Abstract
Budgetary institutions have been playing a crucial rule in explaining the varying fiscal performance among different countries. Both theoretical and empirical literature support the idea that budgetary institutions matter for the distribution of power among the key relevant players involved in the budgeting processes, and that they are expected to affect the ultimate outcomes of the fiscal policy. In light of this context, this paper assesses the quality of Egypt's budgetary institutions alongside each of the main phases of the budget cycle, and it analyzes how such institutions may affect the country's overall fiscal performance. The analysis shows that Egypt's fiscal performance can be improved if budgetary institutions, especially those related to transparency and sustainability issues, are strengthened.
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