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Independent Fiscal Institutions - OECD

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Independent Fiscal Institutions - OECD

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Presentation "Leveraging the work of the Independent Fiscal Institutions for Legislative Scrutiny" by Rolf Alter, OECD. For more information see http://www.oecd.org/gov/budgeting/oecdnetworkofparliamentarybudgetofficialspbo.htm

Presentation "Leveraging the work of the Independent Fiscal Institutions for Legislative Scrutiny" by Rolf Alter, OECD. For more information see http://www.oecd.org/gov/budgeting/oecdnetworkofparliamentarybudgetofficialspbo.htm

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Independent Fiscal Institutions - OECD

  1. 1. LEVERAGING THE WORK OF INDEPENDENT FISCAL INSTITUTIONS FOR LEGISLATIVE SCRUTINY Rolf Alter Director, Public Governance and Territorial Development OECD Paris 8 February 2017
  2. 2. 1. Have IFIs impacted the quality or nature of parliamentary debate on fiscal policy in your country in recent years? - Specific examples 2. How are parliamentarians using the work of IFIs? 3. Are parliamentarians looking for technical expertise, and / or professional judgement on sensitive fiscal policy issues? 4. What other tools are parliamentarians using to meet the new demands of budget oversight? 5. How can links between IFIs and parliaments be strengthened? 2 Questions for discussion
  3. 3. Growth of Independent fiscal institutions 3 1930s 1940s 1950s 1960s 1970s 1990s1980s 2010s2000s Belgium Netherlands Denmark Austria US Mexico Korea Sweden Canada Hungary Slovenia Greece UK Australia Ireland Portugal Slovak Rep. Chile Finland France Germany Latvia Spain Estonia Italy Luxembourg Iceland
  4. 4. 4 “Heterogeneous but similar” IFIs are a heterogeneous group – there is no one size fits all model… … but despite their diversity, they tend to have certain core functions. Extracts from the OECD IFI database: Institutional model Functions
  5. 5. 5 Relationship with the legislature Measure % of OECD IFIs Key IFI reports sent to the legislature 94% IFI leadership participates in parliamentary hearings 94% IFI supports the parliament in budget analysis 39% Source: OECD IFI Database 2017
  6. 6. 6 OECD Network of Parliamentary Budget Officials and Independent Fiscal Institutions (PBO) • debate substantive budgeting issues • share practical experiences on working methods • identify international best practices • improve the practical application of the OECD Principles for IFIs Draws together senior officials working in IFIs to:
  7. 7. 7 OECD Principles for IFIs Local ownership Role and structure determined according to local needs Independence and non- partisanship Independent appointments and non-partisan analysis Mandate Mandate clearly defined and IFI able to work at own initiative Resources Resources commensurate with mandate Transparency Act as transparently as possible Relationship with legislature Appropriate accountability to the legislature Access to information Access to information guaranteed in legislation Communic- ation Effective communication channels, especially with media External evaluation A mechanism for external evaluation in place
  8. 8. 1. Have IFIs impacted the quality or nature of parliamentary debate on fiscal policy in your country in recent years? - Specific examples 2. How are parliamentarians using the work of IFIs? 3. Are parliamentarians looking for technical expertise, and / or professional judgement on sensitive fiscal policy issues? 4. What other tools are parliamentarians using to meet the new demands of budget oversight? 5. How can links between IFIs and parliaments be strengthened? 8 Questions for discussion
  9. 9. OECD IFI DATABASE LINK: HTTPS://WWW.COMPAREYOURCOUNTRY.ORG/INDEPENDENT-FISCAL-INSTITUTIONS 9 THANK YOU

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