Fiscal Rules and the Budget Process - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Fiscal Rules and the Budget Process write by Mr.Gian Milesi-Ferretti. This book was released on 1996-06-01. Fiscal Rules and the Budget Process available in PDF, EPUB and Kindle. This paper examines the rationale for the imposition of fiscal rules as a way to reduce budgetary imbalances. It presents theoretical arguments for the existence of a “fiscal deficit bias” and the empirical evidence on the economic, political and institutional factors leading to this bias. In the context of these findings, it discusses the potential role of legal constraints on the level of key fiscal variables, and of reforms in budgetary procedures in enhancing fiscal discipline. It also evaluates proposals for budgetary reform in Italy.
Fiscal Rules and the Budget Process
Fiscal Rules and the Budget Process - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Fiscal Rules and the Budget Process write by Gian Maria Milesi-Ferretti. This book was released on 2006. Fiscal Rules and the Budget Process available in PDF, EPUB and Kindle. This paper examines the rationale for the imposition of fiscal rules as a way to reduce budgetary imbalances. It presents theoretical arguments for the existence of a quot;fiscal deficit biasquot; and the empirical evidence on the economic, political and institutional factors leading to this bias. In the context of these findings, it discusses the potential role of legal constraints on the level of key fiscal variables, and of reforms in budgetary procedures in enhancing fiscal discipline. It also evaluates proposals for budgetary reform in Italy.
Fiscal Rules to Tame the Political Budget Cycle
Fiscal Rules to Tame the Political Budget Cycle - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Fiscal Rules to Tame the Political Budget Cycle write by Lorenzo Forni. This book was released on 2017-01-20. Fiscal Rules to Tame the Political Budget Cycle available in PDF, EPUB and Kindle. The paper provides evidence that fiscal rules can limit the political budget cycle. It focuses on the application of the Italian fiscal rule at the sub-national level over the period 2004-2006 and shows that: 1) municipalities are subject to political budget cycles in capital spending; 2) the Italian subnational fiscal rule introduced in 1999 has been enforced by the central government; 3) municipalities subject to the fiscal rule show more limited political budget cycles than municipalities not subject to the rule. In order to identify the effect, we rely on the fact that the domestic fiscal rule does not apply to municipalities below 5,000 inhabitants. We find that the political budget cycle increases real capital spending by about 35 percent on average in the years prior to municipal elections and that the sub-national fiscal rule reduces these figures by about two thirds.
Legislatures and the Budget Process
Legislatures and the Budget Process - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Legislatures and the Budget Process write by J. Wehner. This book was released on 2010-06-23. Legislatures and the Budget Process available in PDF, EPUB and Kindle. What is the role of legislatures in the budget process? Do powerful assemblies give rise to pro-spending bias? This survey of legislative budgeting tackles these questions using cross-national data and case studies. It highlights the tension between legislative authority and prudent fiscal policy, exploring strategies for reconciliation.
Guidelines for Public Expenditure Management
Guidelines for Public Expenditure Management - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Guidelines for Public Expenditure Management write by Mr.Jack Diamond. This book was released on 1999-07-01. Guidelines for Public Expenditure Management available in PDF, EPUB and Kindle. Traditionally, economics training in public finances has focused more on tax than public expenditure issues, and within expenditure, more on policy considerations than the more mundane matters of public expenditure management. For many years, the IMF's Public Expenditure Management Division has answered specific questions raised by fiscal economists on such missions. Based on this experience, these guidelines arose from the need to provide a general overview of the principles and practices observed in three key aspects of public expenditure management: budget preparation, budget execution, and cash planning. For each aspect of public expenditure management, the guidelines identify separately the differing practices in four groups of countries - the francophone systems, the Commonwealth systems, Latin America, and those in the transition economies. Edited by Barry H. Potter and Jack Diamond, this publication is intended for a general fiscal, or a general budget, advisor interested in the macroeconomic dimension of public expenditure management.
