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CONTENTS

Foreword ............................................................................................................................................................ 5


I. FRAMEWORK AND DATA ISSUES


  1. Introductory Note ................................................................................................................................... 11

  2. Restructuring Public Expenditure – Challenges and Achievements. Key Issues on the Quality of
    Public Finances
    Economic Policy Committee................................................................................................................... 13

  3. Report on Quality of Public Finances Issues – Work Accomplished and Way Forward
    Economic Policy Committee................................................................................................................... 21

  4. Quality of Public Finances and Growth
    António Afonso, Werner Ebert, Ludger Schuknecht and Michael Thöne .............................................. 39

  5. Possible Ways to Implement a Dataset to Analyse the Quality of Public Expenditure
    Economic Policy Committee................................................................................................................... 61


II. FISCAL GOVERNANCE


  1. Introductory Note ................................................................................................................................... 89

  2. National Numerical Fiscal Rules for Sound Public Finances
    European Commission ........................................................................................................................... 91

  3. The Role for Fiscal Agencies
    Xavier Debrun, David Hauner and Manmohan S. Kumar (International Monetary Fund)................. 129

  4. Design Choices for Fiscal Policy Rules
    Barry Anderson and Joseph J. Minarik (OECD).................................................................................. 149

  5. Improving Public Sector Efficiency: Challenges and Opportunities
    Teresa Curristine, Zsuzsanna Lonti and Isabelle Joumard (OECD).................................................... 179

  6. Modernising Public Administration: Initiatives to Improve the Efficiency and Effectiveness of
    Public Spending
    European Commission.......................................................................................................................... 209

  7. Expenditure Ceilings and Fiscal Policy – Swedish Experiences
    Urban Hansson Brusewitz and Yngve Lindh (Ministry of Finance Sweden)........................................ 223

  8. Program Budgeting and Performance Management in France: The 2001 Reform of the
    Constitutional Bylaw
    Frédéric Bobay (Ministry of Economy, Finance and Industry France)............................................... 235


III. COMPOSITION AND EFFICIENCY OF EXPENDITURE


  1. Introductory Note.................................................................................................................................. 249

  2. The Efficiency and Effectiveness of Public Spending
    Economic Policy Committee and European Commission..................................................................... 251

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