Budget Process and Fiscal Rules: Analysis of Past Progress and Future Development
International Scientific Conference “Whither Our Economies”: Proceedings 2014
Kārlis Ketners

Fiscal rules are main legislative instruments to ensure long-term fiscal sustainability and realistic budget projections within budgetary process. Existing fiscal rules and budgetary planning elements are examined. Analysis of theoretical background and Latvian experience of recent changes in respective legislation is performed. It is concluded, that creation of long-term binding numerical fiscal rules was initiated as a response to economic downturn and as reaction to international requirements for having fiscal discipline framework. Proposals on strengthening of fiscal discipline are suggested aimed to simplify the legislative frame and way of appliance of fiscal targets.


Atslēgas vārdi
fiscal discipline, fiscal rules, budget process
Hipersaite
http://woe.mruni.eu/

Ketners, K. Budget Process and Fiscal Rules: Analysis of Past Progress and Future Development. No: International Scientific Conference “Whither Our Economies”: Proceedings, Lietuva, Vilnius, 12.-13. novembris, 2014. Vilnius: Mykolas Romeris University, 2014, 46.-54.lpp. e-ISSN 2029-8501.

Publikācijas valoda
English (en)
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