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Rethinking public financial management and budgeting in Greece: time to reboot?

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  • Efi Vraniali
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    Abstract

    This paper addresses the budgeting challenges posed at a national level especially at a time of fiscal crisis and suggests some policy prescriptions to improve the functioning of the Greek public financial system. It focuses on the Public Financial Management and budgeting framework. In that regard, the paper highlights the need for a strategic and comprehensive review of the system as a whole and stresses the importance of a coordinated and phased approach for the overhaul of the various system components. A set of tools and methods for reform is presented and analyzed aiming at a convergence with international best practices over the long run.

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    File URL: http://eprints.lse.ac.uk/29097/
    File Function: Open access version.
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    Bibliographic Info

    Paper provided by London School of Economics and Political Science, LSE Library in its series LSE Research Online Documents on Economics with number 29097.

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    Length: 44 pages
    Date of creation: Jul 2010
    Date of revision:
    Handle: RePEc:ehl:lserod:29097

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    Postal: LSE Library Portugal Street London, WC2A 2HD, U.K.
    Phone: +44 (020) 7405 7686
    Web page: http://www.lse.ac.uk/
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    Related research

    Keywords: Public financial management framework; budgetary procedures; public expenditure; public sector reform;

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    References

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    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    1. Nikolaos Zahariadis, 2007. "Subsidising Europe’s industry: is Greece the exception?," LSE Research Online Documents on Economics 5633, London School of Economics and Political Science, LSE Library.
    2. Christos J. Paraskevopoulos, 2007. "Social Capital and Public Policy in Greece," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 09, Hellenic Observatory, LSE.
    3. Nikolaos Zahariadis, 2007. "Subsidising Europe’s Industry: is Greece the exception?," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 03, Hellenic Observatory, LSE.
    4. Stelios Stavridis, 2007. "Anti-Americanism in Greece: reactions to the 11-S, Afghanistan and Iraq," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 06, Hellenic Observatory, LSE.
    5. Theodoros S. Papaspyrou, 2007. "Economic Policy in EMU: Community Framework and National Strategies – focus on Greece," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 04, Hellenic Observatory, LSE.
    6. Dionyssis G. Dimitrakopoulos, 2007. "Institutions and the implementation of EU public policy in Greece: the case of public procurement," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 02, Hellenic Observatory, LSE.
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