Budgeting is allocating limited resources to unlimited needs and aims to maximise the use of resources that are usually scarce. In the face of these scarce resources, continuous attention to planning, allocating resources, and budgeting is an undeniable necessity. The importance of the budget in...

In recent years, many countries have sought to transform their fiscal frameworks, with the aim of rendering their public finances more sustainable and preventing the emergence of fiscal problems. This report presents the findings of comparative research into the fiscal frameworks of five...

EU fiscal rules are meant to keep public finances on a sustainable path. This paper presents a new database that tracks numerical compliance with the four main rules of the Stability and Growth Pact starting in 1998. Our assessment of numerical compliance abstracts from the many exceptions and...

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...

In online advertising markets, budget-constrained advertisers acquire ad placements through repeated bidding in auctions on various platforms. We present a strategy for bidding optimally in a set of auctions that may or may not be incentive-compatible under the presence of budget constraints....

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...

The study aim to analyze fiscal and monetary policy in the management of indonesia's state budget according to Abu Ubaid Al-Qasim. This research takes the form of a historical figure, namely historical research on one of the lives of a person that includes ideas, thoughts, as well as influential...

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...

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...

In der Juniausgabe 2022 veröffentlichte der Wirtschaftsdienst einen Aufsatz mit dem Titel "Dezemberfieber senken: Vermeidung von verschwenderischen Jahresendausgaben" von Christoph Siemroth. Gunnar Schwarting vertritt in einer Replik eine andere Auffassung, im Anschluss erläutert Christoph...

Im öffentlichen Sektor laufen die Finanzmittel zum Jahresende aus, sodass die Verantwortlichen einen starken Anreiz haben, die verbleibenden Mittel kurz vor Ablauf der Frist ineffizient auszugeben. Die Arten von Ineffizienzen dieses Verhaltens, seine Ursachen und dessen Ausmaß werden erörtert...

Infolge der Herausforderungen durch Corona-Pandemie und Energiepreiskrise wird das Haushaltsvolumen des Landes Nordrhein-Westfalen (NRW) im Jahr 2023 deutlich steigen. Die Auflösung des NRW-Rettungsschirms wird dabei genutzt, um eine "Krisenbewältigungsrücklage" ins Leben zu rufen. Insgesamt...

This paper studies the effect of the standardization of the strategy translation process on procedural fairness in budgeting and firm performance. Analysis of 250 valid questionnaires using a structural equation model shows that the strategy translation process (STP) affects firm performance not...

The fiscal and budgetary policies of the five-year term that ended in May 2022 have each had a very different and opposite tempo from the previous one. The fiscal policy had showed great continuity by lowering mandatory taxes on households and businesses in accordance with the doctrine announced...

In this paper, we investigate the impact of budgetary slack on the allocated budget and the achievement of organizational goals under a centralized performance-based budgeting (PBB) strategy. A mathematical model is developed to select the strategic portfolio of activities and allocate budget to...

The pandemic has highlighted and amplified the economic, social and health vulnerability of many Canadians. There is much that should be done. But how much can be tackled without risking large costs in the future? And what are the most effective and efficient approaches? Canadians should weigh...

In theory, the management of public funds by Canada’s senior governments – federal, provincial and territorial – reflects the preferences of Canadians, expressed through their elected representatives. In practice, however, the revenues and expenses of senior governments – and the...

Abstract: One of the fundamental questions in democratic governance is whether policies are best decided by elected officials or by appointed bureaucrat-experts. The study examines this issue in the context of how municipal government form influences government-wide budgetary solvency....

Based on results for Q3 2021, tax and non-tax revenues of consolidated budgets of RF constituent entities increased markedly as compared with the same period of 2019. In 2021, the pattern of regional consolidated budgets’ expenditures does not differ very much from the pre-pandemic one, which...

In this paper we collect detailed information on the budget institutions of Latin American countries. We classify these institutions on a `hierarchical'/'collegial' scale, as a function of their transparency and the existence of legislative constraints on the deficit. We then show that...

World experience shows that public participation in the budget process and openness in the public sector are the necessary conditions for a proper economic strategy of the State. Financial openness contributes to the efficient collection and distribution of public resources. It expands the...

Mindestens 15 Milliarden Euro Neuverschuldung tragen nichts zur Bekämpfung der Pandemiefolgen bei. Zu diesem Ergebnis kommt das Institut für Weltwirtschaft (IfW Kiel) in einem Gutachten für die Initiative Neue Soziale Marktwirtschaft (INSM). Hätte der Bundestag bei der Verabschiedung des...

This festschrift celebrates the extensive contribution John Wanna has made to the research and practice of politics, policy and public administration. It includes both personal acknowledgements of his work and substantial essays on the issues that he focused most closely upon during his academic...

Die Corona-Pandemie belastet den Haushalt des Landes Nordrhein-Westfalen auch im kommenden Jahr. Das Ausrufen einer Notsituation für 2022 und damit das Aussetzen des regulären Verbots einer Nettoneuverschuldung ist nachvollziehbar und kann die wirtschaftliche Erholung stützen.

This report represents the largest assessment of village spending since the enactment of the Village Law. The findings presented here are based on a public expenditure analysis of financial data from 45,625 rural villages across 248 districts and 33 provinces. This represents over 58 percent of...