Crisis Budgeting [E-Book] / Allen Schick
Schick, Allen.
Paris : OECD Publishing, 2010
14 p.
Finance and Investment
Full Text
Budgeting is fundamentally altered, if only temporarily, by pressures that overwhelm established policies and practices. This article discusses conventional and non-conventional responses to crisis, and how crisis impacts on the budget process. Just as crisis has mobilised governments to take global actions that spill beyond national boundaries, the aftermath of crisis will spur them to harmonise and integrate budget policies that affect the international financial system.