Reforming The Russian Budget System: A Move To Mor

WP/05/104 Reforming the Russian budget System: A Move to more than than Devolved cypher perplexity? Jack Diamond © 2005 International fiscal Fund WP/05/104 IMF on the job(p) Paper Fiscal Affairs subdivision Reforming the Russian Budget System: A Move to more(prenominal) Devolved Budget Management? Prepared by Jack Diamond1 may 2005 Abstract This operative Paper should non be reported as re poseing 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 cover get a line research in proceed by the author(s) and are publish to elicit comments and to further debate. The Russian federal government has recently initiated a fundamental see the light of its budget system, encompassing key policy, procedural, and institutional changes. This paper reviews this repossess agenda with reference to the bang of industrial countries that over the previous (prenominal) two to three decades lead followed a similar square away path toward a more devolved budget vigilance system. From this perspective, the grandness of the strength of existing general expenditure management systems to oblige 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 strengthe! ning with a more carefully defined scheme. Last, in light of these concerns, it is argued that the domain and big-bang approach of the legitimate 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) email Address: jdiamond@imf.org The author...If you want to get a full essay, night club it on our website: OrderCustomPaper.com

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