BUDGET SYSTEM AND ACCOUNTING IN BUDGETARY INSTITUTIONS

Budgeting and Budgetary Institutions

Efficiency of flexible budgetary institutions

Which budgetary institutions result in efficient provision of public goods? We analyze a model with two parties bargaining over the allocation to a public good each period. Parties place different values on the public good, and these values may change over time. We focus on budgetary institutions that determine the rules governing feasible allocations to mandatory and discretionary spending pro...

Hybrid Political Institutions and Governability: The Budgetary Process in Brazil

In this paper we take a close look at some of the particular pathways by which majoritarian and consensual institutions affect governability. We demonstrate that the mix of majoritarian and consensual institutions found within a country can influence these pathways quite dramatically, such that they produce rather different consequences for governability, even when these pathways are relatively...

Efficiency of Flexible Budgetary Institutions By Renee

Which budgetary institutions result in efficient provision of public goods? We analyze a model with two parties bargaining over the allocation to a public good each period. Parties place different values on the public good, and these values may change over time. We focus on budgetary institutions that determine the rules governing feasible allocations to mandatory and discretionary spending pro...

The Challenge of Reforming Budgetary Institutions in Developing Countries

Reform of budgetary institutions1 is a continuous and never-ending process. Interest in such reforms can be traced back for at least 2000 years. For example, Roman planners of the Claudian aqueducts considered eventual O&M costs in selecting alternative routes and designs. In more modern times, there is evidence of a stream of reforms from the “tally sticks” used to record the budget in sevente...