Sustainability of Public Budgets

Christopher Hartwell and Marcello Signorelli

Chapter 15 in Palgrave Dictionary of Emerging Markets and Transition Economics, 2015, pp 296-313 from Palgrave Macmillan

Abstract: Abstract The idea of budget ‘sustainability’ is a multi-faceted concept that often refers to the inter-temporal budget constraint that a government faces. However, this is not the only way in which sustainability may be encapsulated, as other considerations than solvency often come into play. This chapter examines the various conceptions of sustainability for public budgeting and how they influence policy choices, as well as the various ways in which public budgets may be sustained. We conclude with an examination of the challenges of sustainability in emerging market and transition economies.

Keywords: Sustainability; Public Budget; Debt; Fiscal and Monetary Rules. (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-37138-6_16

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DOI: 10.1007/978-1-137-37138-6_16

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