Budget Institutions in Low-Income Countries: Lessons from G-20

36 Pages Posted: 3 Oct 2014

See all articles by Sanjeev Gupta

Sanjeev Gupta

International Monetary Fund (IMF) - Fiscal Affairs Department

Sami Yläoutinen

affiliation not provided to SSRN

Date Written: September 2014

Abstract

This paper presents twelve budget institutions that can support planning and delivery ofcredible fiscal strategies in the fiscal policy-making process. The resulting framework is applied to seven low-income countries and the status of their budget institutions compared to the G-20 advanced and emerging market economies. The paper then presents recommendations for designing and implementing appropriate fiscal strategy for low- income countries. Particular attention is paid to prioritization and sequencing of reformefforts.

Keywords: Budgets, Budgeting, Fiscal policy, Budget execution, Fiscal reforms, Low-income developing countries, Group of Twenty, Cross country analysis, Low Income Countries, Budget Institutions, Budget Reforms, fiscal strategy, fiscal outlook, fiscal objectives, fiscal reporting, budget process, annual budget, fiscal strategies, fiscal aggregates, fiscal forecasting, fiscal outcomes, budgetary institutions, fiscal performance, fiscal discipline, fiscal agencies, fiscal arrangements, fiscal risks, fiscal frameworks, public finances, intergovernmental fiscal arrangements, intergovernmental fiscal, fiscal position, central government expenditure, government expenditure, expenditure cuts, fiscal statisti

JEL Classification: H60, H61, H83

Suggested Citation

Gupta, Sanjeev and Yläoutinen, Sami, Budget Institutions in Low-Income Countries: Lessons from G-20 (September 2014). IMF Working Paper No. 14/164, Available at SSRN: https://ssrn.com/abstract=2504951

Sanjeev Gupta

International Monetary Fund (IMF) - Fiscal Affairs Department ( email )

700 19th Street, NW
Washington, DC 20431
United States

Sami Yläoutinen

affiliation not provided to SSRN

No Address Available

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