Aggregate expenditure ceilings and allocative flexibility
Aggregate expenditure ceilings and allocative flexibility:

This article shows how to combine top-down budgeting - in the core sense of the establishment of a hard aggregate expenditure ceiling at the start of the budget preparation process - with flexibility in the allocation of the aggregate ceiling between spending ministries during budget preparation. It...

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Bibliographische Detailangaben
1. Verfasser: Robinson, Marc (VerfasserIn)
Format: Elektronisch Buchkapitel
Sprache:English
Veröffentlicht: Paris OECD Publishing 2013
Schlagworte:
Finance and Investment
Governance
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Volltext
Zusammenfassung:This article shows how to combine top-down budgeting - in the core sense of the establishment of a hard aggregate expenditure ceiling at the start of the budget preparation process - with flexibility in the allocation of the aggregate ceiling between spending ministries during budget preparation. It argues strongly against determining spending ministry shares of the aggregate expenditure ceiling without any prior opportunity for them to present formal new spending proposals. The keys to reconciling top-down budgeting with allocative flexibility are: the baseline/new policy distinction; good forward estimates; a government-wide new policy pool; and spending review. JEL classification: E620, H610 Keywords: Fiscal policy, budget preparation process, top-down budgeting, expenditure ceiling, bottom-up spending requests, fiscal space, multi-year ceilings, baseline ceilings, allocative efficiency, aggregate fiscal discipline, budgeting techniques
Beschreibung:1 Online-Ressource (19 Seiten) 21 x 28cm
DOI:10.1787/budget-12-5k468nqj1f7g

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