INTEGRATING PUBLIC ENVIRONMENTAL EXPENDITURE WITHIN MUTI-YEAR BUDGETARY FRAMEWORKS

OECD Environment Working Paper 7
Medium-term approaches to budgeting are now common in OECD countries and are being adopted increasingly by developing countries. This reflects a realisation that the annual approach to budget making actually undermines budgetary performance, contributing to fiscal instability and, perhaps even more fundamentally, to resource misallocation and the inefficient and ineffective use of resources. Government agencies with responsibilities for environmental and natural resource management who struggle to prepare medium-term budgets may find
this analysis useful.

Source: OECD ENV/WKP(2009)2
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