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Expenditure Ceilings—A Survey

This paper looks at the factors that have to be considered when designing an aggregate expenditure ceiling. It is argued that expenditure ceilings are effective in promoting fiscal discipline and sustainability, but that a number of trade-offs have to be made when setting up a fiscal framework that...

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Bibliographic Details
Main Author: Ljungman, Gösta
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2008
Series:IMF Working Papers
Subjects:
Inflation
Debt Service
Budget Systems
Public Finance & Taxation
Deflation
Fiscal Governance
Fiscal Policy
Budget Planning And Preparation
Exports And Imports
International Economics
International Lending And Debt Problems
External Debt
Budgeting
National Government Expenditures And Related Policies: General
Expenditure
Price Level
Interest Payments
Budget
Expenditures, Public
Prices
Macroeconomics
Public Financial Management (pfm)
Budgeting & Financial Management
National Budget
Public Finance
Netherlands, The
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper looks at the factors that have to be considered when designing an aggregate expenditure ceiling. It is argued that expenditure ceilings are effective in promoting fiscal discipline and sustainability, but that a number of trade-offs have to be made when setting up a fiscal framework that will survive in a politically charged environment. The paper illustrates the discussion with a case study of medium-term aggregate expenditure ceilings in three countries: Finland, the Netherlands and Sweden
Physical Description:55 pages
ISBN:9781451871401

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