The paper surveys the current situation of implementation of Public Finance Management System - reform in Slovakia, with the existing Belgian System. Based on the comparison of the main elements in the institutional arrangement and budgetary process the paper defines some interesting insights for further improvements in the budgetary process, fiscal policy and debt management in both countries. The main conclusion of the paper is that the both countries could learn a few lessons from each other when comparing the existing Belgian with the Slovak reformed public management system. The paper indicates some of the key different elements in the both public finance management systems.
Financed by the National Centre for Research and Development under grant No. SP/I/1/77065/10 by the strategic scientific research and experimental development program:
SYNAT - “Interdisciplinary System for Interactive Scientific and Scientific-Technical Information”.