Archive for the ‘Accruals’ Category

PB Manual published in Russian

Wednesday, June 13th, 2012

The manual Performance-Based Budgeting is now available in Russian and Bosnian-Serbo-Croat translations, thanks to PEMPAL, the organization of Eastern European budget officials. The manual, written by myself and originally published in 2010 by CLEAR/World Bank, is a primer on the key forms and elements of performance budgeting. It covers a wide range of topics including  program budgeting, the performance information underpinnings of PB, and the relation of PB to other budgeting and accounting reforms. To access the manual, please go to the following links: English version; Russian version; Serbo-Croat version. It is anticipated that a Spanish translation will be prepared in the near future.

New Performance Budgeting Manual

Saturday, September 17th, 2011

The global CLEAR initiative – led by the World Bank – has just published an important new manual on performance budgeting. (more…)

Australia Reforms Accrual Budgeting System

Wednesday, April 14th, 2010

When Australia adopted accrual budgeting in the late 1990s, it adopted a very peculiar system of parliamentary authorization of capital expenditure in the annual budget. This system had ideological roots – it was intended to mimic the way businesses operated. In practice, however, it was not only completely incomprehensible to non-experts (including parliamentarians), but also represented a major reduction in democratic parliamentary control over the budget. Australia has now, fortunately, decided that it will abandon this system and move back to a more conventional approach to authorizing capital expenditure. (more…)