Fiscal futures, institutional budget reforms, and their effects: What can be learned?
Long-term fiscal projections provide a basis to discuss the sustainability of current public policies over an extended period (ten years or more) against select fiscal indicator(s). They do so by modelling future government expenditures and revenues based upon a number of explicit demographic, macro...
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| Main Author: | |
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| Other Authors: | |
| Format: | Electronic Book Chapter |
| Language: | English |
| Published: |
Paris
OECD Publishing
2010
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| Subjects: | |
| Online Access: | DE-384 DE-473 DE-824 DE-29 DE-739 DE-355 DE-20 DE-1028 DE-1049 DE-521 DE-861 DE-898 DE-92 DE-91 DE-573 DE-19 Volltext |
| Summary: | Long-term fiscal projections provide a basis to discuss the sustainability of current public policies over an extended period (ten years or more) against select fiscal indicator(s). They do so by modelling future government expenditures and revenues based upon a number of explicit demographic, macroeconomic, microeconomic, and other assumptions. Such projections have been considered best practice for budget/ fiscal transparency for nearly a decade, yet their use is still limited to a relatively small number of industrialised countries. This article extrapolates evidence from 12 OECD countries of the role of fiscal projections in balancing political pressures for short-term spending against fiscal pressures and risks over an extended time horizon. The article makes recommendations concerning three aspects of fiscal projections: their frequency; their analytical quality; and their institutional quality |
| Physical Description: | 1 Online-Ressource (111 Seiten) |
| DOI: | 10.1787/budget-9-5kmh6dnl056g |
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| spelling | Anderson, Barry Verfasser aut Fiscal futures, institutional budget reforms, and their effects What can be learned? Barry Anderson and James Sheppard Paris OECD Publishing 2010 1 Online-Ressource (111 Seiten) txt rdacontent c rdamedia cr rdacarrier Long-term fiscal projections provide a basis to discuss the sustainability of current public policies over an extended period (ten years or more) against select fiscal indicator(s). They do so by modelling future government expenditures and revenues based upon a number of explicit demographic, macroeconomic, microeconomic, and other assumptions. Such projections have been considered best practice for budget/ fiscal transparency for nearly a decade, yet their use is still limited to a relatively small number of industrialised countries. This article extrapolates evidence from 12 OECD countries of the role of fiscal projections in balancing political pressures for short-term spending against fiscal pressures and risks over an extended time horizon. The article makes recommendations concerning three aspects of fiscal projections: their frequency; their analytical quality; and their institutional quality Finance and Investment Governance Sheppard, James ctb https://doi.org/10.1787/budget-9-5kmh6dnl056g Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Anderson, Barry Fiscal futures, institutional budget reforms, and their effects What can be learned? Finance and Investment Governance |
| title | Fiscal futures, institutional budget reforms, and their effects What can be learned? |
| title_auth | Fiscal futures, institutional budget reforms, and their effects What can be learned? |
| title_exact_search | Fiscal futures, institutional budget reforms, and their effects What can be learned? |
| title_exact_search_txtP | Fiscal futures, institutional budget reforms, and their effects What can be learned? |
| title_full | Fiscal futures, institutional budget reforms, and their effects What can be learned? Barry Anderson and James Sheppard |
| title_fullStr | Fiscal futures, institutional budget reforms, and their effects What can be learned? Barry Anderson and James Sheppard |
| title_full_unstemmed | Fiscal futures, institutional budget reforms, and their effects What can be learned? Barry Anderson and James Sheppard |
| title_short | Fiscal futures, institutional budget reforms, and their effects |
| title_sort | fiscal futures institutional budget reforms and their effects what can be learned |
| title_sub | What can be learned? |
| topic | Finance and Investment Governance |
| topic_facet | Finance and Investment Governance |
| url | https://doi.org/10.1787/budget-9-5kmh6dnl056g |
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