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The Fiscal Responsibility Act (FRA) came into effect in 2013 to reduce rising public debt and achieve fiscal stability. Maldives has experienced rapid public debt accumulation over the past decade. The FRA establishes objectives for maintaining debt at a sustainable level and reducing the...
Persistent link: https://www.econbiz.de/10013169205
Strong fiscal institutions have contributed to Chile's macroeconomic stability, and recent reform initiatives have focused on enhancing these institutions and fiscal transparency. This report assesses fiscal transparency practices in Chile in relation to the requirements of the IMF's Fiscal...
Persistent link: https://www.econbiz.de/10012697113
Among EU countries, Romania suffered a relatively shallow recession in the COVID-19 crisis, aided by macroeconomic easing. A strong recovery is projected in 2021. The new government is committed to balance continued pandemic-related support with the start of a medium-term fiscal consolidation...
Persistent link: https://www.econbiz.de/10012697857
-fledged MTBF as part of their Public Financial Management Reform Strategy (2017-21). The ability of the Ministry of Finance (MoF …
Persistent link: https://www.econbiz.de/10012153832