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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| Format: | Electronic Article |
| Language: | English |
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Paris
OECD Publishing
2010
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| Subjects: | |
| Online Access: | DE-862 DE-863 |
| 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) |
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| spelling | Anderson, Barry VerfasserIn 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) Text txt rdacontent Computermedien c rdamedia Online-Ressource 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 MitwirkendeR ctb Enthalten in OECD Journal on Budgeting Vol. 9, no. 3, p. 7-117 volume:9 year:2010 number:3 pages:7-117 |
| 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_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 |
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