Quotation Seiwald, Johann, Polzer, Tobias. 2020. Reflections on the Austrian COVID-19 budgetary emergency measures and their potential to reconfigure the public financial management system. Journal of Public Budgeting, Accounting & Financial Management. 32 855-864.


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Abstract

Purpose–Crises constitute stress tests for public sectors, with public financial management (PFM) systemshaving to respond to emergency needs. In this study, the authors analyze (1) what elements of the AustrianPFM system have been affected by the COVID-19 pandemic and (2) what mechanisms have been applied toclose identified gaps in the PFM system and to ensure alignment with budget principles. The authors thenreflect on these PFM measures.Design/methodology/approach–The research departs from the pre-crisis configuration of the AustrianPFM system. Making use of a data triangulation strategy, the paper analyses draft laws and regulations withcorresponding explanatory notes and impact assessments, transcripts from debates in the federal Parliamentand articles and commentaries issued by various stakeholders.Findings–The analysis of five areas relevant to the reconfiguration of the Austrian PFM system shows thatthe pandemic has caused an external shock, but at the same time, the current system has not been challenged insubstance and has been utilized to react to the pandemic—resulting in (ad hoc) modifications. The system hasproved robust and crisis responsive; however, in a reactive pattern, emerging ad hoc elements have beenintegrated, with a number of defensive mechanisms ensuring compliance with budget principles. In addition, insome areas, more proactive actions have been taken for closing system gaps (e.g. risk disclosure).Originality/value–The authors evaluate the likelihood of (proposed, decided and implemented) emergingelements or revisions to a PFM system being embedded into the existing PFM system, alongside reflecting onresults and necessary further adjustments.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Journal of Public Budgeting, Accounting & Financial Management
Language English
Title Reflections on the Austrian COVID-19 budgetary emergency measures and their potential to reconfigure the public financial management system
Volume 32
Year 2020
Page from 855
Page to 864
Reviewed? Y
URL https://www.emerald.com/insight/content/doi/10.1108/JPBAFM-07-2020-0103/full/xml
DOI http://dx.doi.org/10.1108/jpbafm-07-2020-0103
Open Access N

Associations

People
Seiwald, Johann (Details)
Polzer, Tobias (Details)
Organization
Research Institute for Urban Management and Governance FI (Details)
Urban Management and Governance (Meyer) (Details)
Institute for Organization Studies IN (Details)
Research areas (ÖSTAT Classification 'Statistik Austria')
5307 Business and management economics (Details)
5359 Controlling (Details)
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