01818cas a2200253 a 4500 AALejournalIMF016747 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513509051 2075-8669 BD-DhAAL BD-DhAAL Saxena, Sandeep. Managing Budgetary Virements / Sandeep Saxena, Sami Ylaoutinen. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (24 pages) Technical Notes and Manuals <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Virements are useful instruments of budget flexibility. If carried out transparently and within accepted limits, virements can promote expenditure efficiency. Large, unregulated virements can undermine budget credibility and the budget's relevance as principal policy and financial planning instrument. This note defines virements, clarifies their purpose, and specifies what general and country-specific considerations should guide the design of a virement framework. The note argues that countries should design virement policies maintaining balance between their budget flexibility and accountability needs, and keeping in view the legal-cultural environment and the state of development of their public financial management. Mode of access: Internet Ylaoutinen, Sami. Technical Notes and Manuals; Technical Notes and Manuals ; No. 2016/004 Full text available on IMF http://elibrary.imf.org/view/journals/005/2016/004/005.2016.issue-004-en.xml IMF e-Library