Expenditure Rules
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Expenditure Rules
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Author : Till Cordes
language : en
Publisher: International Monetary Fund
Release Date : 2015-02-12
Expenditure Rules written by Till Cordes and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-02-12 with Business & Economics categories.
This paper provides new evidence on the effectiveness of expenditure rules. The analysis is based on a unique dataset covering all countries with national and supranational fiscal rules, including 33 expenditure rules, between 1985 and 2013. It contributes to the existing literature on fiscal rules in two main ways. First, it is the most comprehensive assessment of compliance with rules and of the potential role of expenditure rules, in particular regarding long-term sustainability. Second, it analyzes whether expenditure rules are associated with changes in public investment and its efficiency.
Fiscal Rules At A Glance
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Author : Mrs.Nina Budina
language : en
Publisher: International Monetary Fund
Release Date : 2012-11-14
Fiscal Rules At A Glance written by Mrs.Nina Budina and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-11-14 with Business & Economics categories.
This paper provides country-specific information on fiscal rules in use in 81 countries from 1985 to end-September 2012. It serves as background material and update of the July 2012 Working Paper “Fiscal Rules in Response to the Crisis—Toward the ‘Next Generation’ Rules: A New Dataset” and is also available in an easy accessible electronic data visualization tool (http://www.imf.org/external/datamapper/FiscalRules/map/map.htm.).The dataset covers four types of rules: budget balance rules, debt rules, expenditure rules, and revenue rules, applying to the central or general government or the public sector. It also presents details on various characteristics of rules, such as their legal basis, coverage, escape clauses, as well as key supporting features such as independent monitoring bodies.
Expenditure Rules
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Author : Till Cordes
language : en
Publisher:
Release Date : 2015
Expenditure Rules written by Till Cordes and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Expenditures, Public categories.
This paper provides new evidence on the effectiveness of expenditure rules. The analysis isbased on a unique dataset covering all countries with national and supranational fiscal rules,including 33 expenditure rules, between 1985 and 2013. It contributes to the existingliterature on fiscal rules in two main ways. First, it is the most comprehensive assessment ofcompliance with rules and of the potential role of expenditure rules, in particular regardinglong-term sustainability. Second, it analyzes whether expenditure rules are associated withchanges in public investment and its efficiency
Guidelines For Public Expenditure Management
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Author : Mr.Jack Diamond
language : en
Publisher: International Monetary Fund
Release Date : 1999-07-01
Guidelines For Public Expenditure Management written by Mr.Jack Diamond and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-07-01 with Business & Economics categories.
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.
Expenditure Authorizations And Requirements For Senate Committees
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Author : United States. Congress. Senate. Committee on Rules and Administration
language : en
Publisher:
Release Date : 1977-01-03
Expenditure Authorizations And Requirements For Senate Committees written by United States. Congress. Senate. Committee on Rules and Administration and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1977-01-03 with categories.
National Expenditure Rules
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Author : Joaquim Ayuso-i-Casals
language : en
Publisher:
Release Date : 2012
National Expenditure Rules written by Joaquim Ayuso-i-Casals and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with Government spending policy categories.
"Expenditure rules present a number of features in terms of simplicity, transparency, monitoring and accountability that make them particularly appealing relative to other types of rules and may substantially contribute to an improved fiscal policy making. They also show an appropriate balance between budgetary discipline and macroeconomic stabilization. In turn, they have represented a cornerstone in the fiscal strategy adopted by some EU Member States to sustain successful episodes of fiscal consolidation over the last decades. However, their final effectiveness to promote fiscal discipline depend on a number of design issues such as the appropriate target definition, the time horizon of the rule, the existence of well defined corrective mechanisms, and a suitable coverage both in terms of budgetary items (i.e. spending categories excluded from the coverage) and government layers. Since spending norms only focus on the expenditure side of the budget they need to be supplemented by other types of rules and arrangements (e.g. controls over tax expenditure) to ensure a proper functioning. Last but not least, the design of national spending rules should ensure that government spending developments are in line with the expenditure benchmark included in the reformed SGP and effectively sustain the achievement of the MTOs."--Document home page.
How To Design Subnational Fiscal Rules
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Author : Luc Eyraud
language : en
Publisher: International Monetary Fund
Release Date : 2020-02-25
How To Design Subnational Fiscal Rules written by Luc Eyraud and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-02-25 with Business & Economics categories.
This note discusses how to design subnational fiscal rules, including how to select them and calibrate them. It expands on the guidance provided at the national level on rule selection and calibration in IMF (2018a) and IMF (2018b). Thinking on subnational fiscal rules is still evolving, including their effectiveness (for example, Heinemann, Moessinger, and Yeter 2018; Kotia and Lledó 2016; Foremny 2014), and this note only provides a first analysis based on international experiences and the technical assistance provided by the IMF. Main findings are summarized in Box 1. The note is divided into five sections. The first section defines fiscal rules. The second section discusses the rationale for subnational rules. The third section provides some guidance on how to select the appropriate rule(s) and whether they should differ across individual jurisdictions. The fourth section explores the issue of flexibility by looking at how rules should adjust to shocks. Finally, the last section focuses on the “calibration” of the rules.
Expenditure Authorizations And Requirements For Senate Committees
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Author : United States. Congress. Senate
language : en
Publisher:
Release Date : 2001
Expenditure Authorizations And Requirements For Senate Committees written by United States. Congress. Senate and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with categories.
How Do Expenditure Rules Affect Fiscal Behaviour
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Author : Peter Wierts
language : en
Publisher:
Release Date : 2008
How Do Expenditure Rules Affect Fiscal Behaviour written by Peter Wierts and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
Rules Based Fiscal Policy In France Germany Italy And Spain
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Author : Mr.Gabriel Di Bella
language : en
Publisher: International Monetary Fund
Release Date : 2003-11-14
Rules Based Fiscal Policy In France Germany Italy And Spain written by Mr.Gabriel Di Bella and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-11-14 with Business & Economics categories.
Fiscal rules can help to counteract the deficits and spending biases that too often originate in the political process. Rules that constrain spending--rather than the balance--allow fiscal policy to be countercyclical. Yet the design of effective spending rules is by no means straightforward. Should a rule be real or nominal? How comprehensive should the definition of spending be? What safeguards ensure the credibility of a rule? How do rules work in decentralized systems where regions and states are partially autonomous? France, Germany, Italy, and Spain--countries that could benefit from more emphasis on fiscal rules to constrain spending--are explored here as case studies.