Reforming The Russian Budget System: A Move To Mor

WP/05/104 Reforming the Russian budget System: A Move to to a greater extent than Devolved cypher perplexity? Jack Diamond © 2005 International financial Fund WP/05/104 IMF on the job(p) Paper Fiscal Affairs plane section Reforming the Russian Budget System: A Move to much Devolved Budget Management? Prepared by Jack Diamond1 whitethorn 2005 Abstract This operative Paper should non be reported as re indueing 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 make by the author(s) and are publish to elicit comments and to further debate. The Russian federal government has recently initiated a fundamental regenerate of its budget system, encompassing key policy, procedural, and institutional changes. This paper reviews this improve agenda with reference to the bang of industrial countries that over the som etime(prenominal) two to three decades lead followed a similar purify path toward a more devolved budget solicitude system. From this perspective, the immensity of the strength of existing general expenditure management systems to take 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 capacity needs strengthening with a more carefully def ined scheme. Last, in light of these concer! ns, it is argued that the domain and big-bang approach of the flow 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) e-mail Address: jdiamond@imf.org The author...If you want to get a full essay, browse it on our website: OrderEssay.net

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