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Expenditure Ceilings: A Survey

This paper looks at the factors that have to be considered when designing an aggregate expenditure ceiling. It is argued that expenditure ceilings are effective in promoting fiscal discipline and sustainability, but that a number of trade-offs have to be made when setting up a fiscal framework that will survive in a politically charged environment. The paper illustrates the discussion with a case study of medium-term aggregate expenditure ceilings in three countries: Finland, the Netherlands and Sweden.
Year of publication:
2008-12-01
Authors: Ljungman, Gösta
Institutions: International Monetary Fund (IMF)
Subject: Government expenditures | Budgetary policy | Fiscal sustainability | expenditure | expenditure ceiling | government expenditure | fiscal policy | expenditure ceilings | fiscal framework | public expenditure | public finances | fiscal rules | aggregate expenditure | investment expenditure | fiscal discipline | central government expenditure | expenditure items | expenditure increases | expenditure level | tax revenue | budget process | budget negotiations | expenditure categories | total expenditure | medium-term expenditure | fiscal policies | interest expenditure | fiscal balance | debt service | tax wedge | government revenue | budget balance | primary expenditure | expenditure growth | budget law | public spending | expenditure increase | government spending | expenditure cuts | tax expenditure | expenditures | fiscal affairs | fiscal forecasts | fiscal affairs department | public debt | fiscal difficulties | annual budget | tax system | aggregate demand | central government spending | expenditure policies | national budget | expenditure forecasts | fiscal crisis | annual expenditure ceilings | expenditure levels | fiscal conditions | expenditure policy | budget expenditure | aggregate expenditure ceilings | aggregate expenditure ceiling | tax expenditures | national expenditure | structural expenditure | fiscal policy rules | tax reductions | tax bases | structural budget balance | budget preparation process | budgetary rules | nominal expenditure ceiling | tax rates | fiscal rule | fiscal development | fiscal objectives | general government expenditure | fiscal performance | fiscal outcome | structural fiscal | medium-term projections | budget deficits | aggregate fiscal | local government expenditure | tax reforms | medium-term fiscal framework | fiscal policy formulation | fiscal scenarios | fiscal policy envelope | fiscal rectitude | tax changes | sectoral expenditure | fiscal illusion | fiscal stabilizers | sector expenditure | tax policy | fiscal frameworks | structural adjustment | revenue collection | expenditure areas | fiscal policy targets | tax increases | tax cuts | allocation of expenditure | budgetary institutions | expenditure projections | tax ratio | fiscal indicators | state budget | fiscal position | expenditure ratio | budget balances | fiscal stabilization | fiscal transparency | expenditure obligations | administrative expenditure | government budget | classification of expenditure | fiscal analysis | budget systems | medium-term fiscal sustainability | fiscal forecasting | taxation | public finance | fiscal stability | expenditure forecast | fiscal years | expenditure patterns | tax credits | fiscal authorities | composition of government expenditure | tax increase | fiscal impact | central government budget | fiscal risks | government deficit
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Extent:
application/pdf
Series:
Type of publication: Book / Working Paper
Language: English
Notes:
The text is part of a series IMF Working Papers Number 08/282 5 pages long
Source:
Persistent link: https://www.econbiz.de/10005826284
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