04832oam 22010934 450 991096874980332120250426110554.0978661382954297814623558461462355846978145199237314519923789781283517096128351709497814519099991451909993(CKB)3360000000443880(EBL)3012498(SSID)ssj0001478955(PQKBManifestationID)11908958(PQKBTitleCode)TC0001478955(PQKBWorkID)11490469(PQKB)11068716(OCoLC)535146883(IMF)WPIEE2006286(MiAaPQ)EBC3012498(IMF)WPIEA2006286WPIEA2006286(EXLCZ)99336000000044388020020129d2006 uf 0engur|n|---|||||txtccrManaging and Controlling Extrabudgetary Funds /Dimitar Radev, Richard Allen1st ed.Washington, D.C. :International Monetary Fund,2006.1 online resource (31 p.)IMF Working Papers"December 2006."9781451865462 1451865465 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 aspectsBudget planning and preparationimfBudget SystemsimfBudgetimfBudgeting & financial managementimfBudgetingimfExpenditureimfExpenditures, PublicimfExtra-budgetary fundsimfFinance, PublicimfFiscal PolicyimfFiscal policyimfMacroeconomicsimfNational BudgetimfNational Government Expenditures and Related Policies: GeneralimfPublic finance & taxationimfPublic FinanceimfPublic financial management (PFM)imfUnited StatesimfFiscal policy.Financial managementEconomic aspects.Budget planning and preparationBudget SystemsBudgetBudgeting & financial managementBudgetingExpenditureExpenditures, PublicExtra-budgetary fundsFinance, PublicFiscal PolicyFiscal policyMacroeconomicsNational BudgetNational Government Expenditures and Related Policies: GeneralPublic finance & taxationPublic FinancePublic financial management (PFM)Radev Dimitar1816069Allen Richard387474International Monetary Fund.Fiscal Affairs Dept.DcWaIMFBOOK9910968749803321Managing and Controlling Extrabudgetary Funds4371718UNINA