The COVID-19 pandemic has put immense pressure on the fiscal situation. Central revenues have decelerated while expenditures had to be increased to facilitate economic recovery. Local governments faced even harder challenges as intergovernmental transfers were reduced and room for mobilizing...

Independent fiscal councils are claimed to mitigate political failures in fiscal policymaking and increase fiscal performance. However, to influence and persuade policymakers these watchdog councils need to have access at different stages of the budget process. This paper examines the extent to...

The Chancellor should resist calls to ramp up spending and focus instead on reducing the burden of tax and regulation. The economy has weathered the initial shock of Brexit much better than most had expected. Unemployment has continued to fall and inflation should peak soon, easing the pressure...

Well-known finances in Iraq trusted oil revenues to finance elements of spending accounting for a huge proportion of among (94-97%) of the whole public sales predicted, posing a danger to the overall Iraqi financial system to hyperlink oil costs, foreign currency and its impact by using making...

Interest politics, as opposed to party politics, make fixing Illinois’ budget problems very complex and difficult. All people and businesses have multiple and overlapping interests in what the state does. Thinking about broad and narrow interests, helps understand them. Broad interests are...

Women in India are relatively disadvantaged and they enjoy somewhat a lower status than men in spite of the various measures and efforts taken by different governments. Gender gap still exists regarding their access to education and employment. The most recent way out suggested nationally as...

International development institutions frequently prescribe improving public financial management (PFM) as part of the response to lowering corruption levels in low- and middle-income countries. But to date, there has been little cross-country analysis on whether better PFM is associated with...

Gender budgeting is a concept which studies, analyses and proposes approaches for inequity issues regarding the process of discrepancies of budgeting between men and women. Although it is considered a feminist policy to achieve equal opportunities for both genders, in the fields of the...

The current paper presents a method of deciding the question of whether any given stage in the budget process is an example of the "political" or the "bureaucratic" model. We then use it to study local government spending on education. The basis for our method is the important difference between...

By discussing the available theoretical and empirical literature, this paper argues that budget procedures and budget institutions do influence budget outcomes. Budget institutions include both procedural rules and balanced budget laws. We critically assess theoretical contributions in this area...

The design of budget rules and institutions, long a neglected area in public finance and macroeconomics, has recently been thrust to center stage by the debate over a balanced budget amendment and other deficit-reduction measures in the United States. This paper describes the existing evidence...

Zimbabwe is one of the least fiscally performing countries in Sub-Saharan Africa, with some fiscal outcomes for years 2009 to 2019 being unsatisfactory. The IMF 2020 Article IV consultation report on Zimbabwe suggested that fiscal and monetary slippages experienced in 2018 and 2019 resulted in...

World experience shows that public participation in the budget process and openness in the public sector are the necessary conditions for a proper economic strategy of the State. Financial openness contributes to the efficient collection and distribution of public resources. It expands the...

This festschrift celebrates the extensive contribution John Wanna has made to the research and practice of politics, policy and public administration. It includes both personal acknowledgements of his work and substantial essays on the issues that he focused most closely upon during his academic...

Die Corona-Pandemie belastet den Haushalt des Landes Nordrhein-Westfalen auch im kommenden Jahr. Das Ausrufen einer Notsituation für 2022 und damit das Aussetzen des regulären Verbots einer Nettoneuverschuldung ist nachvollziehbar und kann die wirtschaftliche Erholung stützen.

Mindestens 15 Milliarden Euro Neuverschuldung tragen nichts zur Bekämpfung der Pandemiefolgen bei. Zu diesem Ergebnis kommt das Institut für Weltwirtschaft (IfW Kiel) in einem Gutachten für die Initiative Neue Soziale Marktwirtschaft (INSM). Hätte der Bundestag bei der Verabschiedung des...

This paper argues that investing in public institutions and goods are the best tool for shielding the economy against events similar to Covid-19 because private agents cannot foresee extremely unlikely events and there are markets where informational problems are pervasive. This is even more...

At nine months-end 2020, the federal budget revenues contracted by Rb1,818.6 bn and expenditures went up by Rb3,040.9 bn against the same period of the previous year; the budget has been executed with a deficit to the tune of Rb1,773.3 bn. Contraction of revenues and ramping up of expenditures...

This paper uses cross-section data on the U.S. states to test the hypothesis that budgeting and borrowing rules affect the level and composition of public spending. It employs a 1963 data set with detailed information on state capital budgeting practices to compare capital spending in states...

Although the development of punctuated equilibrium theory (PET) makes broad reference to the bureaucratic procedures that regulate budgetary decision-making and makes reasonable assumptions about the influence that those procedures have on the dynamic of resource allocation, little is known...

This paper aims to analysis and evaluate of an organization’s budgetary control system and its links with performance management and decision making. So, it tries to evaluate the relation of budgetary control system with the actual performance and taking decisions accordingly. The researcher...

The purpose of the paper was to make an in-depth analysis of the budget system and the way the budget process is organized and in the Republic of Moldova, the principles and laws according to which the budget activity is realized, to make the quantitative and qualitative analysis the evolution...

It is challenging for governments to transfer public spending into successful public programs and projects. Additionally, good governance of the public financial system is essential for economic and human development. The author suggested a model to evaluate the efficiency of public spending...

The basic indicators of manufacturing industry’s level of development are still at an unenviable level, although it provides the majority of tradable goods of Serbian economy and has the most significant share in gross domestic product. This state of the manufacturing industry in Serbia is the...

The sustainable development of the local self-government institute in modern democracies, the introduction of the principles of subsidiarity, regionalization and decentralization show a clear need for implementing the systemic reforms aimed at strengthening local initiatives in Ukraine....

In this paper, we analyze the impact fiscal policy rules have on budget deficits and forecasting biases in official budget outlooks. Persistent budget deficits and over-optimistic budget forecasts have been observed in many countries in the past, especially in the euro area. To prevent such...

Some organizations have abandoned traditional annual budgeting and instead use an alternate approach known as Beyond Budgeting (BB). Our study presents the results of an exploratory analysis comparing 80 organizations that have implemented at least some of the BB practices to a group of 121...

Using a sample of the 48 contiguous United States, we consider the problem of forecasting state and local governments' revenues and expenditures in real time using models that feature mixed-frequency data. We find that single-equation mixed data sampling (MIDAS) regressions that predict...