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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.
Author: Roberto Perotti
Publisher: Centre for Economic Policy Research
ISBN: 9781898128359
Category : Business & Economics
Languages : en
Pages : 88
Get Book Here
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.
Author: Fernando C. Ballabriga
Publisher:
ISBN:
Category : Finance, Public
Languages : en
Pages : 48
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Book Description
Author:
Publisher: European Communities
ISBN: 9789279012341
Category : Business & Economics
Languages : en
Pages : 197
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Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 197
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Book Description
Author: Manuel Pedro Rodríguez Bolívar
Publisher: Springer
ISBN: 3319579622
Category : Business & Economics
Languages : en
Pages : 277
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Book Description
This book analyses the methods used to assess financial sustainability as defined by the International Federation of Accountants (IFAC). Recently, there have been calls to consider sustainability as a fundamental guiding principle in public management. The financial and economic crisis has spurred a demand for greater financial sustainability in public administrations. Although the concept of sustainability has been traditionally associated with three dimensions (environmental, social and economic), this book is focuses on the metrics used to evaluate financial sustainability and explores the concept of financial health. It will be of interest to researchers and academics in the field of financial sustainability.
Author: Marco Bisogno
Publisher: Springer Nature
ISBN: 3031551354
Category :
Languages : en
Pages : 152
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Book Description
Author: Andrea Montanino
Publisher:
ISBN:
Category : Finance, Public
Languages : en
Pages : 7
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Book Description
Long-term sustainability of public finances is of increasing concern in the EUcountries and is now regularly assessed. However, due to methodological problemsand data unavailability, this is not an easy task. Thus, quantitative indicators have to be complemented with qualitative information, to improve the information value of the overall assessment. This yearœs assessment shows that at least nine EU countries still present risks of long-term sustainability and five of them (Belgium, Greece, Italy, Germany and France) have more serious problems. The other four (Portugal, Spain, Netherlands and the UK) face some risks due to medium-term budgetary development or, as is the case for Spain and Portugal, due to uncertainties about the long-term projections of pension expenditures.
Author: Calmfors, Lars
Publisher: Nordic Council of Ministers
ISBN: 9289365633
Category : Political Science
Languages : en
Pages : 174
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Book Description
Public finances in the Nordics are facing great future challenges due to demographic developments. Increasing longevity is changing the age structure of the population, significantly raising the share of older people and thus the old-age dependency ratio. Over the last two decades, there has been a strong international trend to strengthen fiscal frameworks by adopting more stringent fiscal rules as well as increasing transparency and accountability. A first aim of the report is to survey and evaluate the fiscal frameworks in the Nordic countries. A second aim is to review how long-run sustainability analyses of public finances are made – and communicated to policy-makers and the general public – in the Nordics, by Ministries of Finance as well as by other institutions. The report also concludes the severity of the fiscal-sustainability problems in the Nordic countries.
Author: International Monetary Fund. Fiscal Affairs Dept.
Publisher: International Monetary Fund
ISBN: 1498335160
Category : Business & Economics
Languages : en
Pages : 73
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Book Description
The sharp increase in fiscal deficits and public debt in most advanced and several developing economies has raised concerns about the sustainability of public finances and highlighted the need for a significant adjustment over the medium term. This paper assesses the usefulness of fiscal rules in supporting fiscal consolidation, discusses the design and implementation of rules based on a new data base spanning the whole Fund membership, and explores the fiscal framework that could be adopted as countries emerge from the crisis.
Author: Mrs.Delia Velculescu
Publisher: International Monetary Fund
ISBN: 145520188X
Category : Business & Economics
Languages : en
Pages : 34
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Book Description
Traditional fiscal indicators focused on measures of current deficits and debt miss the potentially important implications of current policies for future public finances. This could be problematic, including in the case of Europe, where population aging is expected to pose additional fiscal costs not captured by such indicators. To better gauge the state of public finances in the EU27 countries, this paper derives forward-looking fiscal measures of intertemporal net worth both directly from the European Commission’s Aging Working Group’s long-run indicators and using a comprehensive public-sector balance sheet approach. These measures could be used as an "early warning" mechanism and also as a communication device with the public. Current estimates indicate that, on existing policies, the intertemporal net worth of the EU27 is deeply negative, even in excess of its GDP level, and is projected to worsen further over time. This suggests that Europe’s current policies need to be significantly strengthened to bring future liabilities in line with the EU governments’ capacity to generate assets.
