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reassessed by taking into account lessons from the current crisis: the share of government borrowing in foreign currency will …
Persistent link: https://www.econbiz.de/10009690137
This paper analyses of some the key aspects of public expenditure policy in Denmark. The public expenditure to GDP ratio has abated markedly since the mid-1990s, reflecting both cyclical gains and the return on structural reforms. Nevertheless, the underlying upward pressure on government...
Persistent link: https://www.econbiz.de/10012443874
This paper looks at ways of ensuring Czech regions and municipalities are fully motivated to make efficiency improvements in public service provision and so help achieve countrywide fiscal sustainability. The very large number of small municipalities in the Czech Republic means that scale...
Persistent link: https://www.econbiz.de/10012446503
This article describes the changes that have taken place in the work of the Budget Office of the central government as a consequence of the transition from the traditional budget process, often referred to as “incremental budgeting”, to top-down budgeting. This transition has taken place in...
Persistent link: https://www.econbiz.de/10012418950
The Republic of Kazakhstan is the largest economy in central Asia, and one of the fastest growing in the region. Having benefited from oil wealth as well as a diversifying and liberalised economy, Kazakhstan envisages a progressive modernisation of the political, administrative and juridical...
Persistent link: https://www.econbiz.de/10012418951
Indonesia's fiscal position is generally sound and policy making prudent. However, the country still faces important challenges in terms of economic and social development. Infrastructure, education, health and social security are all spending areas that the government is trying to improve...
Persistent link: https://www.econbiz.de/10011700310
indicators combines information on the mix of public spending. Each spending item share is multiplied with an estimated … up to an aggregate inclusive growth indicator. The spending mix analysis cannot, however, measure the effectiveness of … provides an indicative overall indicator on the effects of public spending on inclusive growth. The analysis suggests that …
Persistent link: https://www.econbiz.de/10011914165
This paper provides evidence on the effects of the size and the composition of public spending on long-term growth and inequality. An estimated baseline convergence model captures the long-term effect of human capital and total investment on potential output for a panel of OECD countries. The...
Persistent link: https://www.econbiz.de/10011578188
This paper reviews the key issues concerning the impact of public spending and taxation on long-run growth and inequality and takes stock of existing theoretical and empirical studies. Overall, the evidence highlights that the size of the government matters for long-term growth as a too large...
Persistent link: https://www.econbiz.de/10011578194
This review analyses the institutional arrangements, evaluation instruments and processes involved in the evaluation of spending programmes and institutions in Chile. In particular, it examines the extent to which the Chilean Budget Office’s ex post evaluations are used to inform budget...
Persistent link: https://www.econbiz.de/10012522811