A Primer on Regulatory Budgets Book

A Primer on Regulatory Budgets Book
  • Page 1

    OECD Journal on Budgeting Volume 2010/3© OECD 2010A new and novel approach to controlling regulatory costs is the concept of the regulatory budget. This concept would require that governments account for regulatory expenditures in a similar way to fiscal expenditures. This article argues that th...

  • Page 2

    A PRIMER ON REGULATORY BUDGETS2OECD JOURNAL ON BUDGETING – VOLUME 2010/3 © OECD 20101. IntroductionA widespread complaint raised by businesses and citizens in OECD countries concerns the amount and complexity of government regulation. In many policy areas, regulatory requirements have become e...

  • Page 3

    A PRIMER ON REGULATORY BUDGETSOECD JOURNAL ON BUDGETING – VOLUME 2010/3 © OECD 20103new regulations with savings made by reducing existing expenditures. This would provide incentives for agencies to re-examine their regulatory stock, as simplification or removal of regulation would be treated ...

  • Page 4

    A PRIMER ON REGULATORY BUDGETS4OECD JOURNAL ON BUDGETING – VOLUME 2010/3 © OECD 2010is that it would establish a clear upper limit on the government’s regulatory activities and recognise trade-offs between competing priorities among various health, safety, environmental and economic policies...

  • Page 5

    A PRIMER ON REGULATORY BUDGETSOECD JOURNAL ON BUDGETING – VOLUME 2010/3 © OECD 20105allowing that they be undertaken or produced in a certain manner (incurring mainly indirect costs). Limiting budgeted costs to the expenditures of firms would reinforce the tendency of regulation to freeze prod...

  • Page 6

    A PRIMER ON REGULATORY BUDGETS6OECD JOURNAL ON BUDGETING – VOLUME 2010/3 © OECD 2010developed and used to proxy for the value of the loss to consumers of the forgone output caused by regulation.The exclusion of benefits in the regulatory budget cannot be easily solved. Perhaps the simplest sol...

  • Page 7

    A PRIMER ON REGULATORY BUDGETSOECD JOURNAL ON BUDGETING – VOLUME 2010/3 © OECD 20107fiscal resources, it appears a logical step to develop regulatory budgets to manage regulatory resources. The development of a “super budget” which would integrate fiscal and regulatory budgets does appear ...

  • Page 8

    A PRIMER ON REGULATORY BUDGETS8OECD JOURNAL ON BUDGETING – VOLUME 2010/3 © OECD 2010ANNEX The United Kingdom’s Proposals for the Introduction of Regulatory BudgetsThe United Kingdom prepared a consultation document actionURI(http://www.berr.gov.uk/files/file47129.pdf):(www.berr.gov.uk/files...

  • Page 9

    A PRIMER ON REGULATORY BUDGETSOECD JOURNAL ON BUDGETING – VOLUME 2010/3 © OECD 20109bureaucracy. The consultation seeks input on the following issues:• Length of budgetary period: Flow of regulations over time is uneven; longer period helps and supports trade-offs. But data are hard to devel...

  • Page 10