The present study broadly attempts to analyze the role of Fiscal Responsibility and Budget Management Act in restoring fiscal balance in India. It analyses the need for fiscal rules and constraints in India. The study aims at finding out the major factor behind rising fiscal imbalance in India...

The 1990s saw an era of fiscal consolidation in industrialised countries, which struggled with fiscal deficits throughout the 1970s and 1980s. Reforms in public expenditure management, typically the introduction of fiscal rules and targets, together with favourable economic growth contributed to...

Accounting conventions usually leave some room for judgment, which governments may be tempted to take advantage of, especially when fiscal rules bite or threaten to do so. The European experience over the past decade -- documented here in great detail -- illustrates that fiscal gimmicks come in...

This study presents an evaluation of the National Expenditure Program for 2013. First, this paper projects that the fiscal targets set out in the Budget of Expenditures and Sources of Financing (BESF) for 2013 are likely to be met. Specifically, fiscal deficit is projected to be PHP 9.6 billion...

The spread of COVID-19 has brought many economies into recession, and Indonesia is no exception. In response to the adverse impacts of the COVID-19 pandemic, a higher fiscal stimulus is needed to achieve economic recovery. However, as one of the world's most populous countries, Indonesia has...

This study presents a four-part evaluation of the President's Budget (PB) for 2002. First, it shows that the speed of fiscal consolidation that is envisioned in the President's Budget for 2002 will not be achieved. In particular, the fiscal deficit targets that are set in the proposed budget...

This study presents an evaluation of the President's Budget for 2003. First, it shows that the fiscal targets set out in the administration's Budget of Expenditures and Sources of Financing (BESF) for 2003 are not likely to be met. In particular, the fiscal deficit target of P130 billion (or...

The President's Budget for 2004 is the administration's last prior to the forthcoming presidential elections in May 2004. Thus, it is but timely to assess not only the proposed 2004 budget itself but also the present administration's fiscal performance in the last three years. The evaluation of...

This study presents an evaluation of the National Expenditure Program for 2013. First, this paper projects that the fiscal targets set out in the Budget of Expenditures and Sources of Financing (BESF) for 2013 are likely to be met. Specifically, fiscal deficit is projected to be PHP 9.6 billion...