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Budget System Reform in Transitional Economies: The Experience of Russia

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  • Jack Diamond
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    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.

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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=15597
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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Working Papers with number 02/22.

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    Length: 24
    Date of creation: 01 Feb 2002
    Date of revision:
    Handle: RePEc:imf:imfwpa:02/22

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    References

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    1. Poterba, James M, 1996. "Budget Institutions and Fiscal Policy in the U.S. States," American Economic Review, American Economic Association, vol. 86(2), pages 395-400, May.
    2. Sergei V. Alexashenko & Augusto López-Claros, 1998. "Fiscal Policy: Issues During the Transition in Russia," IMF Occasional Papers 155, International Monetary Fund.
    3. Era Dabla-Norris & Jorge Martinez-Vazquez & John Norregaard, 2000. "Making Decentralization Work: The Case of Russia, Ukraine, and Kazakhstan," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper0009, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
    4. Lavrov, Aleksei & Litwack, John & Sutherland, Douglas, 2001. "Fiscal federalist relations in Russia: a case for subnational autonomy," MPRA Paper 26537, University Library of Munich, Germany.
    5. von Hagen, Jurgen & Harden, Ian J., 1995. "Budget processes and commitment to fiscal discipline," European Economic Review, Elsevier, vol. 39(3-4), pages 771-779, April.
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    Cited by:
    1. Jack Diamond, 2003. "Performance Budgeting: Managing the Reform Process," IMF Working Papers 03/33, International Monetary Fund.

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