Role of the Legislature in Budget Processes
This paper examines the role of the legislature in budget processes. The paper highlights that for promoting good governance and fiscal transparency, the legislature’s active engagement in the budget process is essential. When fiscal policies and medium-term budgetary objectives are debated in parli...
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| Format: | eBook |
| Language: | English |
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Washington, D.C.
International Monetary Fund
2010
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| Series: | Technical Notes and Manuals
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| Collection: | International Monetary Fund - Collection details see MPG.ReNa |
| Summary: | This paper examines the role of the legislature in budget processes. The paper highlights that for promoting good governance and fiscal transparency, the legislature’s active engagement in the budget process is essential. When fiscal policies and medium-term budgetary objectives are debated in parliament, budget strategies and policies are “owned” more widely. However, more active participation by the legislature runs the risk that fiscal discipline deteriorates. In countries where the legislature has unrestrained budget amendment authority, parliament is prone to introduce changes that increase spending or reduce taxes |
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| Physical Description: | 23 pages |
| ISBN: | 9781462398973 |