Managing and Controlling Extrabudgetary Funds [E-Book] / Richard Allen and Dimitar Radev
Allen, Richard.
Radev, Dimitar.
Paris : OECD Publishing, 2007
31 p.
englisch
10.1787/budget-v6-art19-en
Governance
Full Text
This article addresses issues relating to the establishment and financial management of extrabudgetary funds (EBFs), a large group of government entities and accounts. The article develops a typology of EBFs and argues that they are frequently created because of budget system failures and political economy factors. The article 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.