Reforming The Russian Budget System: A Move To Mor

WP/05/104 Reforming the Russian budget System: A Move to more than than Devolved cypher perplexity? Jack Diamond © 2005 International financial Fund WP/05/104 IMF on the job(p) Paper Fiscal Affairs incision Reforming the Russian Budget System: A Move to more than Devolved Budget Management? Prepared by Jack Diamond1 may 2005 Abstract This operative Paper should non be reported as re ushering the views of the IMF. The views convey in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working cover get a line research in age by the author(s) and are publish to elicit comments and to further debate. The Russian federal government has recently initiated a fundamental clean up of its budget system, encompassing key policy, procedural, and institutional changes. This paper reviews this purify agenda with reference to the bang of industrial countries that over the past two to three decades lead followed a similar remedy path toward a more devolved budget counseling system. From this perspective, the immensity of the strength of existing general expenditure management systems to tally increased devolution and the sphere for employing decentralized agencies is explored.

An assessment of the present Russian reform plans in light of this review reveals a number of concerns. First, the speed of the reforms contemplated appears as well ambitious when judged by the experience of other countries. Second, the preparedness of budget institutions is questionable. Third, change management capacity needs str engthening with a more carefully defined d! odging. Last, in light of these concerns, it is argued that the domain and big-bang approach of the trustworthy reform plans may need reformulation into a more sequenced strategy with clearer reform priorities. JEL Classification Numbers: E6, D7, P2 Keywords: Budget Reform, Performance Budgeting, Russia Author(s) e-mail Address: jdiamond@imf.org The author...If you want to get a full essay, erect it on our website: OrderCustomPaper.com

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