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has contributed to a substantial reduction in nominal debt. This outcome has occurred against the backdrop of a favourable … economic growth. Nominal debt reduction may not materialise to the same extent under different circumstances. It appears that …
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debt-to-GDP ratios have declined towards 60%, fiscal discipline could be strengthened even further by introducing well …-designed Eurobonds as the capstone of EMU. We propose centrally issued Eurobonds for the full public debt under the condition that Member …
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Sweden is a front-runner in defining intermediate targets for fiscal policy (fiscal rules) as well as in setting up an independent fiscal council to monitor and comment on developments. Swedish public finances are among the most sound in the OECD having been able to consolidate public finances...
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The implementation of primary functions of local development management, especially its planning, organizing and controlling, cannot leave aside the financial aspects of these processes1. This can be attributed to the fact that every decision taken in the commune concerning strategic or...
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The sustainability of the Nigerian fiscal deficit along with the role of the dynamics of government revenues and spending in adjusting the size of the deficit is examined using annual data from 1961 to 2014. After allowing for structural breaks, the study finds evidence of a cointegration...
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Die derzeit hohen Überschüsse in den öffentlichen Haushaltenwerden deutlich zurückgehen: Bereits im kommenden Jahr sinkt der Finanzierungssaldo von 26 Milliarden auf vier Milliarden; im Jahr 2018 werden die öffentlichen Haushalte mit einem leichten Defizitabschließen. In der mittleren und...
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