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The federal budget : economics and politics
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ISBN: 0917616480 0917616499 Year: 1982 Publisher: San Francisco Institute for Contemporary Studies

The political economy of fiscal decisions : the strategic role of public debt
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ISBN: 3790811300 3642589936 9783790811308 Year: 1998 Publisher: Heidelberg Physica

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Abstract

A ruling party decides each of two periods on the level of public goods which it finances by means of taxation and internal debt. The debt has to be honoured by the government of the second period. Between the two periods elections take place, which may change the ruling party. The book analyzes the fiscal decision of the first government which aims to maximize the long run utility of its representative voter. Conditions under which the government uses debt strategically in order to stay in power are identified. It is also shown how the fiscal decisions hinge on the populations' political structure and its beliefs about the future government.


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Fiscal management
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ISBN: 0821361422 9786610168958 1280168951 0821361430 Year: 2005 Publisher: Washington, D.C. : World Bank,

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Accountability of government to citizens-the idea that the public sector must answer to the people for its performance-is the foundation for good governance. Under good governance, public expenditures are allocated to maximize welfare, revenues are collected efficiently, and the public at large has access to a number of public services including water and sanitation, infrastructure, education and health. Unfortunately in many developing countries, the people suffer the results of dysfunctional governance systems that fail to provide even minimal levels of vital public services. This happens be


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Fiscal sustainability in theory and practice : a handbook
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ISBN: 082135874X 0821358758 9786610214044 128021404X 9780821358740 Year: 2005 Publisher: Washington, D.C. : World Bank,

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Fiscal sustainability analysis is the use of a simple set of tools to analyze a government's budget and its debt position, and leads to conclusions - given the government's debt level - about the appropriateness of fiscal policy. Many economists are familiar with fiscal sustainability analysis, but there is no single reference work that explains it. Fiscal Sustainability in Theory and Practice fills this gap. The handbook is organized around three themes: (i) basic theory and tools for everyday use, (ii) the effects of business cycles on public finance and the role of fiscal rules, and (iii) c

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