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Key Aspects of Program Budgeting Implementation in the World and in the Republic of Armenia

Author

Listed:
  • Edgar À. Mkrtchyan

    (Ministry of Finance of the Republic of Armenia, Yerevan 0010, Armenia)

  • Sveta À. Harosyan

    (Ministry of Finance of the Republic of Armenia, Yerevan 0010, Armenia)

  • Gor À. Hakobyan

    (Ministry of Finance of the Republic of Armenia, Yerevan 0010, Armenia)

Abstract

The article focuses on Performance Budgeting (PB), one of the most common reforms of public finance management (PFM) in developing countries over the last years. Result based budgeting reforms aim to move from article control to objectives and results in order to increase accountability and operational efficiency. The introduction to the program budgeting preliminary procedures have started in Armenia since 2003. During 2005–2017 budget instruments and methods, conceptual and methodological issues and challenges have been repeatedly reviewed and approved.

Suggested Citation

  • Edgar À. Mkrtchyan & Sveta À. Harosyan & Gor À. Hakobyan, 2018. "Key Aspects of Program Budgeting Implementation in the World and in the Republic of Armenia," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 4, pages 115-120, August.
    • Handle: RePEc:fru:finjrn:180410:p:115-120
    DOI: 10.31107/2075-1990-2018-4-115-120
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    References listed on IDEAS

    as
    1. Mr. Jack Diamond, 2003. "From Program to Performance Budgeting: The Challenge for Emerging Market Economies," IMF Working Papers 2003/169, International Monetary Fund.
    2. Alesina, Alberto & Perotti, Roberto, 1996. "Fiscal Discipline and the Budget Process," American Economic Review, American Economic Association, vol. 86(2), pages 401-407, May.
    3. Ian Hawkesworth & Knut Klepsvik, 2013. "Budgeting levers, strategic agility and the use of performance budgeting in 2011/12," OECD Journal on Budgeting, OECD Publishing, vol. 13(1), pages 105-140.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    performance budgeting; budget reforms; result based budgeting; improvement of expenditure priorities; performance monitoring; budget process; objectives and results; accountability; transparency;
    All these keywords.

    JEL classification:

    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems

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