Budget System Reform in Transitional Economies The Case of the Former Yugoslav Republics

39 Pages Posted: 15 Feb 2006

See all articles by Jack Diamond

Jack Diamond

International Monetary Fund (IMF) - Fiscal Affairs Department

Duncan Last

affiliation not provided to SSRN

Date Written: December 2003

Abstract

For the republics of the former Socialist Federal Republic of Yugoslavia (SFRY) as for many other transition economies, an important step in introducing a more market-oriented system was the restructuring of their budget systems. This paper reviews and evaluates the process of budget system reform during the transition period extending from the time they emerged from the collapse of the SFRY in 1989 until the end of 2002. For at least a decade of this period, the Fiscal Affairs Department of the IMF has been providing technical assistance (TA) to these countries to facilitate such reforms. Based on the material generated by this effort, the authors offer a review of the progress made and an assessment of the reform elements still to be completed. Given that the former Yugoslav republics all commenced the reform process with the same institutions, this paper offers a unique opportunity to analyze the critical elements in successful budget system reform. An attempt is made to explain the varying degrees of success experienced by different countries, and a reform agenda is suggested to guide future TA.

Keywords: Budget Reform Yugoslavia

JEL Classification: H1 D7 P2 H5

Suggested Citation

Diamond, Jack and Last, Duncan, Budget System Reform in Transitional Economies The Case of the Former Yugoslav Republics (December 2003). IMF Working Paper, Vol. , pp. 1-39, 2003. Available at SSRN: https://ssrn.com/abstract=880957

Jack Diamond (Contact Author)

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

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

Duncan Last

affiliation not provided to SSRN

No Address Available

Register to save articles to
your library

Register

Paper statistics

Downloads
66
Abstract Views
463
rank
339,626
PlumX Metrics