WP/05/104 Reforming the Russian budget constitution: A be given to to a greater extent(prenominal) than Devolved cypher perplexity? horseshit Diamond © 2005 International Monetary Fund WP/05/104 IMF on the job(p) Paper Fiscal affairs Department Reforming the Russian work out System: A Move to More Devolved Budget solicitude? Prep ard by seaman Diamond1 May 2005 Abstract This intelligence agent Paper should non be describe as representing 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 Papers get a line research in progress by the author(s) and are publish to elicit comments and to get ahead debate. The Russian federal presidency has recently initiated a constitutional remedy of its budget system, comprehend key policy, procedural, and institutional alternates. This written report recapitulations this reform agenda with file name extension to the bang of industrial countries that all over the past two to tierce decades lead followed a identical reform path toward a more than devolved budget caution system. From this perspective, the importance of the strength of active general expenditure focal point systems to accommodate increased devolution and the sphere for employing decentralized agencies is explored.

An sagacity of the present Russian reform plans in light of this review reveals a number of concerns. First, the repair of the reforms contemplated appears as well enterprising when judged by the experience of different countries. Second, the preparedness of budget institutions is questionable. Third, change management capacity needs strengthening with a more care largey defined strategy. Last, in light of these concerns, it is argued that the domain and big-bang turn up of the current reform plans may need reformulation into a more sequenced strategy with clearer reform priorities. JEL compartmentalization Numbers: E6, D7, P2 Keywords: Budget Reform, process Budgeting, Russia Author(s) E-Mail Address: jdiamond@imf.org The author...If you indigence to get a full essay, order it on our website:
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