Purpose: This study delves into the inadequacies of the traditional budgeting process and their role in instigating budgetary slacking behaviour within organisations. It aims to unveil the underlying mechanisms behind this behaviour and provides practical insights for organisational enhancement....

Leveraging insights from the academic literature, this paper discusses the challenges and practical solutions in the planning of public investment projects and illustrates them with survey evidence from the EU Member States. The paper starts with strategic planning, which covers a 10-to-20-year...

Working Document V presents the budget implementation forecast for 2024, information on assigned revenue (implementation in 2023 and estimation for 2025) and a progress report on outstanding commitments (RAL) pursuant to Articles 41(3)(d) and 41(8) of the Financial Regulation

Working Document V presents the budget implementation forecast for 2024, information on assigned revenue (implementation in 2023 and estimation for 2025) and a progress report on outstanding commitments (RAL) pursuant to Articles 41(3)(d) and 41(8) of the Financial Regulation

In February 2024, the European Parliament gave consent to and the Council agreed at unanimity on the first ever mid-term revision of the expenditure ceilings in the multiannual financial framework (MFF), following the Commission's proposal of June 2023. The agreement reached on the mid-term...

This report has been drawn up in accordance with Article 63 of Regulation (EU) 2018/1727 of the European Parliament and of the Council of 14 November 2018 on the EU Agency for Criminal Justice Cooperation (Eurojust) (henceforth, "Eurojust Regulation" or "EJR"), replacing and repealing Council...

This policy brief discusses how the 2021-2027 Multiannual Financial Framework (MFF) and NextGenerationEU contribute to the EU's priorities, including the green transition, digitalisation, and recovery from the COVID-19 pandemic. Despite its substantial impact on the ground, the MFF has...

Working Document II presents information on the human resources of the EU institutions and executive agencies, and in particular for the Commission, both for the establishment plans and for external personnel and across all headings of the multiannual financial framework. Moreover, pursuant to...

This paper presents a detailed analysis of fiscal frameworks across the six Western Balkan economies utilizing a newly compiled dataset based on the European Commission's Fiscal Governance Database. The analysis reveals that although all six Western Balkan countries have implemented some form of...

Gender budgeting is a public financial management (PFM) tool, used to ensure accountability mechanisms. The analysis of "process" indicators of gender-responsive PFM (GRPFM) reveals that India has been successful in integrating a gender lens within the budget cycle, including in the financial...

Pakistan's tight fiscal situation will require strong control over the budget in coming years. This report provides recommendations on steps to strengthen the country's fiscal institutions to deliver a more credible budget, tighten its execution and prevent policy slippages. It also advises on...

The present paper aims to determine what factors affect the success of participatory budgets in Polish cities and what factors affect the size of these budgets. The study covered all 66 cities with powiat rights from 2016 to 2021. A panel data model was used. The first research hypothesis states...

The Executive Board of the International Monetary Fund approved the 2025-27 financial years (FY25-27) medium-term budget. While the global economy has shown resilience to successive adverse shocks, the overall global economic context remains complex with slow and uneven growth, increased...

Public financial management reforms in the Government of South Sudan are proceeding within a challenging environment as the post-civil war recovery remains fragile. As a result, the Ministry of Finance and Planning faces significant challenges in preparing realistic budgets and enforcing...

In the first three months of 2022, federal budget revenues increased by 4.2 p.p. of GDP compared to the same period of the previous year due to oil and gas revenues, reaching 31.2% of the projected annual volume. A moderate increase in federal budget expenditures by 1.5 p.p. of GDP in the first...

Every couple of years, the debt limit shows up to wreak havoc in American law and public finance. By capping the face value of government securities that can be “outstanding at one time,” the statutory limit threatens Treasury’s ability to raise the revenue needed to fund required...

A bill to amend the US EPA Water Infrastructure and Finance Act (WIFIA) loan Program is expected to be introduced in Congress soon. This short bill contains various amendments and directives that will improve the WIFIA Program. One amendment stands out. It involves the federal budgetary...

EU fiscal rules are meant to keep public finances on a sustainable path. This paper presents a new database that tracks numerical compliance with the four main rules of the Stability and Growth Pact starting in 1998. Our assessment of numerical compliance abstracts from the many exceptions and...

Two bills to amend the US EPA Water Infrastructure and Finance Act (WIFIA) loan Program are expected to be in Congress soon. These short bills contain various amendments and directives that will improve the WIFIA Program. One amendment in both stands out. It involves the federal budgetary...

Über dem Haushaltsentwurf der nordrhein-westfälischen Landesregierung für das Jahr 2024 schwebt die Schuldenbremse. Im Grunde kommt das Verbot der strukturellen Neuverschuldung auf Länderebene das erste Mal zum Tragen, nachdem die regulären Grenzen im Zeitraum von 2020 bis 2023 ausgesetzt...

The COVID-19 pandemic, dramatic natural disasters and migration challenges are just a few of the exceptional challenges the EU faced in the last three years. Russia's unprovoked and unjustified war of aggression against Ukraine and the accompanying weaponisation of energy supplies has brought...

Gender budgeting is becoming more important in the budget and budgetary control processes of the European Union (EU). This trend is also apparent in the Member States of the EU. In some Member States gender budgeting is already part of the process, while others are just starting to explore the...

The European Parliament is one of the key advocates of gender mainstreaming - including gender responsive budgeting (GRB) - in the European Union and its Member States. In addition, it has made significant efforts to implement gender mainstreaming in its own political, administrative and...

Working Document V presents the budget implementation forecast for 2023, information on assigned revenue (implementation in 2022 and estimation for 2024) and a progress report on outstanding commitments (RAL) pursuant to Articles 41(3)(d) and 41(8) of the Financial Regulation.

Honduras remains one of the poorest and most unequal countries in the Western Hemisphere. Structural exposure to external shocks and natural hazards go hand in hand with high levels of crime, political instability, and a weak institutional and business environment. These problems have undermined...