Guidelines for Public Expenditure Management

Guidelines for Public Expenditure Management

4.11 - 1251 ratings - Source

Traditionally, economics training in public finances has focused more on tax than public expenditure issues, and within expenditure, more on policy considerations than the more mundane matters of public expenditure management. For many years, the IMF's Public Expenditure Management Division has answered specific questions raised by fiscal economists on such missions. Based on this experience, these guidelines arose from the need to provide a general overview of the principles and practices observed in three key aspects of public expenditure management: budget preparation, budget execution, and cash planning. For each aspect of public expenditure management, the guidelines identify separately the differing practices in four groups of countries - the francophone systems, the Commonwealth systems, Latin America, and those in the transition economies. Edited by Barry H. Potter and Jack Diamond, this publication is intended for a general fiscal, or a general budget, advisor interested in the macroeconomic dimension of public expenditure management.Treasury processes orders and issues checks; or done directly by line ministries. Checks are cashed. Transaction recorded in accounts. Contract signed, order placed (engagement). Authorized by the ministry of finance or financial comptrolleranbsp;...

Title:Guidelines for Public Expenditure Management
Author:Barry H. Potter, Jack Diamond
Publisher:International Monetary Fund - 1999-01-01


You Must CONTINUE and create a free account to access unlimited downloads & streaming