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Review of International Practices for Determining Medium-Term Resource Needs of Spending Agencies

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dc.contributor.authorDi Francesco, Michael
dc.contributor.authorBarroso, Rafael
dc.date.accessioned2015-07-14T20:44:43Z
dc.date.available2015-07-14T20:44:43Z
dc.date.issued2015-06
dc.description.abstractThis paper reviews international practices for ‘bottom-up costing’ for medium-term expenditure frameworks. Medium-term expenditure frameworks are important because they incorporate the multi-annual nature of the fiscal policy into the budget process, mitigating its short-term bias. They also allow for the incorporation of the effects of policy decisions and provide for a comprehensive fiscal sustainability picture. However, there are significant gaps in current understanding of how costing and cost information is implemented within medium-term expenditure frameworks. The objective of this paper is to assemble information on practices used in Australia, Austria, Canada, and the Netherlands to determine program costs as part of medium-term expenditure planning, and to provide preliminary observations on the strengths and weaknesses of current arrangements. The overall findings are that current costing practices fall short of the declared objectives of medium-term expenditure frameworks. The report makes some specific observations on the status of costing practices within the surveyed jurisdictions, namely that: (i) although there is no typical medium-term expenditure frameworks, some features tend to be more compatible with a greater role for bottom-up costing; (ii) where costing practices are specified, they are generally expected to be used across the entire budget, but in practice the focus is on new or expanded programs; (iii) the capacity to distinguish existing and new programs is important in utilizing cost information; (iv) the distinction between conventional program costing and forecasting helps to explain differences in costing approaches; and (v) where they are specified, costing methodologies are recommended but not mandated.en
dc.identifierhttp://documents.worldbank.org/curated/en/2015/06/24582434/review-international-practices-determining-medium-term-resource-needs-spending-agencies
dc.identifier.doi10.1596/1813-9450-7289
dc.identifier.urihttps://hdl.handle.net/10986/22150
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 7289
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectGOOD PRACTICE
dc.subjectEMPLOYMENT
dc.subjectBUDGET MANAGEMENT
dc.subjectRESOURCE ALLOCATIONS
dc.subjectACCOUNTING
dc.subjectCASH ACCOUNTING
dc.subjectFINANCE MINISTRIES
dc.subjectFINANCIAL MANAGEMENT
dc.subjectCASH BALANCE
dc.subjectOVERHEAD
dc.subjectPRINCIPAL
dc.subjectINFORMATION TECHNOLOGY
dc.subjectSALES
dc.subjectINTEREST
dc.subjectDEPRECIATION
dc.subjectLAWS
dc.subjectBUDGET ESTIMATES
dc.subjectEXCHANGE
dc.subjectOPTION
dc.subjectSTRATEGIES
dc.subjectRESOURCE ALLOCATION
dc.subjectSERVICES
dc.subjectCOST ESTIMATES
dc.subjectREVENUES
dc.subjectPORTFOLIO
dc.subjectIMPACT ASSESSMENT
dc.subjectFISCAL POLICY
dc.subjectIMPACTS
dc.subjectPROJECTS
dc.subjectTAX
dc.subjectASSET MANAGEMENT
dc.subjectPLANNING
dc.subjectQUALITY
dc.subjectBUDGETING
dc.subjectRESERVE
dc.subjectREPORTING
dc.subjectBENEFICIARIES
dc.subjectINFORMATION SYSTEMS
dc.subjectINFLATION
dc.subjectINTERNATIONAL BANK
dc.subjectPENSION
dc.subjectCOST ACCOUNTING
dc.subjectBUDGET
dc.subjectMACROECONOMIC STABILITY
dc.subjectLABOR MARKET
dc.subjectSAVINGS
dc.subjectLABOR COSTS
dc.subjectGOVERNMENT POLICY
