Development (OECD)

Date Written: March 31, 2005

Abstract

Blőndal examines the key institutional features in the reform of public expenditure management systems in OECD countries. He notes that the countries which are experiencing the best fiscal outcomes are generally those that have more successfully modernized their budget processes. The paper identifies the most relevant aspects for the control of public expenditure: the use of medium-term frameworks, prudent economic assumptions and top-down budgeting techniques; the relaxation of central input controls; the focus on results; the emphasis on budgetary transparency and the introduction of modern financial management practices concerning, inter alia, accruals, capital charges, carry-overs of unused appropriations and interest-bearing accounts. The paper examines the benefits and the problematic aspects of each of these factors and stresses that they must be taken as a package.

Suggested Citation

Blöndal, Jón, The Reform of Public Expenditure Management Systems in OECD Countries (March 31, 2005). Available at SSRN: https://ssrn.com/abstract=2028366 or http://dx.doi.org/10.2139/ssrn.2028366

Jón Blöndal (Contact Author)

Organization for Economic Co-Operation and Development (OECD) ( email )

2 rue Andre Pascal
Paris Cedex 16, 75775
France

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