Selected budgeting issues in Chile: Performance budgeting, medium-term budgeting, budget flexibility

The Chilean government is exploring several important areas of public sector reform. This article discusses performance budgeting (including spending reviews, efficiency reviews, and the Chilean performance management system), mediumterm budgeting (especially the use of forward estimates and fiscal...

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Bibliographic Details
Main Author: Hawkesworth, Ian (Author)
Other Authors: Huerta Melchor, Oscar (Contributor), Robinson, Marc (Contributor)
Format: Electronic Book Chapter
Language:English
Published: Paris OECD Publishing 2013
Subjects:
Online Access:DE-384
DE-473
DE-824
DE-29
DE-739
DE-355
DE-20
DE-1028
DE-1049
DE-521
DE-861
DE-898
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DE-91
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DE-19
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Summary:The Chilean government is exploring several important areas of public sector reform. This article discusses performance budgeting (including spending reviews, efficiency reviews, and the Chilean performance management system), mediumterm budgeting (especially the use of forward estimates and fiscal rules), and flexibility and efficiency in budget execution. Chile's situation as of May 2012 was analysed in the light of OECD country best practices at the annual meeting of the OECD network on performance and results in November 2012, and the article makes several suggestions for reform. JEL classification: H610 Keywords: Chile, budget structure, programme classification, formula-based performance budgeting, performance-based budgeting, evaluation, fiscal space, productivity savings mechanism, medium-term budgeting framework, MTBF, longterm projections
Physical Description:1 Online-Ressource (39 Seiten) 21 x 28cm
DOI:10.1787/budget-12-5k44tpx5bl48

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