“The Economics of Information”: The Indiana State Library and the State Budget Process

2015 ◽  
Vol 111 (2) ◽  
pp. 177
Keyword(s):  
The State ◽  
Budget Process ◽  
State Budget ◽  
Economics Of Information ◽  
State Library

scholarly journals Transparency of Public and Local Finances: Foreign Experience

2020 ◽  
pp. 18-30
Author(s):  
INNA O. SHKOLNYK ◽  
NATALIIA G. VYHOVSKA ◽  
YULIIA S. HAVRYSH ◽  
ANDRII O. IVANCHENKO
Keyword(s):  
Fiscal Policy ◽  
The State ◽  
Budget Process ◽  
State Budget ◽  
Public Authorities ◽  
Public Finances ◽  
Information Portal ◽  
Foreign Experience ◽  
The Republic ◽  
State And Local

In modern conditions, the role of transparency of both public and local finances is growing significantly, which is a tool to increase the efficiency of financial resources, which confirms the analysis of Ukrainian and foreign studies. In Ukraine, the level of transparency is improving every year and as of 2019 is assessed by international organizations as the minimum allowable. At the same time, the level of transparency of local budgets differs significantly in different regions. To improve the situation and implement best practices in the field of transparency of public finances at both the state and local levels, it is important to analyze the foreign experience of those countries that are leaders in ratings of transparency of public authorities and transparency of the budget process. The paper analyzes the experience of the Office of the Public Accountant of Texas (USA), the Treasury of New Zealand, and the Treasury of the Republic of South Africa, which according to the open budget rating provided by the International Budget Partnership are among the 10 most transparent countries. Analysis of the content of the information portal of the Texas Public Accounts Controller Office showed a separate section “Transparency” with a detailed presentation of information in terms of key blocks of revenues and expenditures, state budget and finances, information on the formation and use of funds in all localities, information on budget deficit as well as information on transparency at the level of individual settlements, school districts, etc. A comparative analysis with the state of transparency of Ukrainian government agencies responsible for the development and implementation of fiscal policy and identifies weaknesses and strengths in terms of their transparency. It is established that the openness of the process of using public finances in Ukraine is gradually increasing, while the positions in the world transparency rating are also improving. However, the conceptual difference between building sites in the countries analyzed is that they report to taxpayers in a form that is accessible to them, rather than simply covering available information without comment or explanation. Keywords: open budget, participation, public finances, rating, fiscal policy.

Actors and the information flows in the Czech parliamentary budget debate

2020 ◽  
Vol 32 (3) ◽  
pp. 321-338
Author(s):  
Lucie Sedmihradská ◽  
Jan Kučera
Keyword(s):  
Decision Making ◽  
Information And Communication Technologies ◽  
Information Provision ◽  
Ecosystem Model ◽  
The State ◽  
Budget Process ◽  
State Budget ◽  
Content Type ◽  
Budget Proposal ◽  
Chamber Of Deputies

Purpose The purpose of this paper is to propose a model that allows analyzing exchange and use of fiscal information by the roles of actors involved in the budget process and to apply the proposed model to the 2018 Czech state budget debate. The aim is to identify approaches used by the members of the Chamber of Deputies (members of the parliament (MPs)) when gathering information to be used in their decision making on the state budget, and to evaluate usefulness of the information provided through the executive’s budget proposal. Design/methodology/approach This paper is the observatory study of the Czech 2018 state budget debate based on a set of unstructured interviews with newly elected MPs. Findings When it comes to the MPs deciding about the state budget the executive’s budget proposal seems to be an insufficient source of information as the MPs relied heavily on various information brokers during the budget debate. The use of information and communication technologies in the process of information provision lags behind its potential. Practical implications The authors suggest two possible ways to improve the effective transparency of the Czech state budget debate: standardization of the chapter books and making them available to every MP as well as to the general public, and adding the budget proposal to the Monitor budget explorer – a publicly available budget explorer provided by the Ministry of Finance. Originality/value The originality of this paper lies in the proposal of the Fiscal Information Ecosystem Model and its application to the 2018 Czech state budget debate which shows how the members of the Czech Chamber of Deputies gathered information they needed in their decision making.

