The ongoing coronavirus pandemic crisis as well as demographic and climate change pose major challenges for public finances. This article deals with the implications of demographic trends in Switzerland, i.e. the progressive ageing of the population and its impact on the country’s public...

Purpose: National Treasury plays a significant role in the country's branding, and its employees are responsible for carrying out its functions. Internal branding empowers management to appropriately manage employee performance. The study aimed to determine whether internal branding practices...

This paper aims to provide a retrospective assessment of Ukraine's state policy concerning state-owned banks and evaluate their impact on the sustainability of Ukraine's public finances. The research methodology employs an empirical study of the cash flow of public funds to state owned banks and...

The financialization hypothesis (FH) is a popular leitmotiv which argues that the financial system conquers the commanding heights of the capitalist economy. It maintains that finance gained independence from productive-capital and began to dominate it. The FH bases this argument on several...

Die Umsetzung von EU-Recht in die innerstaatliche Rechtsordnung kann die Haushalte von Bund und Ländern erheblich belasten. Um derartige finanzielle Auswirkungen zu ermitteln, werden die in Gesetzentwürfen veranschlagten Staatsausgaben für Rechtsakte der EU über einen Zeitraum von 30 Jahren...

Armenia has made significant progress in its development journey by improving its ability towithstand shocks and becoming an upper-middle-income country in 2018. Armenia's GDP per capita more than doubled between 2017 and 2023, to USD 8,053 (current prices) despite several shocks including the...

During the last decade Cambodia succeeded in achieving significant domestic resource mobilization which in turn enabled a rapid expansion of social spending. During the next decade it should shift from spending more to spending better. This Public Finance Review (PFR) informs the next phase of...

This paper attempts to assess the impact of the practical public financial management (PFM) dimensions on fiscal performance in 86 countries observed between 2005 and 2019. Based on augmented panel data models, we conclude that internal audit and the availability of information on resources...

Using a novel large-scale dataset that links thousands of expenditure programs to the Sustainable Development Goals for over a decade, we analyze the impact of public expenditure on more than 100 different development indicators. Contrary to the single-dimensional view of evaluating expenditure...