{"title":"New Zealand's 'Wellbeing Budget' Approach","authors":"Chye-Ching Huang","doi":"10.2139/ssrn.3606841","DOIUrl":"https://doi.org/10.2139/ssrn.3606841","url":null,"abstract":"This paper: (1) describes New Zealand's 2019 \"Wellbeing Budget\" policy and process reforms, including the \"Living Standards Framework\" policy analysis tool; (2) assesses the potential for New Zealand's recent budget process changes to lead to transformative policy change; and (3) assesses the extent to which the New Zealand approach can be replicated or adapted by other countries. <br><br>Background working paper/research draft for International Budget Partnership paper “New Zealand’s ‘Wellbeing Budget’: A New Model for Managing Public Finances?”. All errors, omissions, and views in this draft are mine alone and not attributable to the International Budget Partnership.","PeriodicalId":225425,"journal":{"name":"ERN: Budget; Budget Systems (Topic)","volume":"99 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124223306","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Can the Federal Budget Process Promote Fiscal Sustainability? Evidence from Synthetic Control Using Lasso","authors":"D. Duncan, J. Ross, J. Mikesell","doi":"10.2139/ssrn.3501850","DOIUrl":"https://doi.org/10.2139/ssrn.3501850","url":null,"abstract":"Can the federal budget be constrained using congressionally self-imposed rules? The Budgetary Enforcement Act of 1990 (BEA90), in effect from 1992 to 2002, is frequently held up as an example of congressional control that largely succeeded in doing so and its expiration is considered a watershed event. This paper finds supportive evidence that BEA90 constrained non-defense discretionary outlays using a synthetic control/Lasso hybrid regression methodology. The estimated effect of BEA90 is around 10 percent. However, the sampling variation suggests the probability that these results arose from chance is around 30 percent. Confronted with a common applied empirical problem of having many potential predictors (over 2,000) and a short time-series (12 years), we propose novel additional checks that successfully cross-validate the synthetic control’s counterfactual model.","PeriodicalId":225425,"journal":{"name":"ERN: Budget; Budget Systems (Topic)","volume":"114 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132147041","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Balanced‐Budget Rules and Aggregate Instability: The Role of Consumption Taxes in a Monetary Economy","authors":"J. Xue, C. Yip","doi":"10.1111/1468-0106.12236","DOIUrl":"https://doi.org/10.1111/1468-0106.12236","url":null,"abstract":"In a real macroeconomic model, it is well established that a balanced‐budget rule based on consumption tax can rule out indeterminacy. The present paper shows, both analytically and numerically, that such a balanced‐budget rule induces indeterminacy and, hence, aggregate instability in a standard one‐sector cash‐in‐advance economy. From a policy perspective, our results raise possible concerns that balanced‐budget rules with endogenous consumption tax could have destabilizing effects under the current over‐easy monetary environment.","PeriodicalId":225425,"journal":{"name":"ERN: Budget; Budget Systems (Topic)","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114294574","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Public Budgeting in Jordan: Governance Structure and Budget Preparation Process","authors":"A. H. Akhorshaideh, Wa’ed Alshoubaki","doi":"10.25255/JSS.2019.8.2.270.278","DOIUrl":"https://doi.org/10.25255/JSS.2019.8.2.270.278","url":null,"abstract":"This study describes the Jordanian governance structure and the public budget preparation process. It discusses the political and administrative system through reviewing the legislative authority, executive authority, and judicial authority, as well as their roles within the separation of powers and checks and balances principles. It addresses the budgetary process cycle and the four main phases: the preparation of a national budget proposal phase, the national budget adoption phase, the national budget execution phase, and the evaluation and auditing phase. In this study, we illustrate how Jordan unitizes a mixed budgeting format as an approach to organizing and presenting information about resource allocations and plans of action. In essence, the public budgeting format combines line item, program, and performance budgeting to ensure efficient allocation of resources, enhance public performance outcomes, and tightly control public spending.","PeriodicalId":225425,"journal":{"name":"ERN: Budget; Budget Systems (Topic)","volume":"23 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125955648","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Regions' Budgets: Best Results of the Decade","authors":"A. Deryugin","doi":"10.2139/ssrn.3361703","DOIUrl":"https://doi.org/10.2139/ssrn.3361703","url":null,"abstract":"In 2018, nominal and real revenues growth rates of regions’ and local budgets hit top indices since 2012. Simultaneously, curbing expenditure growth allowed for the first time in eleven years to ensure surplus of the consolidated budget in the amount of 0.5% of GDP. The number of Russian regions with surplus budget at the year-end hit an all-time high – 70. This allowed to markedly reduce the regions’ debt burden. At the same time, retention in 2019 similar growth rates of the budget revenues appears highly unlikely.","PeriodicalId":225425,"journal":{"name":"ERN: Budget; Budget Systems (Topic)","volume":"50 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114505036","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"What Affects the Current Account: The Role of the Government Primary Balance and Productivity Shocks?","authors":"Huma Ashar, Dawood