Direct Democracy and Fiscal Gridlock: Have Voter Initiatives Paralyzed the California Budget?

2005 ◽  
Vol 5 (3) ◽  
pp. 248-264 ◽  
Author(s):  
John G. Matsusaka
Keyword(s):  
Public Sector ◽  
Direct Democracy ◽  
The State ◽  
Budget Process ◽  
State Budget ◽  
Significant Obstacle ◽  
Minimal Constraints ◽  
Do So

Does direct democracy make it impossible to balance public sector budgets? I address this question with evidence from California, where it is widely believed that voter initiatives have paralyzed the state budget process by locking in high spending while simultaneously prohibiting tax increases. A review of all initiatives approved since 1912 shows that no more than 32 percent of appropriations in the 2003-04 California state budget were locked in by initiatives and that initiatives placed only minimal constraints on the legislature's ability to raise revenue. Moreover, it is likely that the legislature would have allocated much of the money to its dedicated purpose even if it had not been required to do so by initiative. Initiatives do not appear to be a significant obstacle to balancing the state budget in California.

scholarly journals THE CONCEPTUAL CONTENT OF STATE BUDGET PROCESS IN ECONOMIC THEORY

2015 ◽  
Vol 1 (7) ◽  
pp. 203
Author(s):  
Ērika Žubule ◽  
Anita Puzule
Keyword(s):  
The State ◽  
Theoretical Research ◽  
Constructive Method ◽  
Financial Policy ◽  
Budget Process ◽  
State Budget ◽  
Scientific Publications ◽  
Finance Management ◽  
State Finance ◽  
The Impact

Evaluating the role of the budget in economy we may declare that the budget process should favour the social economic development of the state. The aim of the research is to explore and evaluate theoretical aspects of the state budget process as a component of the state financial policy and to work out proposals for improvement of the state budget process, based on the theoretical and empirical findings. The main objectives of the research were to study the foreign economic scientific literature on the state budget process in the context of theoretical aspects, to study the impact of the state budget process on the financial policy and to work out proposals for the perfection of state budget process. Generally accepted research methods of economic analysis were used: the qualitative – studying the special literature, scientific publications, morphologic comparison, the logically constructive method, the method of synthesis. As there are different views on the significance of the state budget process in the organization of state finances, the authors have specified the definition of the concept of the state budget process in the context of economics. It will ensure a unified understanding of the budget process as an important mechanism of state finance management. Therefore, a more profound theoretical research study on the state budget process is important.

scholarly journals Program-target method in planning of state budget

2020 ◽  
pp. 125-132
Author(s):  
Oksana Lisnichuk ◽  
Liudmyla Medvidchuk
Keyword(s):  
The State ◽  
Economic Research ◽  
Budget Process ◽  
State Budget ◽  
Budget Planning ◽  
Social And Economic Development ◽  
Basic Parameters ◽  
Methodological Approaches ◽  
State Programs

Purpose. The aim of the article is the development of proposals for improving the methodology of program-targeted planning in the process of managing the State Budget of Ukraine. Methodology of research. The following methods of economic research are used in the article: comparative analysis, causal analysis, expert survey – in determining the effectiveness of the National Target Program “Drinking Water of Ukraine for 2011-2020”; tabular and graphical methods – for visual visualization of the analysed / obtained data; abstract and logical – in formulating conclusions from the study. Findings. It is established that the total number of state targeted programs is reduced in recent years in Ukraine, respectively, and the amount of their funding is reduced, and the quality of their development and implementation remains low. It is substantiated that the program-targeted approach in Ukraine is unalterable, as it most fully and consistently allows in practice to implement the principles of state budget planning. At the same time, certain restrictions in the use of program-targeted planning have been identified. The method of evaluating the effectiveness of budget programs at all stages of the budget process is proposed, which can be a supplement to existing methodological approaches to realistically assess the implementation of a program, correct planned results, clarify goals and basic parameters of state programs of social and economic development of Ukraine. Originality. Scientific and methodological approaches to assessing the effectiveness of budget programs have been further developed; in particular, proposals have been developed to improve the methodology of program-targeted planning in the process of managing the State Budget of Ukraine. Practical value. The results of the conducted study can be the basis for improving the current methodology for assessing the effectiveness of budget programs in Ukraine, as well as identifying opportunities for European practice of program-targeted budget planning. Key words: state budget, planning, program-target method, evaluation, efficiency, program.

