Expenditure Analysis PBO Serbia 6 th GN PBO

Expenditure Analysis PBO Serbia 6 th GN PBO, June 20 th, 2018

Context PBO Serbia: • Provides analytical support… – Staff within the parliamentary groups is not specialized for the fiscal policy and budget • …in a way that is easy to comprehend • Publicly available date are used • Activities do not overlap with the mandate of the Fiscal Council (achievement and realism of expenditure targets, etc. )

Two types of expenditure analysis • Draft Budget Law • Quarterly Budget Execution

Draft Budget Law – Expenditure analysis/1

Draft Budget Law – Expenditure analysis/2 • Rearrange data in order to present expenditures by economic classification, budgetary users and programmes. The aim is to tell the systematic story about budget structure • Calculation and explanation of the changes compared to the previous year budget • Usually very tight deadlines

Budget Execution – Expenditure analysis/1

Budget Execution – Expenditure analysis/2 • Provide evidence on what money is spent – present expenditures by levels of Government and economic classification; and if data permit by budgetary users and programmes • Light out tendencies (y-o-y changes) and deviation from usual (average) execution • Aim to provide all important explanations based on data that are publicly available

Outreach beyond the Parliament • Systematic analyses on the budget law, budget execution and public debt tendencies • Not many alternative analyses available – Sometimes used by commercial banks, private firms and NGOs and even by state institutions

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