This paper reviews current discussions on reforming the European Union (EU) budgetary procedure and assesses the main reform proposals that have been suggested thus far. It argues that prospects for reforms are presently hampered by the complex interplay between supranational and...

New Zealand's fiscal outlook deteriorated following the Global Financial Crisis, and in late 2008 fiscal projections showed net government debt in New Zealand increasing from 5% of GDP to around 40% within 10 years, mostly reflecting permanently lower expectations for future tax revenue. These...

Vor dem Bundesverfassungsgericht wird gegenwärtig der Normenkontrollantrag Berlins auf Feststellung einer „extremen Haushaltsnotlage“ und Zahlung von Sonder-Bundesergänzungszuweisungen des Bundes verhandelt. Entsprechende Klagen des Saarlandes und Bremens sind eingereicht. Verhandelt...

In this paper, we present a disaggregated framework for the analysis of past and projected structural developments in the most relevant revenue and expenditure categories and the fiscal balance. The framework, in particular, distinguishes between the effects of discretionary fiscal policy and of...

On the basis of an empirical application for Germany, we compare two methods for measuring fiscal sustainability, the Generational Accounting approach and the OECD-Method. We show that both methods can be transferred into each other. Therefore the indicators belonging to one method can be used...

Der wissenschaftliche Beirat beim Bundesministerium der Finanzen fordert in seinem jüngsten Gutachten „Nachhaltigkeit in der Finanzpolitik" die Abkehr von einer kurzfristig orientierten Haushaltspolitik und die Hinwendung zu einer nachhaltig angelegten Finanzpolitik. Was ist unter...