Budgeting and public expenditures

6th Annual Meeting of OECD Parliamentary Budget Officials and Independent Fiscal Institutions, Jerusalem, 31 March-1 April 2014

 

6th ANNUAL MEETING OF OECD PARLIAMENTARY BUDGET OFFICIALS

AND INDEPENDENT FISCAL INSTITUTIONS

 The Knesset, Jerusalem, 31 March-1 April 2014

 

To access documents listed below and presentations listed in the summary agenda, please consult:

http://www.knesset.gov.il/mmm/oecd/OecdHome.htm

 

Background documents and submissions from Delegates:

 SESSION 1 - Roundtable – New Institutions

  • HAND OUT - The Development of a new Scottish fiscal body (Simon Wakefield, Scottish Parliament)
  • Austria PBO Update
  • OBR as an institution -- Reflections on what difference the OBR may have made to UK fiscal policy after its first three years: http://budgetresponsibility.org.uk/wordpress/docs/Lecture_May-2013.pdf
  • Introducing rule-based budgeting in Hungary – Fiscal Council in Hungary, a brief overview (Fiscal Council, Hungary)

 SESSION 2 - Developing a first framework for Evaluating Independent Fiscal Institutions

  • Recommendation of the Council on Principles for Independent Fiscal Institutions (OECD)
  • What can we learn from international good practices CBR vis-à-vis the OECD Principles for IFIs - (Council for Budget Responsibility, Slovak Republic)

 SESSION 3 - The Role of Independent Fiscal Institutions in Costings

  • The Cost assessment duties of the State Budget department of the Chamber of Deputies and the budget service of the Senate of the Republic of Italy (Italian Chamber of Deputies).
  • A briefing paper on the OBR’s approach to policy costings and how we integrate them with our forecasts (Office for Budget Responsibility, United Kingdom):
    http://cdn.budgetresponsibility.org.uk/27814-BriefingPaperNo_6.pdf

 SESSION 5 - Structural Budget Balance

 SESSION 6 - Fiscal Risks: New Approaches to Identification, Management and Mitigation

  • HAND OUT - Fiscal risks:  New approaches to identification, management and mitigation (DRAFT by Georges Kopits)
  • HAND OUT – Fiscal risk assessment at the Council for Budget Responsibility of the Slovak Republic (Council for Budget Responsibility, Slovak Republic)

 SESSION 7 - Data Visualization

  • Digital SPICe (Simon Wakefield, Scottish Parliament).
  • An Economist’s guide to vizualizing data  (Jonathan A. Schwabish, CBO, United States, Journal of Economic Perspectives, Volume 28, Number 1, Winter 2014, Pages 209-234).

 SESSION 8 - Principles and Politics: The Two Worlds of Parliamentary Budgeting

  • HAND OUT – Principles and politics:  The two worlds of Parliamentary budgeting (Allen Schick).
  • Draft Principles of Budgetary Governance (OECD Secretariat).

 Additional documents of interest:

  • Recent Developments in Public finance of Poland (Zofia Szpringer, Research Bureau of the Chancellery of the Sejm)
  • The debt brake – a success story (Swiss Federal Department of Finance)
  • The Debt Brake (Swiss Federal Department of Finance)
  • The Swiss debt brake: experiences and perspectives: Report of the Federal Council in response to the postulates of Graber Jean-Pierre (10.4022), Landolt (11.3547) and Fischer (12.3552)  (The Swiss Federal Council)

 AGENDA

Annotated agenda is available in English and French

Sunday, 30 March 2014

Welcome

  • Shmulik Hizkiya, Chief Knowledge Officer, the Knesset, Israel.

Launch of the book Restoring Public Debt Sustainability:  The Role of Independent Fiscal Institutions

  • Adi Brender, Head, Macroeconomics and Policy Division, Bank of Israel, Israel.
  • George Kopits, Senior Scholar, Woodrow Wilson International Center for Scholars, Member, Portuguese Public Finance Council.

Monday, 31 March 2014

SESSION 1 - Roundtable – New Institutions

Chair: Ami Zadik, Director, Department of Budget Control, the Knesset, Israel.