scholarly journals Introduction and implementation of the medium-term budget planning system in Ukraine: the experience of Germany

2020 ◽  
Vol 66 (5) ◽  
pp. 78-92
Author(s):  
M. Dubyna ◽  
Yu. Honcharenko ◽  
O. Kalchenko
Keyword(s):  
Developed Countries ◽  
The State ◽  
Planning System ◽  
Budget Process ◽  
Medium Term ◽  
Fiscal Discipline ◽  
State Budget ◽  
Budget Planning ◽  
Advantages And Disadvantages ◽  
Rational Distribution

The need for effective budget planning in Ukraine in order to ensure effective and transparent implementation of the budget process generates the necessity for scientific understanding of the transfer of European practice of medium-term budget planning (MTBP) in domestic realities. Despite numerous developments of scientists concerning the possibilities of improving the procedure of medium-term budget planning (MTBP) in Ukraine, it is important to identify the features of its implementation based on the experienceof developed countries, which will allow us, taking into consideration the obtained results, to deepen further scientific and applied aspects of improving the medium-term budget planning system in Ukraine, to increase the efficiency of its implementation. One of such example is Germany's experience in introducing and implementing the medium-term budget planning. The main purpose of the investigation is the analysis of the budget planning in Ukraine, particularly, the factors influencing it, to determine the opportunities of the application of Germany’s experience concerning the introduction and implementation of the medium-term budget planning. The main advantages and disadvantages of using the MTBP procedure over the traditional (annual) budget are summarized in this paper. Factors of the MTBP development in Germany and other EU countries, particularly: effectiveness of regional practice; post-crisis period of national economies and the world economy; purposefulness of countries to the EU integration; significant amounts of public debt; implementation and enforcement of Directive 2011/85/EU in 2011 are established. Combination of all five preconditions available in Ukraine should ensure the accelerated development of the MTBP. It is determined that the use of German experience for the improvement of medium-term budget planning in Ukraine will contribute to rational distribution of budget resources between the budget system levels, increasing the level of predictability of the state budget policy, improving the macroeconomic balance, fiscal discipline and investment attractiveness of the country. It is noted that the non-fulfillment of the planned indicators of the state budget in Ukraine is due to the inefficient organization of the MTBP and the influence of macroeconomic environment factors.

scholarly journals Statistical Assessment of the Budget Management Effectiveness When Drawing Up, Reviewing and Approving the State Budget

2019 ◽  
Vol 86 (3) ◽  
pp. 38-46
Author(s):  
N. Yu. Melnychuk ◽  
N. О. Parfentseva ◽  
І. O. Melnychuk
Keyword(s):  
High Efficiency ◽  
The State ◽  
Budget Process ◽  
Budget Management ◽  
Management Effectiveness ◽  
Integral Index ◽  
State Budget ◽  
Gdp Growth Rate ◽  
Budget Policy ◽  
The Government

