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Towards a Model for Independent Fiscal Policy Oversight in a Small Island State

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  • Sonia D. Gatchair

    (University of the West Indies)

Abstract

This paper provides an ex ante assessment for the design of an independent council to improve fiscal oversight and responsibility in Jamaica. Given mixed reviews on the effectiveness of fiscal councils and that the feasibility of implementation in resource constrained developing countries is not clear, the study provides important insights to guide the establishment of such a council. An oversight body with broad-based participation and strong leadership that is accountable to Parliament is preferred. The deliberative role is emphasized over the technocratic role to enhance independence, legitimacy, credibility, and political commitment. However, balance between competing logics, identified as technocratic and deliberative logics is necessary to avoid dysfunction.

Suggested Citation

  • Sonia D. Gatchair, 2020. "Towards a Model for Independent Fiscal Policy Oversight in a Small Island State," Public Organization Review, Springer, vol. 20(4), pages 703-718, December.
    • Handle: RePEc:kap:porgrv:v:20:y:2020:i:4:d:10.1007_s11115-020-00467-4
    DOI: 10.1007/s11115-020-00467-4
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    References listed on IDEAS

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    1. Jolanta Maria CIAK, 2016. "Fiscal Councils As An Element Of The Institutional Environment Of Fiscal Policy €“ The Case Of Poland," EcoForum, "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration - Economy, Business Administration and Tourism Department., vol. 5(1), pages 1-42, January.
    2. World Bank, 2013. "Jamaica : Parliamentary Oversight of Public Finances--An Institutional Review," World Bank Publications - Reports 16261, The World Bank Group.
    3. Xavier Debrun & Tidiane Kinda, 2017. "Strengthening Post‐Crisis Fiscal Credibility: Fiscal Councils on the Rise – A New Dataset," Fiscal Studies, Institute for Fiscal Studies, vol. 38, pages 667-700, December.
    4. Robert Hagemann, 2011. "How Can Fiscal Councils Strengthen Fiscal Performance?," OECD Journal: Economic Studies, OECD Publishing, vol. 2011(1), pages 1-24.
    5. Comăniciu Carmen, 2017. "The Fiscal Councils – Independent Fiscal Institutions for Ensuring Fiscal Discipline," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 531-536, December.
    6. Kutsal Yesilkagit & Sandra Thiel, 2008. "Political Influence and Bureaucratic Autonomy," Public Organization Review, Springer, vol. 8(2), pages 137-153, June.
    7. Knut Samset & Tom Christensen, 2017. "Ex Ante Project Evaluation and the Complexity of Early Decision-Making," Public Organization Review, Springer, vol. 17(1), pages 1-17, March.
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