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Budget System Reform in Transitional Economies: The Experience of Russia

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  • Mr. Jack Diamond

Abstract

This paper stresses the role of budget system reform in economies in transition as an essential basis for the implementation of effective fiscal policies. However, introducing such structural reforms in often unstable economic environments has not proved easy. Using Russia as a case study, the magnitude of the problems faced is documented, and the strategy of reform eventually adopted is critically reviewed. In conclusion, some lessons are drawn for other transitional countries undertaking similar reforms, and the future agenda for completing these reforms in Russia is indicated.

Suggested Citation

  • Mr. Jack Diamond, 2002. "Budget System Reform in Transitional Economies: The Experience of Russia," IMF Working Papers 2002/022, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2002/022
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    References listed on IDEAS

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    1. von Hagen, Jurgen & Harden, Ian J., 1995. "Budget processes and commitment to fiscal discipline," European Economic Review, Elsevier, vol. 39(3-4), pages 771-779, April.
    2. Alberto Alesina & Roberto Perotti, 1995. "The Political Economy of Budget Deficits," IMF Staff Papers, Palgrave Macmillan, vol. 42(1), pages 1-31, March.
    3. Era Dabla-Norris & Jorge Martinez-Vazquez & John Norregaard, 2000. "Making Decentralization Work: The Case of Russia, Ukraine, and Kazakhstan," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper0009, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
    4. Poterba, James M, 1996. "Budget Institutions and Fiscal Policy in the U.S. States," American Economic Review, American Economic Association, vol. 86(2), pages 395-400, May.
    5. Lavrov, Aleksei & Litwack, John & Sutherland, Douglas, 2001. "Fiscal federalist relations in Russia: a case for subnational autonomy," MPRA Paper 26537, University Library of Munich, Germany.
    6. International Monetary Fund, 1996. "Budget Processes and Commitment to Fiscal Discipline," IMF Working Papers 1996/078, International Monetary Fund.
    7. Mr. Jack Diamond & Mr. Barry H Potter, 2000. "Setting Up Treasuries in the Baltics, Russia, and other Countries of the Former Soviet Union," IMF Occasional Papers 2000/014, International Monetary Fund.
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    Cited by:

    1. Mr. Jack Diamond, 2003. "Performance Budgeting: Managing the Reform Process," IMF Working Papers 2003/033, International Monetary Fund.

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