Salvatore "Rino" Schiavo-Campo is a former senior official at the World Bank and International Monetary Fund, following a full academic career that concluded as Professor and Chairman of Economics at the University of Massachusetts, Boston. He is the author of numerous scholarly articles and 14 books on topics in public financial management, governance and public administration, economic development and post-conflict reconstruction.

"This major, new book – by an economist who has worked on these issues, for many years in many countries and international organizations... ought to be useful to anyone involved in the use of public resources. It should also be a useful reference for classes in universities that deal with government budgeting and the use of public resources. The book covers most areas of public budgeting... in a style that is simple, appealing, informative and useful. One of the attractive aspects of this book is the elegance of its writing and the accessible way in which the issues are covered." – Vito Tanzi, Former Director of the Fiscal Affairs Department of the IMF "I have worked on economic development in low and middle-income countries for the past 28 years, and found this book highly relevant, spot on in its analysis of many challenges in public financial management, and useful for understanding how to think through making budget management reforms credible and robust in different country contexts."– Mark Sundberg, Senior Vice-President and Chief Economist of the Millennium Challenge Corporation, USA"Finally, as government budgeting is the most technical and least glamorous subfield in the discipline of public administration, Schiavo-Campo has succeeded in making the book not only informative but also interesting to read because of his use of many relevant examples and practices around the world to illustrate his arguments...Scholars teaching government budgeting to university students should take a leaf from the book by making their lectures or seminars more interesting by citing relevant anecdotes, examples and case studies from various countries." – Jon S. T. Quah, Anti-Corruption Consultant, Singapore"This book shows Salvatore Schiavo-Campo's unrivaled mastery of all facets of government budgeting and expenditure management. Grounded on decades of field experience in developed and developing countries, Schiavo-Campo rejects lockstep addiction to popular reforms while patiently explaining how governments can better manage budget policies and public expenditures. Written with wit and wisdom, this book offers fresh insights to skilled practitioners as well as students exploring the complex world of public expenditure management." – Allen Schick, University of Maryland, USA"This was a first-class examination of how governments manage their budgets and public spending. It was much more helpful than many other books written in recent years on this topic and is of value to both students, public servants and budget practitioners alike. The book is based on clear explanations, being readable and free from excessive and unnecessary technical language and jargon." – David S. Jones, National University of Singapore, Singapore Management University and University of Brunei Darussalam (retired)"Based on decades of professional experience and personal reflections, Schiavo-Campo's book provides one of the very few comprehensive accounts of how government budgets work, and why they are so important. Covering a wide range of topics, from the basics of budget classification to managing public investment, and from parliamentary approval to external audit, this volume - and the rich variety of examples and cases it draws on - has useful insights and tips for many different audiences, from public officials to policy wonks, to academics and practitioners." – Paolo de Renzio, International Budget Partnership

• Chapter One: The Government Budget: Mirror of Society’s ChoicesPart 1: The Budget InfrastructureChapter Two: Budgeting Objectives, Systems, Budget Classification and the Legal FrameworkChapter Three: Budget coverage, Extra-Budgetary Operations and Tax ExpendituresChapter Four: Fiscal Risk, Fiscal Responsibility and Fiscal RulesPart 2: The Upstream Stages: Budget Preparation and ApprovalChapter Five: Budgeting in Macroeconomic and Fiscal PerspectiveChapter Six: Preparation and Approval of the BudgetChapter Seven: Budgeting and Managing Public InvestmentPart 3: The Downstream Stages: Budget Execution and ControlChapter Eight: Budget Execution: Compliance, Adaptability, EfficiencyChapter Nine: Public ProcurementChapter Ten: Financing the Budget: Debt and Aid ManagementPart 4: Fostering Accountability: For Money and for ResultsChapter Eleven: Accountability for the Money: Accounting, Reporting and AuditChapter Twelve: Accountability for the Results: Performance, Monitoring and EvaluationChapter Thirteen: Reforming and Strengthening Public Financial MangementPart 5: Selected Special Topics in Public Financial ManagementChapter Fourteen: Fiscal Decentralization and Budgeting at Subnational Government LevelChapter Fifteen: Reconstructing Public Financial Institutions in Fragile and Conflict-Affected StatesChapter Sixteen: Corruption and Public Sector ManagementChapter Seventeen: "Black Boxes": Extractive Revenue and Military Expenditure

Salvatore "Rino" Schiavo-Campo is a former senior official at the World Bank and International Monetary Fund, following a full academic career that concluded as Professor and Chairman of Economics at the University of Massachusetts, Boston. He is the author of numerous scholarly articles and 14 books on topics in public financial management, governance and public administration, economic development and post-conflict reconstruction.

