Models of Public Budgeting and Accounting Reform - OECD

? Models of Public Budgeting and Accounting Reform

OECD Journal on Budgeting Volume 2, Supplement 1

Models of Public Budgeting and Accounting Reform




Pursuant to Article 1 of the Convention signed in Paris on 14th December 1960, and which came into force on 30th September 1961, the Organisation for Economic Co-operation and Development (OECD) shall promote policies designed:

? to achieve the highest sustainable economic growth and employment and a rising standard of living in Member countries, while maintaining financial stability, and thus to contribute to the development of the world economy;

? to contribute to sound economic expansion in Member as well as non-member countries in the process of economic development; and

? to contribute to the expansion of world trade on a multilateral, nondiscriminatory basis in accordance with international obligations.

The original Member countries of the OECD are Austria, Belgium, Canada, Denmark, France, Germany, Greece, Iceland, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Turkey, the United Kingdom and the United States. The following countries became Members subsequently through accession at the dates indicated hereafter: Japan (28th April 1964), Finland (28th January 1969), Australia (7th June 1971), New Zealand (29th May 1973), Mexico (18th May 1994), the Czech Republic (21st December 1995), Hungary (7th May 1996), Poland (22nd November 1996), Korea (12th December 1996) and the Slovak Republic (14th December 2000). The Commission of the European Communities takes part in the work of the OECD (Article 13 of the OECD Convention).

Cette publication est disponible en anglais uniquement.

? OECD 2002 Permission to reproduce a portion of this work for non-commercial purposes or classroom use should be obtained through the Centre fran?ais d'exploitation du droit de copie (CFC), 20, rue des Grands-Augustins, 75006 Paris, France, tel. (33-1) 44 07 47 70, fax (33-1) 46 34 67 19, for every country except the United States. In the United States permission should be obtained through the Copyright Clearance Center, Customer Service, (508)750-8400, 222 Rosewood Drive, Danvers, MA 01923 USA, or CCC Online: . All other applications for permission to reproduce or translate all or part of this book should be made to OECD Publications, 2, rue Andr?-Pascal, 75775 Paris Cedex 16, France.


The papers in this supplement to the OECD Journal on Budgeting originated from an international symposium held in April 2001 in Beijing, China. The symposium was sponsored by the Ministry of Finance of the People's Republic of China and was conducted by the National Institute of Accounting, in association with Tsinghua University's School of Economics and Management and Institute of Accounting Research.

The papers give a comprehensive overview of various OECD Member country accounting models and as such are valuable not only to China, but to all countries. The main theme of these models is accountability and confidence in the execution of the budget plan. While the models are different and constructed to meet the needs of individual countries, there is great utility in presenting a comparative understanding of the theoretical basis for the systems. This understanding is especially important for non-member countries where an OECD "best practices" approach may not be valid. Presentations like these show that there is no single way to construct an accounting system, but rather that principles and common elements are important.

The views expressed are those of the authors and do not commit or necessarily reflect those of governments of OECD Member countries.


James Chan (Editor), Professor of Accounting, University of Illinois at Chicago, United States.

Chen Xiaoyue (co-editor), Professor of Accounting and Finance, Tsinghua University; and Vice President, National Accounting Institute, People's Republic of China.



Richard Allen, Director, Public Expenditure and Financial Accountability (PEFA) Program, World Bank, Washington, D.C. Tom Allen, Chairman, Governmental Accounting Standards Board, United States Aad Bac, Professor of Government Accountancy, Tilburg University, Netherlands Eugenio Caperchione, Professor of Public Sector Accounting, University of Modena and Reggio Emilia, Italy James Chan, Professor of Accounting, University of Illinois at Chicago, United States Benoit Chevauchez, Director, Public Management Institute, Ministry of Economics, Finance and Industry, France Noel Hepworth, Chairman, Public Sector Committee, European Federation of Accountants; Chairman, Institute of Public Finance, United Kingdom Xiang Huaicheng, Minister of Finance, People's Republic of China Lou Jiwei, First Vice Minister of Finance, People's Republic of China Klaus L?der, Professor Public Financial Management and Business Administration, German Postgraduate School of Administrative Sciences, Speyer, Germany Alex Matheson, Head of Division, Budgeting and Management, Public Management Service, Organisation for Economic Co-operation and Development, Paris, France Vicente Montesinos, Professor of Accounting, University of Valencia, Spain Riccardo Mussari, Professor of Public Management, University of Siena, Italy June Pallot, Professor Accounting, University of Canterbury, New Zealand Kuno Schedler, Professor of Public Management, University of St. Gallen, Switzerland



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