This report has been drawn up in accordance with Article 63 of Regulation (EU) 2018/1727 of the European Parliament and of the Council of 14 November 2018 on the EU Agency for Criminal Justice Cooperation (Eurojust) (henceforth, "Eurojust Regulation" or "EJR"), replacing and repealing Council...

This Economic Brief analyses the euro area fiscal stance, i.e. the impulse that national and the EU budgets provide to the euro area economy, with a focus on the 2024-2026 period. In the euro area, the European Central Bank (ECB) is entrusted with the objective of maintaining price stability...

The global economy has proven resilient in the post-pandemic period, with global disinflation continuing, but with significant remaining uncertainty. This backdrop and transformations in the economic landscape are driving strong demand for Fund engagement. The proposed budget is guided by the...

The medium-term budget projection for 2025 to 2029 indicates a persistently high need for fiscal consolidation in Austria's public finances. If the consolidation measures announced by mid-April remain unchanged, the general government deficit would remain close to 4 percent of GDP throughout the...

Das Sondervermögen Infrastruktur und Klimaneutralität (SVIK) soll den staatlichen Investitionsrückstand in Deutschland auflösen. Damit dieses Mammutprojekt gelingen kann, zeigt diese Studie wesentliche Stolpersteine auf und gibt konkrete Handlungsempfehlungen. Der Bund hat seine...

Working Document V presents the budget implementation forecast for 2024, information on assigned revenue (implementation in 2023 and estimation for 2025) and a progress report on outstanding commitments (RAL) pursuant to Articles 41(3)(d) and 41(8) of the Financial Regulation

Working Document V presents the budget implementation forecast for 2024, information on assigned revenue (implementation in 2023 and estimation for 2025) and a progress report on outstanding commitments (RAL) pursuant to Articles 41(3)(d) and 41(8) of the Financial Regulation

In February 2024, the European Parliament gave consent to and the Council agreed at unanimity on the first ever mid-term revision of the expenditure ceilings in the multiannual financial framework (MFF), following the Commission's proposal of June 2023. The agreement reached on the mid-term...

This report has been drawn up in accordance with Article 63 of Regulation (EU) 2018/1727 of the European Parliament and of the Council of 14 November 2018 on the EU Agency for Criminal Justice Cooperation (Eurojust) (henceforth, "Eurojust Regulation" or "EJR"), replacing and repealing Council...

This policy brief discusses how the 2021-2027 Multiannual Financial Framework (MFF) and NextGenerationEU contribute to the EU's priorities, including the green transition, digitalisation, and recovery from the COVID-19 pandemic. Despite its substantial impact on the ground, the MFF has...

Working Document II presents information on the human resources of the EU institutions and executive agencies, and in particular for the Commission, both for the establishment plans and for external personnel and across all headings of the multiannual financial framework. Moreover, pursuant to...

This study examines whether motivation and the budgeting participation level mediate the relationship between favorable supervisory feedback environments (FSFEs) and behavior of budget gaming. The model's adequacy was evaluated with structural modeling, and hypothesis testing was conducted using...

Leveraging insights from the academic literature, this paper discusses the challenges and practical solutions in the planning of public investment projects and illustrates them with survey evidence from the EU Member States. The paper starts with strategic planning, which covers a 10-to-20-year...

This paper presents a detailed analysis of fiscal frameworks across the six Western Balkan economies utilizing a newly compiled dataset based on the European Commission's Fiscal Governance Database. The analysis reveals that although all six Western Balkan countries have implemented some form of...

The Executive Board of the International Monetary Fund approved the 2025-27 financial years (FY25-27) medium-term budget. While the global economy has shown resilience to successive adverse shocks, the overall global economic context remains complex with slow and uneven growth, increased...

Public financial management reforms in the Government of South Sudan are proceeding within a challenging environment as the post-civil war recovery remains fragile. As a result, the Ministry of Finance and Planning faces significant challenges in preparing realistic budgets and enforcing...

Gender budgeting is a public financial management (PFM) tool, used to ensure accountability mechanisms. The analysis of "process" indicators of gender-responsive PFM (GRPFM) reveals that India has been successful in integrating a gender lens within the budget cycle, including in the financial...

Pakistan's tight fiscal situation will require strong control over the budget in coming years. This report provides recommendations on steps to strengthen the country's fiscal institutions to deliver a more credible budget, tighten its execution and prevent policy slippages. It also advises on...

The present paper aims to determine what factors affect the success of participatory budgets in Polish cities and what factors affect the size of these budgets. The study covered all 66 cities with powiat rights from 2016 to 2021. A panel data model was used. The first research hypothesis states...

Purpose: This study delves into the inadequacies of the traditional budgeting process and their role in instigating budgetary slacking behaviour within organisations. It aims to unveil the underlying mechanisms behind this behaviour and provides practical insights for organisational enhancement....

Every couple of years, the debt limit shows up to wreak havoc in American law and public finance. By capping the face value of government securities that can be “outstanding at one time,” the statutory limit threatens Treasury’s ability to raise the revenue needed to fund required...

A bill to amend the US EPA Water Infrastructure and Finance Act (WIFIA) loan Program is expected to be introduced in Congress soon. This short bill contains various amendments and directives that will improve the WIFIA Program. One amendment stands out. It involves the federal budgetary...

Two bills to amend the US EPA Water Infrastructure and Finance Act (WIFIA) loan Program are expected to be in Congress soon. These short bills contain various amendments and directives that will improve the WIFIA Program. One amendment in both stands out. It involves the federal budgetary...

OVERVIEW OF NEW BOOK BY AKEPE, MOKUBE AND MERNSUH"Enhancing Budgetary Allocation and Monitoring in African Countries: A Path to Sustainable Development" is a groundbreaking book that explores the critical issue of budgetary allocation and monitoring in African countries. Authored by a team of...

MTBFs generally cover the preparation, execution, and monitoring of multiannual budget plans and encompass expenditure and revenue predictions. Overall, a well-designed MTBF reflects the impact of past budgetary obligations and the future cost of new policy measures. It is explained by the...