In the context of limitation of government expenditures, efficiency of their spending should be improved. The quality of budget governance can be improved by using a comprehensive approach only that will help to cover the broadest range of the applied regulating tools and to align their...

We review the application of cyclically balanced budget rules in Switzerland and Chile. The budgets of these countries, drawn up based on the cyclical balance rule, have improved their primary indicators of fiscal sustainability (the level of public debt, primary surplus)