Paper

Exploring the Determinants of Budget Credibility

The extent to which governments stick to what is included in their parliament-approved budgets is what we refer to as the credibility of their budgets. Budget credibility is an important measure of a government’s own overall credibility and their capacity to deliver on policy promises. In this paper, the authors examine potential drivers of budget deviations using data from 120 Public Expenditure and Financial Accountability (PEFA) assessments conducted in 94 countries. Download the paper.

Downloads

determinants of budget credibility june 2020.pdf

pdf, 0.52 MB
Authors

Paolo de Renzio

Senior Research Fellow, Open Budget Initiative

Paolo de Renzio joined the International Budget Partnership in October 2010 as Senior Research Fellow and is based in Rio de Janeiro, Brazil. His research agenda covers a broad range of topics, including budget transparency and accountability, equity and justice in budgeting, taxation and tax expenditures, among others. He also supports the team producing the Open Budget Survey. Prior to joining the IBP, Paolo worked as a Research Fellow at the Overseas Development Institute; as an economist and policy advisor in Papua New Guinea’s Ministry of Finance; and as a UNDP public sector specialist, lecturer, and independent consultant in Mozambique. He has been a consultant for the World Bank, the Organization for Economic Cooperation and Development, the European Commission, and for a number of bilateral donor agencies and international NGOs. Paolo holds a PhD in International Relations from the University of Oxford, where his research focused on the impact of donor policies on budget reforms in developing countries. He also holds an MSc in Development Studies from the London School of Economics and a Bachelor’s degree in Economics from ‘Bocconi’ in Milan, Italy.

About this resource
Related Countries & Regions
Global