Ashraf","doi":"10.2139/ssrn.3306312","DOIUrl":"https://doi.org/10.2139/ssrn.3306312","url":null,"abstract":"This paper investigates the impact of country-specific and the global government primary balance and productivity shocks on current account balances and investment using an intertemporal model in selected OECD countries for the period 1995-2016. By employing a fixed effect approach, results indicate that current accounts are more sensitive than investments to a change in the global government budget balance. Innovation in global productivity also has a positive impact on current accounts.","PeriodicalId":225425,"journal":{"name":"ERN: Budget; Budget Systems (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-12-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122836135","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Federal Budget in H1: Revenues Growth and Surplus","authors":"T. Tischenko","doi":"10.2139/ssrn.3250677","DOIUrl":"https://doi.org/10.2139/ssrn.3250677","url":null,"abstract":"According to the results of H1 2018, federal budget revenues increased by 1.8 p.p. of GDP as compared to the relevant period of the previous year, while the share of oil and gas revenues rose from 40.4% to 45.6%. On the contrary, expenditures in relation to GDP fell by 1.2 p.p. As a result, in the first six months of this year the budget was administered with a surplus of 1.9% of GDP as compared to the deficit of 1.0% of GDP a year before.","PeriodicalId":225425,"journal":{"name":"ERN: Budget; Budget Systems (Topic)","volume":"501 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-09-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124994434","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Albanian Budget Performance 1996-2016","authors":"Eduart Gjokutaj, Aurela Gjokutaj","doi":"10.2139/ssrn.3125264","DOIUrl":"https://doi.org/10.2139/ssrn.3125264","url":null,"abstract":"With the fiscal performance analysis for the fiscal period 1996 - 2016, we aim to show whether the public expenditures have been able to meet the budget target of revenue collection according to the government's objectives, and whether progress is made towards achieving the goals politics of left and right governments. The study was conducted through many sources of information, where data and information were crucified to verify accuracy. The statistics report and analysis has gone through the stages of (a) statistical survey, (b) aggregation of data, and (c) processing and analysis. The main source is the data of the Fiscal Bulletin of the Ministry of Finance and Economy, and Fiscal Programs of Governments of 20 years. Other sources used are documents from the Institute of Statistics, Annual Reports of the Bank of Albania, Taxes, Customs and other central institutions, institutes and local and foreign organizations. Views and comments from public finance experts, scholars and academic staff, or interested parties are welcomed to reach the most accurate assessment based on typical methodology and correct data. The study report is divided into three parts.","PeriodicalId":225425,"journal":{"name":"ERN: Budget; Budget Systems (Topic)","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126811624","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
A. Mamedov, T. Tischenko, Evgenia Fomina, Alfiia Khuzina
{"title":"The Characteristic Features of the Federal Budget","authors":"A. Mamedov, T. Tischenko, Evgenia Fomina, Alfiia Khuzina","doi":"10.2139/ssrn.2998738","DOIUrl":"https://doi.org/10.2139/ssrn.2998738","url":null,"abstract":"In 2016, certain amendments were made to RF legislation, whereby the specific features of the budgeting process at the federal level were determined. In particular, the alterations introduced by Federal Law No 71-FZ dated May 30, 2016 'On Suspending Paragraph Four of Item 2 of Article 179 of the Budget Code of the Russian Federation' are designed to optimize the procedures for adjusting government (municipal) programs. With due regard for the complicated economic situation, the provision of the Budget Code of the Russian Federation (hereinafter to be referred to as RF BC) whereby all government (municipal) programs were to be brought in conformity with the budget law (or budget decision) by April 1, 2016 was suspended for one more year (until January 1, 2017).","PeriodicalId":225425,"journal":{"name":"ERN: Budget; Budget Systems (Topic)","volume":"85 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115119000","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Michael Alexeev, A. Mamedov, E. Fomina, A. Deryugin, I. Filippova
{"title":"Влияние Основных Характеристик Межбюджетных Отношений На Показатели Экономического Развития Субъектов Российской Федерации (Influence of the Main Characteristics of Interbudgetary Relations on the Indicators of Economic Development of the Subjects of the Russian Federation)","authors":"Michael Alexeev, A. Mamedov, E. Fomina, A. Deryugin, I. Filippova","doi":"10.2139/ssrn.2945347","DOIUrl":"https://doi.org/10.2139/ssrn.2945347","url":null,"abstract":"Russian Abstract: В работе рассмотрены методические подходы к оценке влияния инструментов межбюджетного регулирования на экономическое развитие регионов, влияние основных характеристик межбюджетных отношений на национальном уровне и региональном уровне на показатели экономического развития регионов. \u0000English Abstract: The paper considers methodological approaches to assessing the impact of interbudgetary regulation instruments on the economic development of regions, the impact of the main characteristics of interbudgetary relations at the national level and the regional level on the indicators of the economic development of regions.","PeriodicalId":225425,"journal":{"name":"ERN: Budget; Budget Systems (Topic)","volume":"61 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132621300","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}