The unprecedented rise and persistence of large-scale budget deficits in many developed and developing nations during the past three decades has caused great co

Traditionally, economics training in public finances has focused more on tax than public expenditure issues, and within expenditure, more on policy consideratio

By discussing the available theoretical and empirical literature, this paper argues that budget procedures and budget institutions do influence budget outcomes.

Budgeting and budgetary institutions play a critical role in resource allocation, government accountability, and improved fiscal and social outcomes. This volum