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Author:
Publisher:
ISBN: 9789279228520
Category : Finance, Public
Languages : en
Pages : 348
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Book Description
The 2012 Report on Public Finances in EMU presents recent budgetary developments, reports developments in budgetary surveillance, proposes an analysis of the effect of fiscal multipliers on the possibility of self-defeating fiscal consolidations and shows the relevance of fiscal frameworks for budgetary outcomes at the sub-national level in the EU.
Author:
Publisher:
ISBN: 9789279228520
Category : Finance, Public
Languages : en
Pages : 348
Get Book Here
Book Description
The 2012 Report on Public Finances in EMU presents recent budgetary developments, reports developments in budgetary surveillance, proposes an analysis of the effect of fiscal multipliers on the possibility of self-defeating fiscal consolidations and shows the relevance of fiscal frameworks for budgetary outcomes at the sub-national level in the EU.
Author:
Publisher: European Communities
ISBN: 9789279192975
Category : Business & Economics
Languages : en
Pages : 212
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Book Description
"The annual report on the public finances in EMU brings together in a single publication a review of key policy developments and analytical findings in the area of the public finances. [...] the report starts with a detailed description and analysis of recent budgetary developments and an assessment of the outlook over the coming years. Second, it discusses the proposed reform to the EU's fiscal surveillance framework, which is currently awaiting final approval in the Council and the European Parliament. The third and fourth parts of the report provide analytical work on topical issues for fiscal policy makers."--Cover.
Author:
Publisher:
ISBN: 9783844374605
Category :
Languages : en
Pages : 0
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Book Description
Author: European Commission. Directorate-General for Economic and Financial Affairs
Publisher:
ISBN:
Category : Economic policy
Languages : en
Pages : 302
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Book Description
Author: European Commission. Directorate-General for Economic and Financial Affairs
Publisher:
ISBN:
Category : European Economic Community countries
Languages : en
Pages : 342
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Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
The Communication on Public Finances in EMU 2005 summarises the main policy messages of the yearly Public Finances in EMU report prepared by Directorate General for Economic and Financial Affairs. The Commission calls on Member States to live up to their renewed commitment to sound budgetary policies and pledges to implement forcefully the reformed Growth and Stability Pact. The report shows that the average budget deficit in the euro area and in the EU25 improved slightly in 2004 after having deteriorated for three consecutive years. But this was largely the result of progress in new Member States. The situation of public finances needs to be dealt with resolutely to prevent debt ratios from increasing, also in view of looming ageing prospects, and to better use public resources to foster a higher growth potential. The main conclusions from the analysis presented in the 2005 Public Finances in EMU report are as follows: In spite of a reduction in deficits in the EU area, debt is increasing and sustainability of public finances is not ensured in many countries. This calls for a renewed attention to the evolution of the debt, including to stock flow adjustments, and to the quality of fiscal consolidations. There is an increasing discrepancy between Member States' budgetary plans and the actual results, which is due mostly to expenditure slippages. The answer to this must be well-designed medium-term expenditure frameworks at national level to help achieve a better control over expenditure. Structural reforms are key to increase growth potential, but may increase deficits in the short-term. However, this impact is in general quite small and depends on the type of reform. This evidence points in favour of considering structural reforms in the evaluation of budgetary policies but also of assessing them on a case-by-case basis when implementing the reformed Stability and Growth Pact. As in many other Member States, there is scope in the recently acceded Member States to manage their public finances in such a way to combine growth and stability objectives via restructured expenditure programmes, improved tax administration and strengthened fiscal governance.
Author:
Publisher: European Communities
ISBN: 9789289449588
Category : Business & Economics
Languages : en
Pages : 289
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Book Description
Author: European Commission. Directorate-General for Economic and Financial Affairs
Publisher:
ISBN:
Category : Finance, Public
Languages : en
Pages : 399
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Book Description
Author: Philipp Mohl
Publisher:
ISBN: 9789276439493
Category :
Languages : en
Pages : 0
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Book Description
This annual report presents a review of key policy developments and analytical findings in the area of public finances.
Author: Roberto Perotti
Publisher: Centre for Economic Policy Research
ISBN: 9781898128359
Category : Business & Economics
Languages : en
Pages : 88
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Book Description
A central tenet of the Maastricht Treaty is that a successful European Monetary Union requires sustainable public finances of its member states, yet there is no clear definition of sustainability. This book develops a concept of sustainability focusing on the controllability of public finances. After reviewing the theoretical and empirical arguments for a disaggregate and institutions-oriented approach to correcting non-sustainable deficits, the authors propose a practical procedure to assess the sustainability of a country's public finances.
