Transcription of CHAPTER 5 APPROACHES TO BUDGET REFORM - …
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75 CHAPTER 5 APPROACHES TO BUDGET REFORMC hapter 1 suggests that APPROACHES to budgeting, resource allocation, and financialmanagement are constantly changing to reflect which of the three functions of budgeting is inthe ascendancy - control of public resources, planning for the future allocation of resources, or management of resources. A key message was that REFORM efforts usually failed becausethey were incomplete. CHAPTER 2 reformulated these three functions into three levels ofbudgetary outcome: aggregate fiscal discipline, strategic prioritization and efficient andeffective service delivery. This is the basis of a conceptual framework for thinking about whatconstitutes an effective system of Public Expenditure Management (PEM).
75 CHAPTER 5 APPROACHES TO BUDGET REFORM Chapter 1 suggests that approaches to budgeting, resource allocation, and financial management are constantly changing to reflect which of the three functions of budgeting is in
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