dc.subjectACQUISITION
dc.subjectTELECOMMUNICATIONS
dc.subjectCOST RECOVERY
dc.subjectLEVEL OF CONFIDENCE
dc.subjectPORTFOLIOS
dc.subjectPUBLIC BUDGETING
dc.subjectEXCHANGE RATES
dc.subjectPRODUCTIVITY
dc.subjectMONETARY FUND
dc.subjectTRANSFERS
dc.subjectCRITERIA
dc.subjectDIRECT COSTS
dc.subjectDEBT
dc.subjectNATIONAL FINANCE
dc.subjectFORECASTING
dc.subjectOPERATING EXPENSES
dc.subjectLEGISLATION
dc.subjectECONOMIC POLICIES
dc.subjectLABOR
dc.subjectACCOUNT
dc.subjectFINANCE
dc.subjectGRANTS
dc.subjectEXPENDITURE
dc.subjectRESOURCES
dc.subjectDEBT LEVELS
dc.subjectCOSTING
dc.subjectRECURRENT COST
dc.subjectGOOD
dc.subjectPROCUREMENT
dc.subjectGOVERNMENT BUDGET
dc.subjectCAPITAL
dc.subjectWAGES
dc.subjectOPERATING COSTS
dc.subjectRATES OF INFLATION
dc.subjectEXPENSES
dc.subjectAUDITORS
dc.subjectCOST ALLOCATION
dc.subjectBUDGET PROCESS
dc.subjectCAPITAL PROJECTS
dc.subjectFUTURE
dc.subjectVALUE
dc.subjectPENSIONS
dc.subjectBANK
dc.subjectBUDGETS
dc.subjectMACROECONOMICS
dc.subjectGOVERNMENT EXPENDITURE
dc.subjectTRANSITION COUNTRIES
dc.subjectMARGINAL COSTS
dc.subjectPUBLIC EXPENDITURES
dc.subjectMAINTENANCE
dc.subjectEXPENDITURES
dc.subjectAMORTIZATION
dc.subjectPROPERTIES
dc.subjectCOST
dc.subjectFISCAL YEAR
dc.subjectACCRUAL ACCOUNTING
dc.subjectMARKET
dc.subjectACTUAL COST
dc.subjectTREASURY
dc.subjectSOLVENCY
dc.subjectADMINISTRATION
dc.subjectINSURANCE
dc.subjectTAXATION
dc.subjectOVERHEAD COSTS
dc.subjectCAPITAL BUDGETING
dc.subjectGOODS
dc.subjectLAND
dc.subjectTRANSFER PAYMENTS
dc.subjectBUSINESS
dc.subjectRISK
dc.subjectHUMAN RESOURCES
dc.subjectINDIRECT COST
dc.subjectPOVERTY
dc.subjectFINANCIAL INFORMATION
dc.subjectMINISTRIES OF FINANCE
dc.subjectBUDGETARY FRAMEWORKS
dc.subjectREVENUE
dc.subjectACCOUNTS
dc.subjectCAPITAL EXPENDITURES
dc.subjectFISCAL DISCIPLINE
dc.subjectINSTRUMENT
dc.subjectTRANSFER PAYMENT
dc.subjectGOVERNMENTS
dc.subjectCOMMON LAW
dc.subjectRECURRENT COSTS
dc.subjectCBA
dc.subjectIMPLEMENTATION
dc.subjectCOST ANALYSIS
dc.subjectOPERATING EXPENDITURES
dc.subjectCONSOLIDATION
dc.titleReview of International Practices for Determining Medium-Term Resource Needs of Spending Agenciesen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleReview of International Practices for Determining Medium-Term Resource Needs of Spending Agencies
okr.date.disclosure2015-06-03
okr.date.doiregistration2025-04-10T10:55:22.187945Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/2015/06/24582434/review-international-practices-determining-medium-term-resource-needs-spending-agencies
okr.globalpracticeMacroeconomics and Fiscal Management
okr.guid220451467993180864
okr.identifier.doi10.1596/1813-9450-7289
okr.identifier.externaldocumentum090224b082eeea8f_1_0
okr.identifier.internaldocumentum24582434
okr.identifier.reportWPS7289
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/06/03/090224b082eeea8f/1_0/Rendered/PDF/Review0of0inte0of0spending0agencies.pdfen
okr.topicPrivate Sector Development::Competitiveness and Competition Policy
okr.topicPrivate Sector Development::Business Environment
okr.topicPrivate Sector Development::Business in Development
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicGovernance::Governance and the Financial Sector
okr.topicGovernance::National Governance
okr.topicMacroeconomics and Economic Growth::Economic Policy, Institutions and Governance
okr.topicMacroeconomics and Economic Growth::Financial Economics
okr.topicPublic Sector Development
okr.unitMacroeconomics and Fiscal Management Global Practice Group
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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