Budgeting for fiscal space

Allen Schick

OECD Journal on Budgeting, 2009, vol. 9, issue 2, 1-18

Abstract: Fiscal space refers to the financial resources available to a government for policy initiatives through the budget and related decisions. This article reviews the factors that contribute to the shrinkage of fiscal space, considers methods for protecting or enlarging it, and reflects on how budgeting may be recast into a process for explicitly allocating scarce fiscal space.

Date: 2009
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