Tuesday, 14 May 2019

How Parliamentary Budgets are Set and Managed in Europe

a post on the Public Financial Management blog

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How do legislatures in Europe prepare and execute their budgets? This question was analysed in a recent survey of 20 EU Member States prepared by the Austrian Parliamentary Budget Office. The purpose of the study was to understand the rules and procedures that determine the budgetary process in national parliaments, the extent of parliamentary budgetary autonomy, and the links with good budget practices. The main results are summarized in Figure 1 below.

The study shows that there is no standard model of how a parliament’s budget is managed but some prevalent institutional features emerge.

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