Expenditure Ceilings - A Survey
Download or Read eBook Expenditure Ceilings - A Survey PDF written by Gösta Ljungman and published by International Monetary Fund. This book was released on 2008-12 with total page 58 pages. Available in PDF, EPUB and Kindle.
Author | : Gösta Ljungman |
Publisher | : International Monetary Fund |
Total Pages | : 58 |
Release | : 2008-12 |
ISBN-10 | : IND:30000087928101 |
ISBN-13 | : |
Rating | : 4/5 (01 Downloads) |
Book Synopsis Expenditure Ceilings - A Survey by : Gösta Ljungman
Book excerpt: 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.