Oksanen, Heikki - In: International Journal of Economics and Business Research 2 (2010) 1/2, pp. 87-111
Originally, in 1997, balanced budget or surplus was set as medium-term objective (MTO) for government budgets under the European Union Stability and Growth Pact, while in 2005 the MTOs were made country-specific. They were agreed for a transitional period only, until the criteria for taking into...
