Budget System Reform in Transitional Economies: The Experience of Russia

26 Pages Posted: 30 Jan 2006

See all articles by Jack Diamond

Jack Diamond

International Monetary Fund (IMF) - Fiscal Affairs Department

Date Written: February 2002

Abstract

This paper stresses the role of budget system reform in economies in transition as an essential basis for the implementation of effective fiscal policies. However, introducing such structural reforms in often unstable economic environments has not proved easy. Using Russia as a case study, the magnitude of the problems faced is documented, and the strategy of reform eventually adopted is critically reviewed. In conclusion, some lessons are drawn for other transitional countries undertaking similar reforms, and the future agenda for completing these reforms in Russia is indicated.

Keywords: Budget system reform, Russia

JEL Classification: E6, D7, P2

Suggested Citation

Diamond, Jack, Budget System Reform in Transitional Economies: The Experience of Russia (February 2002). IMF Working Paper, Vol. , pp. 1-26, 2002. Available at SSRN: https://ssrn.com/abstract=879366

Jack Diamond (Contact Author)

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

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

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