LEADER 04177oam 22009374 450 001 9910788416203321 005 20230828232557.0 010 $a1-4623-8814-0 010 $a1-4519-8834-6 010 $a1-283-51214-9 010 $a1-4519-9323-4 010 $a9786613824592 035 $a(CKB)3360000000443453 035 $a(EBL)3014564 035 $a(SSID)ssj0000940026 035 $a(PQKBManifestationID)11502263 035 $a(PQKBTitleCode)TC0000940026 035 $a(PQKBWorkID)10948639 035 $a(PQKB)10784955 035 $a(OCoLC)694141282 035 $a(MiAaPQ)EBC3014564 035 $a(IMF)WPIEE2006204 035 $a(EXLCZ)993360000000443453 100 $a20020129d2006 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 12$aA Principal-Agent Theory Approach to Public Expenditure Management Systems in Developing Countries /$fLuc Leruth, Elisabeth Paul 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2006. 215 $a1 online resource (45 p.) 225 1 $aIMF Working Papers 300 $a"September 2006." 311 $a1-4518-6464-7 320 $aIncludes bibliographical references. 327 $a""Contents""; ""I. INTRODUCTION""; ""II. INTERPRETATION OF PEM UNDER THE PRINCIPAL-AGENT THEORY""; ""III. THE BASIC MODEL ""; ""IV. EX POST AUDITS""; ""V. EX ANTE CONTROLS""; ""VI. CONCLUSION""; ""REFERENCES"" 330 3 $aA well-functioning public expenditure management (PEM) system is considered a critical pillar of government efficiency, on par with a low-distortion tax system and efficient tax administration. The paper discusses PEM systems in developing countries using an analytical framework based on principal-agent theory. This simple model can be applied to various PEM systems, and allows for comparisons between institutional settings. To illustrate this, we analyze the benefits derived from the use by the Ministry of Finance (MoF) of two control instruments; ex post audits and ex ante controls, and assess their value in terms of their ability to deter cheating. We derive a set of possible "control regimes" which can be used by the MoF. Although we illustrate the use of the model using developing countries, it is also relevant to developed economies. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2006/204 606 $aGovernment spending policy$xManagement$zDeveloping countries 606 $aExpenditures, Public$zDeveloping countries 606 $aPublic Finance$2imf 606 $aTaxation$2imf 606 $aAuditing$2imf 606 $aTaxation, Subsidies, and Revenue: General$2imf 606 $aNational Government Expenditures and Related Policies: General$2imf 606 $aPublic Administration$2imf 606 $aPublic Sector Accounting and Audits$2imf 606 $aManagement accounting & bookkeeping$2imf 606 $aPublic finance & taxation$2imf 606 $aExpenditure$2imf 606 $aExternal audit$2imf 606 $aInternal controls$2imf 606 $aTax incentives$2imf 606 $aExpenditures, Public$2imf 606 $aRevenue$2imf 607 $aFrance$2imf 615 0$aGovernment spending policy$xManagement 615 0$aExpenditures, Public 615 7$aPublic Finance 615 7$aTaxation 615 7$aAuditing 615 7$aTaxation, Subsidies, and Revenue: General 615 7$aNational Government Expenditures and Related Policies: General 615 7$aPublic Administration 615 7$aPublic Sector Accounting and Audits 615 7$aManagement accounting & bookkeeping 615 7$aPublic finance & taxation 615 7$aExpenditure 615 7$aExternal audit 615 7$aInternal controls 615 7$aTax incentives 615 7$aExpenditures, Public 615 7$aRevenue 700 $aLeruth$b Luc$0608957 701 $aPaul$b Elisabeth$0907258 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788416203321 996 $aA Principal-Agent Theory Approach to Public Expenditure Management Systems in Developing Countries$93802298 997 $aUNINA