Can Budget Institutions Counteract Political Indiscipline?

The budget is an expression of political rather than economic priorities. We confirm this proposition for a group of new and potential members of the European Union, finding that politics dominates. The contemporary practice of democracy can increase budget deficits through not only ideological pref...

Full description

Bibliographic Details
Main Author: Mody, Ashoka
Other Authors: Fabrizio, Stefania
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2006
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
LEADER 02927nmm a2200613 u 4500
001 EB000928301
003 EBX01000000000000000721897
005 00000000000000.0
007 cr|||||||||||||||||||||
008 150128 ||| eng
020 |a 9781451863833 
100 1 |a Mody, Ashoka 
245 0 0 |a Can Budget Institutions Counteract Political Indiscipline?  |c Ashoka Mody, Stefania Fabrizio 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2006 
300 |a 53 pages 
651 4 |a Poland, Republic of 
653 |a Fiscal stance 
653 |a Public debt 
653 |a Labour 
653 |a Budget Systems 
653 |a Analysis of Collective Decision-Making: General 
653 |a Public finance & taxation 
653 |a Unemployment: Models, Duration, Incidence, and Job Search 
653 |a Debt Management 
653 |a Fiscal Policy 
653 |a Debts, Public 
653 |a Debt 
653 |a Unemployment 
653 |a Budget planning and preparation 
653 |a Fiscal policy 
653 |a Budgeting 
653 |a National Government Expenditures and Related Policies: General 
653 |a Labor 
653 |a Sovereign Debt 
653 |a Expenditure 
653 |a Expenditures, Public 
653 |a Budget 
653 |a Macroeconomics 
653 |a Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General 
653 |a Public financial management (PFM) 
653 |a Unemployment rate 
653 |a National Budget 
653 |a Budgeting & financial management 
653 |a National Budget, Deficit, and Debt: General 
653 |a Public Finance 
653 |a Income economics 
700 1 |a Fabrizio, Stefania 
041 0 7 |a eng  |2 ISO 639-2 
989 |b IMF  |a International Monetary Fund 
490 0 |a IMF Working Papers 
028 5 0 |a 10.5089/9781451863833.001 
856 4 0 |u https://elibrary.imf.org/view/journals/001/2006/123/001.2006.issue-123-en.xml?cid=19141-com-dsp-marc  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a The budget is an expression of political rather than economic priorities. We confirm this proposition for a group of new and potential members of the European Union, finding that politics dominates. The contemporary practice of democracy can increase budget deficits through not only ideological preferences but also more fragmented government coalitions and higher voter participation. Long-term structural forces, triggered by societal divisions and representative electoral rules, have more ambiguous implications but also appear to increase budget pressures, as others have also found. However, our most robust, and hopeful, finding is that budget institutions-mechanisms and rules of the budget process-that create checks and balances have significant value even when the politics is representative but undisciplined, and when long-term structural forces are unfavorable