Theoretical and methodological foundations for evaluating the effectiveness of managing the budget process at its initial stage are deepened, views of various experts on the management effectiveness when drawing up, reviewing the draft law and adopting it are considered. It is substantiated that in recent years the procedure and terms of submitting the draft and adopting the Law of Ukraine “On the State Budget of Ukraine” have been repeatedly violated. The necessity to increase the budget management effectiveness at the first stage of the budget process is proved. The questionnaire of the public poll is developed, on the basis of which the evaluation of the management effectiveness when drawing up, reviewing of the draft Law of Ukraine “On the State Budget of Ukraine” and its adoption is made.Indicators that allow characterizing the budget management effectiveness when drawing up, reviewing and approving the state budget are proposed. The proposed calculations are based on the assertion that the efficiency is a component of the management effectiveness. The following are pointed out: index of timely submission of the management object; index of timely fixation of the management object; index of timely acceptance of the management object. Introduction of these indicators allows characterizing the management effectiveness on the tasks fulfillment set for the government concerning the compliance with the budget legislation and the basics of the state budget policy for the next reporting period, approved by the Verkhovna Rada of Ukraine when drafting the State Budget Law. Using the proposed indexes of the management effectiveness, an integral index of the budget management effectiveness at the first stage of the budget process is calculated. It is argued that in 2004 there was a high efficiency of the budget management at the first stage of the budget process; in 2006, 2012, 2014, 2017 and 2018, the efficiency was average, and in 2010 and 2013, its efficiency was below average. The integral index of the budget management effectiveness at the first stage of the budget process was in the critical efficiency zone in 2005, 2007, 2008, 2009, 2011, 2015, and 2016.It is proved that there is an average correlation between the integral index of the budget management effectiveness at the first stage of the budget process and (i) the number of changes made to the draft law; (ii) real GDP growth rate.

Fiscal Dependency and the State Budget Process

1983 ◽  
Vol 45 (1) ◽  
pp. 198-208 ◽  
Author(s):  
David M. Hedge
Keyword(s):  
The State ◽  
Budget Process ◽  
State Budget

scholarly journals ANALYSIS OF REVENUES AND EXPENDITURES OF THE STATE BUDGET OF UK RAINE

2020 ◽  
Vol 11 (87) ◽  
Author(s):  
Oksana Zakxidna ◽  
◽  
Iryna Sebestyanovych ◽  
Keyword(s):  
Social Protection ◽  
The State ◽  
Budget Process ◽  
State Budget ◽  
Priority Task ◽  
Efficiency And Effectiveness ◽  
Article Analysis ◽  
State Expenditure ◽  
Budget Policy ◽  
And Control

In the article analysis of income and expenses of the state budget of Ukraine was conducted. The level of provision of the state budget with financial resources is shown. The essence of the concept of "state budget" is exposed. The main problems of mobilization and use of budget funds are determined. The necessity of improving the efficiency of management of the state budget funds are substantiated and the main ways of their optimization are proposed. The main problems of forming a sufficient amount of budget revenues and ensuring their effective use are identified. Various methods of budget balancing are proposed. The most important items of budget expenditures are considered, the reasons for inefficient budget execution during the studied period are indicated. The ways to improve the optimization of revenue and expenditure parts of the budget are proposed. Based on the results of this work, recommendations for improving economic indicators are proposed. Revenues of the State Budget of Ukraine include receipts (except for those receipts assigned to local budgets in accordance with Articles 64, 66, and 69 of this Code) as provided for in legislation on taxes, duties and mandatory payments and the Law of Ukraine On the Guidelines of Social Protection to Invalids, as well as fees for services rendered by budget entities maintained at the expense of the State budget of Ukraine and other revenue sources identified in legislation, including receipts from the sale of assets owned by the State or enterprises, establishments and organizations, as well as interest and dividends on State-owned shares in property; grants and donations (in value); and inter-governmental transfers from local budgets. Revenues and expenditures must be balanced in the draft Conclusions and Proposals to the State Budget Law. The parameters of revenues and expenditures specified in the Conclusions and Proposals to the Draft State Budget Law must be balanced out. As a result of the analysis, we can conclude that in Ukraine the processes of attracting and distributing budget funds are inefficient, and therefore have a number of problems, including the following: imperfect domestic fiscal policy, outdated approaches to the financing process, lack of an effective strategy for budgeting and control over the implementation of budget programs. The priority task of budget policy of Ukraine is to modernize the budget sector of the economy and to re-orientate the state expenditure in the direction of the economy, efficiency and effectiveness. Prospects for the development of the state budget in Ukraine are quite ambiguous. However, they are reaching a new level, which is impossible not to mention, because now the budget process in Ukraine is quite developed, despite all the possible problems of the state.

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