Thread by @IOFLebanon

This thread is about understanding Lebanon’s #budget in few questions.
Another thread will explain #Citizen_Budget 2020.
@OpenBudgets 👇

What is the #Budget?
Article 3 of the "Public Accounting Law" defines #budget as “a legislative instrument in which national #revenues & #expenditures are estimated for the upcoming year & by which #tax collection & spending are allowed”.

State #budgets have evolved to become a tool of #foresight, #planning and #accountability based on programs and #performance assessments.
bit.ly/2JKN0LV

What about Lebanese #Budget? It is a “line item budget”. Spending is allocated annually to gov bodies (admin classification).
It is classified according to purpose of disbursement: edu, health, defense… (functional classification) & to type of spending (econ classification).

How different is Leb #Budget from #Performance Budgeting? PB r based on clear obj linked to measurable outcomes&indicators, medium-long-term plans&annual performance reports. Content classification r by funct/projects, #programs & actions instead of items
bit.ly/39VSQFa

What does it include?
Two main components: State #budget and #Annexed_Budgets.
As of 2021, all #annexed_budgets will be integrated in the central government budget (Article 76 of 2019 Budget Law).

What are #Annexed_Budgets?
Budgets of specific #public_institutions of a commercial character, financially independent but without an autonomous status.

Does the budget provide a comprehensive picture of gov commitments? It represents a large share of central gov budget but some spending occurs off-budget.
#Transparency depends on a consolidated “General Gov Budget”.

What are the 5 legal principles underlying the budget process?

What is a #budget calendar and who is responsible for doing what?

Want to learn more? Check out: bit.ly/2W8Prz2

The aforementioned book "Performance Budgeting Reform: Theories and International Practices" is available at the Library of Finance at the Institute. Feel free to consult it if interested at our premises.

With our trusted partners @unicef @IMFNews @OpenBudgets we will keep on advocating for #budget_literacy & #budget to become an instrument of #planning, #foresight, #accountability & #development. Still a long road ahead @SarahHague1 @XavierRame