OECD 3rd meeting of Senior Budget Officials from Central, Eastern
and South-Eastern European countries
A comment on the paper
“Performance budgeting and accrual budgeting:
Decision rules or analytic tools”
Javier Monzó
Ministry of Finance of Spain
Vilnius, 21 March,2007
First comments
• Budget innovations to increase efficiency
• Implementation: restrictions and limitations
• Fiscal rules: necessary but, how many?
• Budget classifications
Performance budgeting
• Organizational changes
• Compulsory and legal expenditures
• Finding proper indicators
• Time restrictions
• Managers involvement
Accrual budgeting
• Extra complexity to the process
• Budget: an operational document
• Social Security: pay as you go with accruals?
• Manipulation: a matter of basis?
Conclusion
• Remarkable innovations
• Performance: when targets are well defined
and properly measured
• Accruals: more interesting in pluriannual
frameworks than in one-year budgets
Thank you!