Reforming The Russian Budget System: A Move To Mor

WP/05/104 Reforming the Russian budget System: A Move to much than Devolved cypher perplexity? Jack Diamond © 2005 International fiscal Fund WP/05/104 IMF on the job(p) Paper Fiscal Affairs segment Reforming the Russian Budget System: A Move to more than Devolved Budget Management? Prepared by Jack Diamond1 whitethorn 2005 Abstract This operative Paper should non be reported as re set uping the views of the IMF. The views convey in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working text file get a line research in keep by the author(s) and are publish to elicit comments and to further debate. The Russian federal government has recently initiated a fundamental remediate of its budget system, encompassing key policy, procedural, and institutional changes. This paper reviews this right agenda with reference to the bang of industrial countries that over the recent two to three dec ades lead followed a similar crystallise path toward a more devolved budget centering system. From this perspective, the impressiveness of the strength of existing general expenditure management systems to moderate increased devolution and the sphere for employing decentralized agencies is explored.

An assessment of the present Russian reform plans in light of this review reveals a number of concerns. First, the speed of the reforms contemplated appears as well ambitious when judged by the experience of other countries. Second, the preparedness of budget institutions is questionable. Third, change management c apacity needs strengthening with a more gua! rdedly defined schema. Last, in light of these concerns, it is argued that the domain and big-bang approach of the flowing reform plans may need reformulation into a more sequenced strategy with clearer reform priorities. JEL Classification Numbers: E6, D7, P2 Keywords: Budget Reform, Performance Budgeting, Russia Author(s) electronic mail Address: jdiamond@imf.org The author...If you want to get a full essay, sight it on our website: OrderCustomPaper.com

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