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
Thank you for your attention!
- Slides: 9