Iceland; Technical Assistance Report on a New Organic Budget Law

This technical assistance report on Iceland focuses on a new organic budget law (OBL). In designing a new OBL, it is important to preserve good features of Iceland’s current legal framework for budgeting. At the same time, any new OBL should address the key weaknesses in the Financial Reporting Act...

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Main Author: International Monetary Fund
Format: Report
Language:unknown
Subjects:
Online Access:http://www.imf.org/external/pubs/cat/longres.aspx?sk=25529
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spelling ftrepec:oai:RePEc:imf:imfscr:12/4 2024-04-14T08:13:25+00:00 Iceland; Technical Assistance Report on a New Organic Budget Law International Monetary Fund http://www.imf.org/external/pubs/cat/longres.aspx?sk=25529 unknown http://www.imf.org/external/pubs/cat/longres.aspx?sk=25529 preprint ftrepec 2024-03-19T10:26:09Z This technical assistance report on Iceland focuses on a new organic budget law (OBL). In designing a new OBL, it is important to preserve good features of Iceland’s current legal framework for budgeting. At the same time, any new OBL should address the key weaknesses in the Financial Reporting Act 1997 that prevent it from providing a credible, integrated framework for budgeting. The institutional coverage of the OBL should be expanded to encompass the whole public sector and incorporate an integrated timetable for the entire budget process. Budgets;Budgeting;Legislation;Iceland;Fiscal policy;Technical Assistance;budget law, fiscal strategy, annual budget, fiscal objectives Report Iceland RePEc (Research Papers in Economics)
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description This technical assistance report on Iceland focuses on a new organic budget law (OBL). In designing a new OBL, it is important to preserve good features of Iceland’s current legal framework for budgeting. At the same time, any new OBL should address the key weaknesses in the Financial Reporting Act 1997 that prevent it from providing a credible, integrated framework for budgeting. The institutional coverage of the OBL should be expanded to encompass the whole public sector and incorporate an integrated timetable for the entire budget process. Budgets;Budgeting;Legislation;Iceland;Fiscal policy;Technical Assistance;budget law, fiscal strategy, annual budget, fiscal objectives
format Report
author International Monetary Fund
spellingShingle International Monetary Fund
Iceland; Technical Assistance Report on a New Organic Budget Law
author_facet International Monetary Fund
author_sort International Monetary Fund
title Iceland; Technical Assistance Report on a New Organic Budget Law
title_short Iceland; Technical Assistance Report on a New Organic Budget Law
title_full Iceland; Technical Assistance Report on a New Organic Budget Law
title_fullStr Iceland; Technical Assistance Report on a New Organic Budget Law
title_full_unstemmed Iceland; Technical Assistance Report on a New Organic Budget Law
title_sort iceland; technical assistance report on a new organic budget law
url http://www.imf.org/external/pubs/cat/longres.aspx?sk=25529
genre Iceland
genre_facet Iceland
op_relation http://www.imf.org/external/pubs/cat/longres.aspx?sk=25529
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