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Budget Institutions in Low-Income Countries: Lessons from G-20

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  • Mr. Sanjeev Gupta
  • Mr. Sami Yläoutinen

Abstract

This paper presents twelve budget institutions that can support planning and delivery of credible fiscal strategies in the fiscal policy-making process. The resulting framework is applied to seven low-income countries and the status of their budget institutions compared to the G-20 advanced and emerging market economies. The paper then presents recommendations for designing and implementing appropriate fiscal strategy for low- income countries. Particular attention is paid to prioritization and sequencing of reform efforts.

Suggested Citation

  • Mr. Sanjeev Gupta & Mr. Sami Yläoutinen, 2014. "Budget Institutions in Low-Income Countries: Lessons from G-20," IMF Working Papers 2014/164, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2014/164
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    References listed on IDEAS

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    7. International Monetary Fund, 1996. "Budget Processes and Commitment to Fiscal Discipline," IMF Working Papers 1996/078, International Monetary Fund.
    8. Paolo Renzio, 2013. "Assessing and Comparing the Quality of Public Financial Management Systems: Theory, History and Evidence," Palgrave Macmillan Books, in: Richard Allen & Richard Hemming & Barry H. Potter (ed.), The International Handbook of Public Financial Management, chapter 7, pages 137-160, Palgrave Macmillan.
    9. Jakob de Haan & Wim Moessen & Bjom Volkerink, 1999. "Budgetary Procedures-Aspects and Changes: New Evidence for Some European Countries," NBER Chapters, in: Fiscal Institutions and Fiscal Performance, pages 265-300, National Bureau of Economic Research, Inc.
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    Citations

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    Cited by:

    1. Afonso, António & Jalles, João Tovar, 2020. "Stock flow adjustments in sovereign debt dynamics: The role of fiscal frameworks," International Review of Economics & Finance, Elsevier, vol. 65(C), pages 1-16.
    2. Oksana Bolduieva & Olena Bogma, 2017. "Budgetary Safety Passport As A Tool For Improving An Analytical Component Of Ensuring Country'S Budgetary Safety," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 3(2).
    3. Afonso, António & Huart, Florence & Tovar Jalles, João & Stanek, Piotr, 2022. "Twin deficits revisited: A role for fiscal institutions?," Journal of International Money and Finance, Elsevier, vol. 121(C).
    4. António Afonso & João Tovar Jalles, 2019. "Stock flow adjustments in sovereign debt dynamics: the role of fiscal frameworks," EconPol Working Paper 20, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    5. Ms. Corinne C Delechat & Ms. Ejona Fuli & Mrs. Dafina Glaser & Mr. Gustavo Ramirez & Rui Xu, 2015. "Exiting From Fragility in sub-Saharan Africa: The Role of Fiscal Policies and Fiscal Institutions," IMF Working Papers 2015/268, International Monetary Fund.
    6. Ray, Nikhil. & Velasquez, Agustin. & Islam, Iyanatul,, 2015. "Fiscal rules, growth and employment : a developing country perspective," ILO Working Papers 994881313402676, International Labour Organization.
    7. Falilou Fall & Debra Bloch & Jean-Marc Fournier & Peter Hoeller, 2015. "Prudent debt targets and fiscal frameworks," OECD Economic Policy Papers 15, OECD Publishing.
    8. Corinne Deléchat & Ejona Fuli & Dafina Mulaj & Gustavo Ramirez & Rui Xu, 2018. "Exiting from Fragility in Sub‐Saharan Africa: The Role of Fiscal Policies and Fiscal Institutions," South African Journal of Economics, Economic Society of South Africa, vol. 86(3), pages 271-307, September.
    9. repec:ilo:ilowps:488131 is not listed on IDEAS

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