Prof. Martin Werding, Ruhr-Universität Bochum, hat in Kooperation mit dem ifo Institut, München, und im Auftrag des Bundesministeriums der Finanzen in der vorliegenden Studie aktualisierte Berechnungen zur Tragfähigkeit der öffentlichen Finanzen erstellt. Dabei wird mit annahmegestützten...

Die Landeseinnahmen werden in Mecklenburg-Vorpommern in den kommenden Jahren sinken, da die Zuweisungen im Rahmen des Länderfinanzausgleichs wegen der abnehmenden Bevölkerungszahl, rückläufiger Zahlungen aus den EU-Fonds sowie der Degression des Solidarpaktes II zurückgehen. Dies wird auch...

Does fiscal consolidation lead to social unrest? Using cross-country evidence for the period 1919 to 2008, we examine the extent to which societies become unstable after budget cuts. The results show a clear correlation between fiscal retrenchment and instability. Expenditure cuts are...

The purpose of this paper is twofold. First, it presents a very concise way of measuring fiscal stance. This procedure is based on the assumption that the ‘neutral change’ in the government budget can best be simulated with a long-term approximation of the underlying trend of total output....

The relationship between public expenditure and aggregate income has long been debated in economic literature. According to Wagner, expenditure is an endogenous factor or an outcome. On the other hand, Keynes considered public expenditure as an exogenous factor to be used as a policy instrument...

State budget expenditures, provided by the annual laws of the state budget, are part of the public expenditures. Figures recorded in the past years show that Romania’s public expenditures have been constantly increasing, and their ascending trend was accompanied by a similar evolution of the...

This paper aims at finding and analyzing the key determinants of Egypt’s fiscal deficits for the period of 1985-2013. It hypothesizes that the political and institutional factors are more important than macroeconomic variables to explain the fiscal deficits of the country in question. In...

This paper provides estimates of the implicit fiscal assets as well as of the evolution over time of fiscal costs and revenues related to tax-favoured retirement saving regimes in 17 OECD countries, taking into account current and future contributions, asset accumulation and withdrawals, all of...

Building on the substantial progress made in establishing fiscal systems consistent with market economies, the paper identifies priorities for further fiscal structural reforms among the Commonwealth of Independent States (CIS) countries. Activities of extra budgetary accounts and quasi-fiscal...

Under budgetary paths, but not particular policies, specified in the 2016 budget resolution conference report, total debt would be smaller than in CBO’s baseline. Economic output would be lower in the next few years but higher thereafter.