Estonia: Explaining the evolution of budgetary institutions
In the current issue of Governance (July 2010), Ringa Raudla of Tallinn University of Technology explains the evolution of budgetary institutions in Estonia between 1993 and 2008. The country initially chose highly centralized budgetary institutions, in response to fiscal stress. But concentration of power in the hands of the finance minister created tensions in coalition governments composed of ideologically diverse parties. Soon new restrictions were placed on the power of the finance minister. Political actors also learned how to manage the relationship of parliamentarians in the budget process. Read the article: “The Evolution of Budgetary Institutions in Estonia: A Path Full of Puzzles?“
