Role of the Legislature in Budget Processes /

This paper examines the role of the legislature in budget processes. The paper highlights that for promoting good governance and fiscal transparency, the legislature's active engagement in the budget process is essential. When fiscal policies and medium-term budgetary objectives are debated in...

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Bibliografski detalji
Glavni autor: Lienert, Ian
Format: Žurnal
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2010.
Serija:Technical Notes and Manuals; Technical Notes and Manuals ; No. 2010/004
Online pristup:Full text available on IMF
Opis
Sažetak:This paper examines the role of the legislature in budget processes. The paper highlights that for promoting good governance and fiscal transparency, the legislature's active engagement in the budget process is essential. When fiscal policies and medium-term budgetary objectives are debated in parliament, budget strategies and policies are 'owned' more widely. However, more active participation by the legislature runs the risk that fiscal discipline deteriorates. In countries where the legislature has unrestrained budget amendment authority, parliament is prone to introduce changes that increase spending or reduce taxes.
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Opis:1 online resource (23 pages)
Format:Mode of access: Internet
ISSN:2075-8669
Pristup:Electronic access restricted to authorized BRAC University faculty, staff and students