"This major, new book – by an economist who has worked on these issues, for many years in many countries and international organizations... ought to be useful to anyone involved in the use of public resources. It should also be a useful reference for classes in universities that deal with government budgeting and the use of public resources. The book covers most areas of public budgeting... in a style that is simple, appealing, informative and useful. One of the attractive aspects of this book is the elegance of its writing and the accessible way in which the issues are covered." – Vito Tanzi, Former Director of the Fiscal Affairs Department of the IMF "I have worked on economic development in low and middle-income countries for the past 28 years, and found this book highly relevant, spot on in its analysis of many challenges in public financial management, and useful for understanding how to think through making budget management reforms credible and robust in different country contexts."– Mark Sundberg, Senior Vice-President and Chief Economist of the Millennium Challenge Corporation, USA"Finally, as government budgeting is the most technical and least glamorous subfield in the discipline of public administration, Schiavo-Campo has succeeded in making the book not only informative but also interesting to read because of his use of many relevant examples and practices around the world to illustrate his arguments...Scholars teaching government budgeting to university students should take a leaf from the book by making their lectures or seminars more interesting by citing relevant anecdotes, examples and case studies from various countries." – Jon S. T. Quah, Anti-Corruption Consultant, Singapore"This book shows Salvatore Schiavo-Campo's unrivaled mastery of all facets of government budgeting and expenditure management. Grounded on decades of field experience in developed and developing countries, Schiavo-Campo rejects lockstep addiction to popular reforms while patiently explaining how governments can better manage budget policies and public expenditures. Written with wit and wisdom, this book offers fresh insights to skilled practitioners as well as students exploring the complex world of public expenditure management." – Allen Schick, University of Maryland, USA"This was a first-class examination of how governments manage their budgets and public spending. It was much more helpful than many other books written in recent years on this topic and is of value to both students, public servants and budget practitioners alike. The book is based on clear explanations, being readable and free from excessive and unnecessary technical language and jargon." – David S. Jones, National University of Singapore, Singapore Management University and University of Brunei Darussalam (retired)"Based on decades of professional experience and personal reflections, Schiavo-Campo's book provides one of the very few comprehensive accounts of how government budgets work, and why they are so important. Covering a wide range of topics, from the basics of budget classification to managing public investment, and from parliamentary approval to external audit, this volume - and the rich variety of examples and cases it draws on - has useful insights and tips for many different audiences, from public officials to policy wonks, to academics and practitioners." – Paolo de Renzio, International Budget Partnership

• Chapter One: The Government Budget: Mirror of Society’s ChoicesPart 1: The Budget InfrastructureChapter Two: Budgeting Objectives, Systems, Budget Classification and the Legal FrameworkChapter Three: Budget coverage, Extra-Budgetary Operations and Tax ExpendituresChapter Four: Fiscal Risk, Fiscal Responsibility and Fiscal RulesPart 2: The Upstream Stages: Budget Preparation and ApprovalChapter Five: Budgeting in Macroeconomic and Fiscal PerspectiveChapter Six: Preparation and Approval of the BudgetChapter Seven: Budgeting and Managing Public InvestmentPart 3: The Downstream Stages: Budget Execution and ControlChapter Eight: Budget Execution: Compliance, Adaptability, EfficiencyChapter Nine: Public ProcurementChapter Ten: Financing the Budget: Debt and Aid ManagementPart 4: Fostering Accountability: For Money and for ResultsChapter Eleven: Accountability for the Money: Accounting, Reporting and AuditChapter Twelve: Accountability for the Results: Performance, Monitoring and EvaluationChapter Thirteen: Reforming and Strengthening Public Financial MangementPart 5: Selected Special Topics in Public Financial ManagementChapter Fourteen: Fiscal Decentralization and Budgeting at Subnational Government LevelChapter Fifteen: Reconstructing Public Financial Institutions in Fragile and Conflict-Affected StatesChapter Sixteen: Corruption and Public Sector ManagementChapter Seventeen: "Black Boxes": Extractive Revenue and Military Expenditure

Salvatore "Rino" Schiavo-Campo is a former senior official at the World Bank and International Monetary Fund, following a full academic career that concluded as Professor and Chairman of Economics at the University of Massachusetts, Boston. He is the author of numerous scholarly articles and 14 books on topics in public financial management, governance and public administration, economic development and post-conflict reconstruction.

