Transformations  in
Business & Economics

Multi-Year Budgeting as an Element of Institutional Reforms: The Experiences of European Countries versus its Preset-Day State in Poland
Slawomir Franek

ABSTRACT. The article presents the importance of multi-year budgeting as part of institutional reforms of modern public finances. In this article, comparisons are made in regards to the use of modern budgeting tools in the European Union countries. It has been observed that reinforcing the procedures for medium-term budget frameworks may effectively supplement the introduction of other institutional reforms, such as the application of expenditure principles or the creation of independent fiscal institutions. Together, they enhance the quality system of public finances. Also, new regulations which have been in force in Poland since 2010, and which introduce the obligation to prepare multi-year budgeting in the public sector have been discussed. In order to assess the quality of multi-year budgeting, the measures applied by the European Commission and sited in the work of Hallerberg, Strauch, von Hagen (2009), have been examined.

KEYWORDS: multi-year budgeting, performance budgeting, quality of public finances, Poland.

JEL classification: H11, H61, P2.