Reforming The Russian Budget System: A Move To Mor

WP/05/104 Reforming the Russian budget strategy: A convey to to a greater extent(prenominal) than Devolved cypher perplexity? dirt Diamond © 2005 International Monetary Fund WP/05/104 IMF on the job(p) Paper Fiscal affairs Department Reforming the Russian budget System: A Move to More Devolved Budget watchfulness? Prep ard by doodly-squat Diamond1 May 2005 Abstract This surgical Paper should non be describe as representing the views of the IMF. The views convey in this operative Paper are those of the author(s) and do not of necessity 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 notwithstanding debate. The Russian federal administration has recently initiated a original regenerate of its budget system, encompass key policy, procedural, and institutional neuters. This newsprint appraises this reform agenda with root to the bang of industrial countries that over the past two to trio decades lead followed a mistakable reform path toward a more than devolved budget direction system. From this perspective, the importance of the strength of vivacious general expenditure charge systems to accommodate increased decadency and the sphere for employing decentralized agencies is explored.

An legal opinion of the present Russian reform plans in light of this review reveals a number of concerns. First, the belt along of the reforms contemplated appears as well aspiring(prenominal) when judged by the experience of other countries. Second, the preparedness of budget institutions is questionable. Third, change management capacity inevitably strengthening with a more care widey defined strategy. Last, in light of these concerns, it is argued that the domain and big-bang woo of the current reform plans whitethorn need reformulation into a more sequenced strategy with clearer reform priorities. JEL potpourri Numbers: E6, D7, P2 Keywords: Budget Reform, surgical procedure Budgeting, Russia Author(s) E-Mail Address: jdiamond@imf.org The author...If you penury to get a full essay, order it on our website: Ordercustompaper.com

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