Presenters:

  • Klaus Schmidt-Hebbel, President, Advisory Fiscal Council, Chile, former Chief Economist, OECD.
  • Panagiotis Liargovas, Head, Parliamentary Budget Office, Hellenic Parliament, Greece.
  • Bogdan Dumitrescu,Head of Staff, Fiscal Council, Romania.
  • José Luis Escrivá, President,Autoridad Independiente de Responsabilidad Fiscal (AIREF), Spain.
  • Raúl Meija, Director General, Centro de Estudios de las Finanzas Públicas, Mexico.

 Welcome Address

Hon. Yuli-Yoel Edelstein, Speaker of the Knesset, Israel

SESSION 2 - Developing a first framework for Evaluating Independent Fiscal Institutions

Chair: Robert Chote, Chair, Office for Budget Responsibility, United Kingdom.

Presenter: Kevin Page, Jean-Luc Pepin Research Chair, Faculty of Social Sciences, University of Ottawa, Canada.

SESSION 3 - The Role of Independent Fiscal Institutions in Costings

Chair: Jean-Denis Frechette, Parliamentary Budget Officer, Canada.

Presenters:

  • Laura van Geest, Director, CPB Netherlands Bureau for Economic Policy Analysis, Netherlands.
  • Bob Sunshine, Deputy Director, Congressional Budget Office, United States.
  • Phil Bowen, Parliamentary Budget Officer, Australia.
  • Kyung Bok Cook, Chief, National Assembly Budget Office, Korea.
  • Eliezer Schwartz, Economist, Department of Budget Control, The Knesset, Israel.

SESSION 4 - Launch of the OECD PBO Network Web Portal

Chair: Ami Zadik, Director, Department of Budget Control, the Knesset, Israel.

Presenter: Sahir Khan, Senior Fellow, Faculty of Social Sciences, University of Ottawa, Canada.

from 17:30            Visit to the Shrine of the Book and Gala Dinner

Welcome

  • Shirley Avrami, Director, Research and Information Center, Knesset, Israel.

Keynote Address 

  • Avishay Braverman, MK, Chair, Economic Affairs Committee, Knesset, Israel.

 

Tuesday, 1 April 2014

SESSION 5 - Structural Budget Balance

Chair: Adi Brender, Head, Macroeconomics and Policy Division, Bank of Israel, Israel.

Presenters:

  • Geert Langenus, Head National Accounts and Business Cycle, National Bank of Belgium.
  • Klaus Schmidt-Hebbel, President, Advisory Fiscal Council, Chile, former Chief Economist, OECD.
  • Sebastian Barnes, Economic Counsellor to the Chief Economist, OECD, and Council Member, Irish Fiscal Advisory Council.
  • Xavier Debrun, Deputy Division Chief, Fiscal Affairs Department, International Monetary Fund (IMF).

 SESSION 6 - Fiscal Risks: New Approaches to Identification, Management and Mitigation

Chair: John Hassler, Chair, Fiscal Policy Council, Sweden.

Presenter: George Kopits, Senior Scholar, Woodrow Wilson International Center for Scholars, Member, Portuguese Public Finance Council.

Discussants:

  • Robert Chote,Chair, Office for Budget Responsibility, United Kingdom.
  • Ludovít Ódor, Member, Council for Budget Responsibility, Slovak Republic.

 SESSION 7 - Data Visualization

Chair: Eliezer Schwartz, Senior Economist, Department of Budgetary Control, the Knesset, Israel.

Presenters:

  • Yuval Admon, CEO, Open Budget, The Public Knowledge Workshop, Israel.
  • Bob Sunshine, Deputy Director, Congressional Budget Office, United States.

 SESSION 8 - Principles and Politics: The Two Worlds of Parliamentary Budgeting

Chair: Gilat Beniad-Narkys, Deputy Director, Research and Information Center, the Knesset, Israel.

Presenter: Allen Schick, Professor of Public Policy, University of Maryland, Senior Fellow, Governance Studies, Brooking Institution, United-States.

SESSION 9 - Proposals for future work, report by the OECD Secretariat

Chair: Ami Zadik, Director, Department of Budget Control, the Knesset, Israel.

 Closing by Chair and OECD Secretariat

 

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