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Rethinking Public Financial Management and Budgeting in Greece: time to reboot?

  • Efi Vraniali
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    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://www.lse.ac.uk/europeanInstitute/research/hellenicObservatory/pdf/GreeSE/GreeSE37.pdf
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    Paper provided by Hellenic Observatory, LSE in its series GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe with number 37.

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    Date of creation: Jul 2010
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    Handle: RePEc:hel:greese:37
    Contact details of provider: Postal: Houghton Street, London WC2A 2AE
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    Web page: http://www.lse.ac.uk/europeanInstitute/research/hellenicObservatory/

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    1. 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.
    2. Nikolaos Zahariadis, 2007. "Subsidising Europe’s Industry: is Greece the exception?," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 03, Hellenic Observatory, LSE.
    3. Christos J. Paraskevopoulos, 2007. "Social Capital and Public Policy in Greece," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 09, Hellenic Observatory, LSE.
    4. Max Watson, 2007. "Growing Together? – Prospects for Economic Convergence and Reunification in Cyprus," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 07, Hellenic Observatory, LSE.
    5. 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.
    6. Vassilis Monastiriotis & Achilleas Tsamis, 2007. "Greece’s new Balkan Economic Relations: policy shifts but no structural change," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 01, Hellenic Observatory, LSE.
    7. 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.
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