The primary objective of rule-based fiscal legislation at the subnational level in India is to achieve debt sustainability by placing a ceiling on borrowing and the use of borrowed resources for public capital investment by phasing out deficits in the budget revenue account. This paper examines...

Abstract AbstractAngesichts diverser EURO-Rettungsschirme und der Sorge um den Verlust eigenen Wohlstands durch Umverteilung staatlicher Einnahmen zu Gunsten anderer EURO-Länder einerseits und der Entwertung privater Ersparnisse durch Ausweitung der Geldmenge andererseits, befürchten Bürger...

Every country faces what economists call an intertemporal (across time) budget constraint, which requires that its government's future expenditures, including the servicing of its outstanding official debt, be covered by its government's future receipts when measured in present value. The...

Contents -- Introduction -- The government of the united states depends on taxes for its revenue -- National priorities project -- The us budget, spending, and debt is out of control -- The heritage foundation -- Government spending is good for the us -- Heather boushey and michael ettlinger --...