IDEAS home Printed from https://ideas.repec.org/a/oec/govkaa/5km36kl2ms7b.html
   My bibliography  Save this article

Budgeting in Lithuania

Author

Listed:
  • Ian Hawkesworth
  • Richard Emery
  • Joachim Wehner
  • Jannick Saegert

Abstract

This report covers the budget process in Lithuania. It discusses the four phases in separate sections: budget preparation, legislative approval, budget execution, and accounting and audit. Each section ends with a list of recommendations. The new strategic planning process should strengthen the policy focus of the budget at the level of the line ministries and could be accompanied by a more robust medium.term fiscal framework. All public.private partnerships (PPPs) should be subject to approval by the Ministry of Finance, and municipal use of PPPs should be closely monitored. Parliament operates a well.designed and orderly review process but parliamentary involvement can be further developed. Budget execution is based on sound rules and procedures, and the full development of the programme structure could be accompanied by more flexibility. The shift towards accruals in accounting and financial reporting will enhance transparency and should strengthen fiscal discipline. JEL classification: H610.

Suggested Citation

  • Ian Hawkesworth & Richard Emery & Joachim Wehner & Jannick Saegert, 2010. "Budgeting in Lithuania," OECD Journal on Budgeting, OECD Publishing, vol. 10(3), pages 1-36.
    • Handle: RePEc:oec:govkaa:5km36kl2ms7b
    DOI: 10.1787/budget-10-5km36kl2ms7b
    as

    Download full text from publisher

    File URL: https://doi.org/10.1787/budget-10-5km36kl2ms7b
    Download Restriction: Full text available to READ online. PDF download available to OECD iLibrary subscribers.
    File URL: https://libkey.io/10.1787/budget-10-5km36kl2ms7b?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Oh, Tick Hui & Chua, Shing Chyi, 2010. "Energy efficiency and carbon trading potential in Malaysia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(7), pages 2095-2103, September.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oec:govkaa:5km36kl2ms7b. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/oecddfr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.