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The Challenge of Reforming Budgetary Institutions in Developing Countries, Richard Allen

The paper notes that the development of sound budgetary institutions in countries such as France, the U.K. and the U.S. has taken a very long time?200 years or more?and is still evolving. It discusses Douglass North's prediction?which is supported by available data?that institutional reform is also likely to be very slow in developing countries since the budget is especially prone to rent-seeking influences. Finally, the paper discusses the currently fashionable emphasis on complex, multiannual PFM reform strategies, which have been strongly promoted by the donor community; and advocates a simpler approach grounded on Schick's important principle of "getting the basics right." The paper identifies several areas where further research would be fruitful
Table Of Contents
Contents; I. Introduction; II. Historical Development of Budget Reforms; Table; 1. Selected Dates in the Development of Budget Systems: France, the U.K., and the U.S; III. The Challenges Facing Reformers in Developing Countries; Figure; 1. Illustration of the ""Platform Approach""; Box; 1. Cambodia: Weaknesses of the ""Platform Approach""; IV. A Suggested Approach for Developing Countries; V. Conclusion; Selected References
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (30 p.)
Specific Material Designation
Form Of Item

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