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Budgetary Transparency for Public Expenditure Control

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  • Franco Reviglio

Abstract

This paper explains why EMU countries seem unable or unwilling to undertake structural reforms of public expenditure. One of the reasons is political. What public expenditure reforms might be pursued without changing the political system? Without political reforms, technical improvements made to increase budget transparency, such as strengthening budget procedure, integrating accrual into cash accounting, and removing accounting gimmicks, could indirectly affect reforms of public expenditure. Removing gimmicks and helping prevent the emergence of new creative accounting techniques may be a partial substitue for political reforms. Implementation of the Growth and Stability Pact should be dynamically consistent with budgetary transparency. Although other EMU countries resorted as well to budgetary gimmicks to bypass difficult fiscal constraints, the Italian case is used as a reference to clarify these issues. Transparency may help discourage the use of gim micks.

Suggested Citation

  • Franco Reviglio, 2001. "Budgetary Transparency for Public Expenditure Control," IMF Working Papers 01/8, International Monetary Fund.
  • Handle: RePEc:imf:imfwpa:01/8
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    References listed on IDEAS

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    1. Persson, Torsten & Tabellini, Guido, 1999. "The size and scope of government:: Comparative politics with rational politicians," European Economic Review, Elsevier, vol. 43(4-6), pages 699-735, April.
    2. Howell H Zee, 1996. "Taxation and Unemployment," IMF Working Papers 96/45, International Monetary Fund.
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    Cited by:

    1. International Monetary Fund, 2004. "San Marino; Selected Issues and Statistical Appendix," IMF Staff Country Reports 04/256, International Monetary Fund.
    2. Legrenzi, G. & Milas, C., 2004. "Non-linear adjustments in fiscal policy," Working Papers 04/06, Department of Economics, City University London.
    3. Rapacki, Ryszard, 2005. "Fiscal Performance and Fiscal Implications of the EU Accession in Poland," EconStor Conference Papers 130182, ZBW - German National Library of Economics.
    4. Gabriella Deborah Legrenzi & Costas Milas, 2010. "Spend-and-Tax Adjustments and the Sustainability of the Government's Intertemporal Budget Constraint," CESifo Working Paper Series 2926, CESifo Group Munich.
    5. Gyorgy Attila, 2009. "Budget Transparency In Romanian Local Public Sector," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 3(1), pages 218-221, May.

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