brake were to be maintained and taxes were not increased. The additional expenditure and/or revenue shortfall of the cam … level of current interest rates, this would require an innovation-friendly and investment-boosting policy, which is not to … Schuldenbremse jedoch abgelehnt und gleichzeitig sogar signifikante Steuersenkungen versprochen. Die Kostenkalkulationen eines …

We assess the specific need (or its absence) of a country to implement a fiscal consolidation programme by focusing … primary balance above or below the debt-stabilizing primary balance (provided by the IMF's Debt Sustainability Analysis) for … each country. We then link the need for and the actual (historical) existence of fiscal adjustments to their sustainability …

We assess the specific need (or its absence) of a country to implement a fiscal consolidation programme by focusing … primary balance above or below the debt-stabilizing primary balance (provided by the IMF’s Debt Sustainability Analysis) for … each country. We then link the need for and the actual (historical) existence of fiscal adjustments to their sustainability …

their financial activities including all revenue and expenditure and implementation of their plans in the framework of … budget and it has vital role in economic development. The studies show that, it is good to have balanced budget but always we … budget is war and economics recession. There are different views about budget balance some economists say it is good but …

crisis can exhaust country's resources forcing it to either apply for an IMF program or to default on its foreign or domestic … should avoid defaults during crises and that domestic default is the most disruptive form of default. The economic outcomes … of sovereign defaults are in general unequivocal and depend, e.g., on the level of external debt. IMF programs are found …

burden. Introducing an expenditure rule along the lines of the EFB would, however, not necessarily and by itself alleviate …Against the background of the European Commission's reform plans of the Stability and Growth Pact (SGP) this policy … reform options from 2024 onwards. Next to a return to the existing and unreformed rules based on achieving the so …

South Africa runs a primary fiscal deficit and the long-term interest rate on government borrowing, r, is greater than … stop. Reforms to raise growth have not materialized, leaving fiscal consolidation as the second-best solution to achieve …-toGDP as the fiscal anchor and for the intermediate operational objective to be a pre-announced path for real government …

The debate on the reform of the European Union's fiscal rules, the Stability and Growth Pact, has largely focused on … their design. This nearly exclusive focus has distracted attention from the equally, if not more, important aspects of … implementation. The reform, completed in April 2024, left implementation unaddressed, or at least open to very different potential …

safe option, not the only one. A restructuring conducted via the CAC will leave no holdouts and will survive almost any … debt restructuring as an example, this paper explains why Euro CACs do not, in fact, materially constrain a sovereign …, although it will encounter various legal constraints in doing so. These constraints, however, are not absolute; there is room …

Most states (Vermont is the exception) have a constitutional or statutory limitation restricting their ability to run … deficits in the state's general fund. Balanced budget limitations may be either prospective or beginning …-of-the-year requirements or retrospective or end-of-the-year requirements. Using budget data from a panel of 47 U.S. states for the period 1970 …