Franklin

Should Advanced Countries Adopt a Fiscal Responsibility Law? [electronic resource] Lienert, Ian.

Author/Creator:
Lienert, Ian.
Publication:
Washington, D.C. : International Monetary Fund, 2010.
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 10/254.
IMF Working Papers; Working Paper No. 10/254
Format/Description:
Government document
Book
1 online resource (45 p.)
Local subjects:
Accounting standards. (search)
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Accrual budgeting. (search)
Aggregate demand. (search)
Annual budget. (search)
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Budget. (search)
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Budget activities. (search)
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Budget approval. (search)
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Central government debt. (search)
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Debt. (search)
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Department of finance. (search)
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Excessive deficit procedure. (search)
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Extrabudgetary funds. (search)
Federal government budget. (search)
Financial management. (search)
Fiscal activities. (search)
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Fiscal affairs. (search)
Fiscal affairs department. (search)
Fiscal agencies. (search)
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Germany. (search)
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Summary:
Fiscal Responsibility Laws (FRLs) appear to be more popular in middle-income countries than advanced countries, even though their success is limited. The reasons why few advanced countries have a FRL include: the existing legal framework for the budget system is adequate; supranational rules and political agreements in EU countries; failed attempts to include quantitative fiscal rules in laws; lack of consensus or interest in attaining the goals of FRL-type legislation; and lack of need for a law to regulate fiscal transparency, accountability and macro-fiscal stabilization. Without commitment to fiscal discipline, adoption of a FRL may not contribute to attaining fiscal consolidation goals.
Notes:
Description based on print version record.
Contributor:
Lienert, Ian.
Other format:
Print Version:
ISBN:
1455209546:
9781455209545
ISSN:
1018-5941
Publisher Number:
10.5089/9781455209545.001
Access Restriction:
Restricted for use by site license.
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