04613oam 22009974 450 991078870120332120230711005714.01-4623-5584-61-4519-9237-81-283-51709-497866138295421-4519-0999-3(CKB)3360000000443880(EBL)3012498(SSID)ssj0001478955(PQKBManifestationID)11908958(PQKBTitleCode)TC0001478955(PQKBWorkID)11490469(PQKB)11068716(OCoLC)535146883(MiAaPQ)EBC3012498(IMF)WPIEE2006286(EXLCZ)99336000000044388020020129d2006 uf 0engur|n|---|||||txtccrManaging and Controlling Extrabudgetary Funds /Dimitar Radev, Richard AllenWashington, D.C. :International Monetary Fund,2006.1 online resource (31 p.)IMF Working Papers"December 2006."1-4518-6546-5 Includes bibliographical references (p. 28-29).""Contents""; ""I. INTRODUCTION""; ""II. DEFINITION, DATA, CLASSIFICATION, AND TYPOLOGY OF EBFS""; ""III. WHY DO EBFS EXIST?""; ""IV. THE PROBLEMS CREATED BY EBFS""; ""V. CRITERIA FOR EVALUATING AND REFORMING EBFS""; ""VI. IMPLICATIONS FOR THE ANALYSIS OF FISCAL POLICIES AND PUBLIC FINANCIAL MANAGEMENT""; ""VII. SUMMARY AND CONCLUSION""; ""References""This paper addresses issues relating to the establishment and financial management of extrabudgetary funds (EBFs), a large group of government entities that on average accounts for 40 to 45 percent of central government expenditure-two-thirds of which represents social security funds-in countries at various stages of development. If improperly designed and managed, EBFs can undermine effective fiscal control. However, they also bring potential benefits in the form of greater autonomy of decision-making in countries with well-established governance and financial management systems that have applied the "agency model" of devolved public management and fiscal control. The paper develops a typology of EBFs and argues that EBFs are frequently created because of failures in the budget system and political economy factors that need to be recognized and, where possible, corrected. The paper recommends that data on EBFs be consolidated within a unified system of fiscal reporting and proposes an analytical framework that governments might use to evaluate the effectiveness and utility of their EBFs.IMF Working Papers; Working Paper ;No. 2006/286Fiscal policyFinancial managementEconomic aspectsBudgetingimfPublic FinanceimfNational BudgetimfBudget SystemsimfNational Government Expenditures and Related Policies: GeneralimfFiscal PolicyimfBudgeting & financial managementimfPublic finance & taxationimfMacroeconomicsimfBudget planning and preparationimfPublic financial management (PFM)imfFiscal policyimfExpenditureimfExtra-budgetary fundsimfBudgetimfFinance, PublicimfExpenditures, PublicimfUnited StatesimfFiscal policy.Financial managementEconomic aspects.BudgetingPublic FinanceNational BudgetBudget SystemsNational Government Expenditures and Related Policies: GeneralFiscal PolicyBudgeting & financial managementPublic finance & taxationMacroeconomicsBudget planning and preparationPublic financial management (PFM)Fiscal policyExpenditureExtra-budgetary fundsBudgetFinance, PublicExpenditures, PublicRadev Dimitar1464156Allen Richard387474International Monetary Fund.Fiscal Affairs Dept.DcWaIMFBOOK9910788701203321Managing and Controlling Extrabudgetary Funds3673720UNINA