OECD Budget Practices and Procedures

OECD Budget Practices and Procedures refer to the guidelines and standards that governments and organizations follow to create, approve, manage, and review their budgets. These practices ensure transparency, efficiency, and accountability in how public funds are allocated and spent. They typically involve phases like planning, drafting, approval, execution, and audit, with mechanisms for monitoring and evaluating financial performance. The goal is to promote responsible fiscal management, support policy goals, and build trust with stakeholders by maintaining clear, predictable, and disciplined budgeting processes.