Managing Budgetary Virements /

Virements are useful instruments of budget flexibility. If carried out transparently and within accepted limits, virements can promote expenditure efficiency. Large, unregulated virements can undermine budget credibility and the budget's relevance as principal policy and financial planning inst...

Mô tả đầy đủ

Chi tiết về thư mục
Tác giả chính: Saxena, Sandeep
Tác giả khác: Ylaoutinen, Sami
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 2016.
Loạt:Technical Notes and Manuals; Technical Notes and Manuals ; No. 2016/004
Truy cập trực tuyến:Full text available on IMF
Miêu tả
Tóm tắt:Virements are useful instruments of budget flexibility. If carried out transparently and within accepted limits, virements can promote expenditure efficiency. Large, unregulated virements can undermine budget credibility and the budget's relevance as principal policy and financial planning instrument. This note defines virements, clarifies their purpose, and specifies what general and country-specific considerations should guide the design of a virement framework. The note argues that countries should design virement policies maintaining balance between their budget flexibility and accountability needs, and keeping in view the legal-cultural environment and the state of development of their public financial management.
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Mô tả vật lý:1 online resource (24 pages)
Định dạng:Mode of access: Internet
số ISSN:2075-8669
Truy cập:Electronic access restricted to authorized BRAC University faculty, staff and students