In the contemporary capitalism model and in relation to the functioning of the economy there is a counterproductive view of the state as an institution. This has led to a reversal of the hierarchy between the state and the private sector, since it subordinates states to markets. Fiscal policy...

Performance budgeting schemes in the public sector have to operate with imperfect performance measures. We argue that these imperfections generate incentives for the potential recipients of performance-based funds to use up resources in socially wasteful influence activities. We develop a...

We analyze the short and long run effects of demographic ageing - increased longevity and reduced fertility - on per-capita growth. The OLG model captures direct effects, working through adjustments in the savings rate, labor supply, and capital deepening, and indirect effects, working through...

This article provides a razor-sharp analysis of the union budget 2020-21. Indeed, the union budget of India for the fiscal year 2020-21 is path-breaking in many ways. More than complicated fiscal issues, it focuses on promoting ease of living and social sector reforms without losing the sight on...

This study aims to obtain input, and is expected to give more value to the activities of budget planning and development spending in the Province of Jakarta Indonesia. In detail the purpose of this study is to provide recommendations for planning development budget in developing leading sectors...

The combination of the challenges emerging from the 2020 pandemic outbreak, amid an unprecedented macroeconomic context, and a limited EU budget, inevitably call for reflections about synergies, or ‘vertical coherence', between EU and national budgets. The proposals for a larger EU budget, the...

Over the period July-August 2015, the following developments can be noted in the sphere pertaining to the budgetary process: the Federal Law came into force, whereby a system of interdepartmental control over the use of budget funds allocated to the state defense order was to be established; the...

The concept of fiscal imbalance is familiar to economists but less so to policymakers, politicians, and the public. Yet understanding this concept is essential to rational discussion of government financial health. This paper provides a primer on government fiscal imbalance.The material is not...

In February 2016, in the field of budgetary processes the following developments took place among other things: the program of support to light industry enterprises in 2016 was approved; the Rosfinnadzhor was abolished; the rules of fiscal monitoring of budget funds in 2016 were approved