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Performance Budgeting; Managing the Reform Process

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  • Jack Diamond

Abstract

This paper reviews the role of accounting in budget system reform from the perspective of emerging economies who wish to adopt the OECD's performance budgeting reforms. While many OECD countries, pursuing the reforms associated with the New Public Management, have moved their accounting systems from a cash to an accrual basis, this paper argues that given the costs involved, such a move is perhaps only worthwhile in the context of adopting much wider public sector management reforms. Moreover, while recognizing that accrual accounting does support public expenditure management best practices, it is also argued that many of the objectives of performance-oriented budgeting can be attained by less than full accrual accounting, and that unless certain preconditions are met it is safer for countries to remain with, and improve, their cash-based accounting systems. For those countries with sound enough cash-based systems the paper describes a possible phased approach to the introduction of accruals, as well as the parallel stages of adopting the new international GFSM 2001 reporting requirements.

Suggested Citation

  • Jack Diamond, 2003. "Performance Budgeting; Managing the Reform Process," IMF Working Papers 03/33, International Monetary Fund.
  • Handle: RePEc:imf:imfwpa:03/33
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    1. Jack Diamond, 2002. "Budget System Reform in Transitional Economies; The Experience of Russia," IMF Working Papers 02/22, International Monetary Fund.
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    1. repec:dau:papers:123456789/4532 is not listed on IDEAS
    2. Tara Bedi & Aline Coudouel & Marcus Cox & Markus Goldstein & Nigel Thornton, 2006. "Beyond the Numbers : Understanding the Institutions for Monitoring Poverty Reduction Strategies," World Bank Publications, The World Bank, number 7125.
    3. Sandrine Mesplé-Somps & Marc Raffinot, 2003. "Réforme budgétaire et gestion par les objectifs dans les pays à faible revenu : les exemples du Burkina-Faso et du Mali," Working Papers DT/2003/13, DIAL (Développement, Institutions et Mondialisation).
    4. Anwar Shah, 2008. "Macro Federalism and Local Finance," World Bank Publications, The World Bank, number 6453.
    5. Alessandro Giosi & Silvia Testarmata & Sandro Brunelli & Bianca Staglianò, 2012. "Does the Quality of Public Finance Enhance Fiscal Discipline in the European Union? A Cross-Country Analysis," DSI Essays Series, DSI - Dipartimento di Studi sull'Impresa, vol. 21.
    6. Sergii SLukhai, 2011. "Monitoring and evaluation as tools for enhancing public expenditure management in Ukraine," Financial Theory and Practice, Institute of Public Finance, vol. 35(2), pages 217-239.

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