Suchergebnisse

This article deals with institutional measures proposed in the concept of the public budgets reform presented by the Czech Ministry of finance in December 2002 & it analyses its capability to improve the budget performance of the Czech Republic. First the performance budgeting & preconditions for its functioning are characterized. In the second part the multi-annual expenditure framework is discussed including analysis of its role in the budgetary process. A simple model shows that introduction of various steps in the budgetary process can alter the final budget. This model has proven that the multi-annual expenditure framework can limit the impact of the fiscal illusion. In the last part a new budget calendar that includes the new measures is proposed. 6 Figures, 25 References. Adapted from the source document.