Should Advanced Countries Adopt a Fiscal Responsibility Law? PDF Download

Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Should Advanced Countries Adopt a Fiscal Responsibility Law? PDF full book. Access full book title Should Advanced Countries Adopt a Fiscal Responsibility Law? by Mr.Ian Lienert. Download full books in PDF and EPUB format.

Should Advanced Countries Adopt a Fiscal Responsibility Law?

Should Advanced Countries Adopt a Fiscal Responsibility Law? PDF Author: Mr.Ian Lienert
Publisher: International Monetary Fund
ISBN: 1455209546
Category : Business & Economics
Languages : en
Pages : 47

Get Book Here

Book Description
Fiscal Responsibility Laws (FRLs) appear to be more popular in middle-income countries than advanced countries, even though their success is limited. The reasons why few advanced countries have a FRL include: the existing legal framework for the budget system is adequate; supranational rules and political agreements in EU countries; failed attempts to include quantitative fiscal rules in laws; lack of consensus or interest in attaining the goals of FRL-type legislation; and lack of need for a law to regulate fiscal transparency, accountability and macro-fiscal stabilization. Without commitment to fiscal discipline, adoption of a FRL may not contribute to attaining fiscal consolidation goals.