"This major, new book – by an economist who has worked on these issues, for many years in many countries and international organizations... ought to be useful to anyone involved in the use of public resources. It should also be a useful reference for classes in universities that deal with government budgeting and the use of public resources. The book covers most areas of public budgeting... in a style that is simple, appealing, informative and useful. One of the attractive aspects of this book is the elegance of its writing and the accessible way in which the issues are covered." – Vito Tanzi, Former Director of the Fiscal Affairs Department of the IMF "I have worked on economic development in low and middle-income countries for the past 28 years, and found this book highly relevant, spot on in its analysis of many challenges in public financial management, and useful for understanding how to think through making budget management reforms credible and robust in different country contexts."– Mark Sundberg, Senior Vice-President and Chief Economist of the Millennium Challenge Corporation, USA"Finally, as government budgeting is the most technical and least glamorous subfield in the discipline of public administration, Schiavo-Campo has succeeded in making the book not only informative but also interesting to read because of his use of many relevant examples and practices around the world to illustrate his arguments...Scholars teaching government budgeting to university students should take a leaf from the book by making their lectures or seminars more interesting by citing relevant anecdotes, examples and case studies from various countries." – Jon S. T. Quah, Anti-Corruption Consultant, Singapore"This book shows Salvatore Schiavo-Campo's unrivaled mastery of all facets of government budgeting and expenditure management. Grounded on decades of field experience in developed and developing countries, Schiavo-Campo rejects lockstep addiction to popular reforms while patiently explaining how governments can better manage budget policies and public expenditures. Written with wit and wisdom, this book offers fresh insights to skilled practitioners as well as students exploring the complex world of public expenditure management." – Allen Schick, University of Maryland, USA"This was a first-class examination of how governments manage their budgets and public spending. It was much more helpful than many other books written in recent years on this topic and is of value to both students, public servants and budget practitioners alike. The book is based on clear explanations, being readable and free from excessive and unnecessary technical language and jargon." – David S. Jones, National University of Singapore, Singapore Management University and University of Brunei Darussalam (retired)"Based on decades of professional experience and personal reflections, Schiavo-Campo's book provides one of the very few comprehensive accounts of how government budgets work, and why they are so important. Covering a wide range of topics, from the basics of budget classification to managing public investment, and from parliamentary approval to external audit, this volume - and the rich variety of examples and cases it draws on - has useful insights and tips for many different audiences, from public officials to policy wonks, to academics and practitioners." – Paolo de Renzio, International Budget Partnership

• Chapter One: The Government Budget: Mirror of Society’s ChoicesPart 1: The Budget InfrastructureChapter Two: Budgeting Objectives, Systems, Budget Classification and the Legal FrameworkChapter Three: Budget coverage, Extra-Budgetary Operations and Tax ExpendituresChapter Four: Fiscal Risk, Fiscal Responsibility and Fiscal RulesPart 2: The Upstream Stages: Budget Preparation and ApprovalChapter Five: Budgeting in Macroeconomic and Fiscal PerspectiveChapter Six: Preparation and Approval of the BudgetChapter Seven: Budgeting and Managing Public InvestmentPart 3: The Downstream Stages: Budget Execution and ControlChapter Eight: Budget Execution: Compliance, Adaptability, EfficiencyChapter Nine: Public ProcurementChapter Ten: Financing the Budget: Debt and Aid ManagementPart 4: Fostering Accountability: For Money and for ResultsChapter Eleven: Accountability for the Money: Accounting, Reporting and AuditChapter Twelve: Accountability for the Results: Performance, Monitoring and EvaluationChapter Thirteen: Reforming and Strengthening Public Financial MangementPart 5: Selected Special Topics in Public Financial ManagementChapter Fourteen: Fiscal Decentralization and Budgeting at Subnational Government LevelChapter Fifteen: Reconstructing Public Financial Institutions in Fragile and Conflict-Affected StatesChapter Sixteen: Corruption and Public Sector ManagementChapter Seventeen: "Black Boxes": Extractive Revenue and Military Expenditure