This paper addresses issues relating to the establishment and financial management of extrabudgetary funds (EBFs), a large group of government entities that on average accounts for 40 to 45 percent of central government expenditure-two-thirds of which represents social security funds-in...

Intro -- Contents -- I. INTRODUCTION -- II. DEFINITION, DATA, CLASSIFICATION, AND TYPOLOGY OF EBFS -- III. WHY DO EBFS EXIST? -- IV. THE PROBLEMS CREATED BY EBFS -- V. CRITERIA FOR EVALUATING AND REFORMING EBFS -- VI. IMPLICATIONS FOR THE ANALYSIS OF FISCAL POLICIES AND PUBLIC FINANCIAL...

This paper addresses issues relating to the establishment and financial management of extrabudgetary funds (EBFs), a large group of government entities that on average accounts for 40 to 45 percent of central government expenditure-two-thirds of which represents social security funds-in...