Affordable Access

Anto Bajo: Proračunski sustav - ornament ili sredstvo upravljanja državnim financijama (The Budgetary System: Ornament or Means to Manage Government Finances)

Authors
Publisher
Institute of Public Finance
Publication Date
Disciplines
  • Political Science

Abstract

prijelom02_07 ENGLESKI.indd 207 PRORAČUNSKI SUSTAV - ORNAMENT ILI SREDSTVO UPRAVLJANJA DRŽAVNIM FINANCIJAMA, Anto Bajo, 2006, Institute of Public Finance, Zagreb, 361 pp. Review* Proračunski sustav – ornament ili sredstvo upravljanja državnim financijama (The Budgetary System: Ornament or Means to Manage Government Statistics) is a contribu- tion to the study of a topic that is adressed relatively modestly in academic and profes- sional literature. True enough, scholarly writing on the influence of fiscal institutions on fiscal results is extremely capacious – we might mention just familiar names in econom- ics such as Poterba, von Hagen and Alesina, but their works deal above all with the influ- ence of the parliamentary system, government (form of government coalition, position of finance minister inside the government and so on) and the electoral system on fiscal out- comes, i.e., the fiscal deficit and the public debt. Consideration of the technical and or- ganisational features of the budgetary system has so far been neglected, and the work of Anto Bajo to a great extent fills in this gap. It is the fourth, most extensive, chapter of the book, “The budgetary system as cause of fiscal problems in Croatia”, that is dedicated to the impact of the technical and organi- sational features. The author classifies the determinants of the budgetary system into five groups, giving for each one the desirable characteristics. In addition, Bajo also gives a detailed presentation of the development of and changes in these determinants that have occurred in Croatia since independence. In the section “Preparation and planning of the budget” the author says that “the prep- aration and planning process from 1994 to 2004 in Croatia did not allow of a high qual- ity control or successful allocation of resources to spending agencies or the execution of the budget in accordance with the amounts planned at the beginning of the year” (pp. 71- 72). The author finds the causes of this in the

There are no comments yet on this publication. Be the first to share your thoughts.