Service Budgets. Moolchand Raghunandan (Lecturer in Accounting). Narendra Ramgulam (M.Sc. Student). Koshina
fiscal rules movement has altered budget practices in the countries that have taken the rules seriously. Fiscal rules are effective only when they are supported by other changes in budgeting including: 0 lengthening the time frame from a single year to the medium term;. 0 baseline projections (or forward estimates) of future
Top-down budgeting emerged in the 1990s as a response to fiscal crisis. Previously, the traditional bottom-up approach to budget formulation had conferred centralised authority for resource allocation on the finance ministry. Then, in an attempt to control the growing fiscal deficits in the. 1990s, the finance ministry only set
Barry Anderson is Head of the Budgeting and Public Expenditures Division of the Public Governance and Territorial Development Directorate, OECD. This article is based on a keynote speech given at an international symposium on “The Changing Role of Parliament in the Budget Process" held at. Afyonkarahisar, Turkey
Performance budgeting and accrual budgeting are analytic tools that provide information and insights which are not available through conventional approaches. But neither innovation is ready for widespread application as a decision rule in the budget process. This article urges fuller understanding of these innovations and
The OECD journal on public sector budgeting, published three times per year. It draws on the best of the recent work of the OECD Working Party of Senior Budget.
Interest in sustainability has been stirred by innovations in accounting and economic analysis such as accrual accounting and budgeting, the application of present value analysis to government budgets, intergenerational accounting, and fiscal gap analysis. None of these is standard budget practice, but some are likely to
OECD Journal on Budgeting. Volume 4, No. 3. LGKI="VYUUW": V olume 4, No. 3. OECD Journal on Budgeting. Special Issue. The Legal. Framework for. Budget Systems. AN INTERNATIONAL. COMPARISON
countries migrate to accrual budgeting but rather a firm view among a number of member countries. Two reasons are most often cited for this. First, an accrual budget is believed to risk budget discipline. The political decision to spend money should be matched with when it is reported in the budget. Only cash provides for
Can an accrual budgeting system – a system in which budgetary spending authorisations to line ministries are formulated in accrual terms – serve the needs of good fiscal policy? If so, how must such a system be designed? This article addresses these questions and also considers the case for reformulating fiscal policy.

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January 2025