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expenditures. Preliminary results show that revenues and expenditures do not have a long-run relationship and hence a rejection of … expenditures in order to place emphasis on the structural component. We argue that the structural component of fiscal variables … represents the actual long term behaviour of the policymaker. Further results indicate that structural revenues and expenditures …
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In this paper, I demonstrate that an indicator which is commonly used to assess the long-term fiscal sustainability of public finances in EU member states (“S2”) is also defined if government borrowing rates are assumed to be permanently lower than the growth rate of GDP. I illustrate this...
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The core emphasis of rules-based fiscal legislation at the subnational level in India is to achieve debt sustainability through a numerical ceiling on borrowing and the use of borrowed resources for public capital investment by phasing out revenue deficits. Using the Arellano Bond Panel...
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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 … economic services sectors is emphasized in the 2013 National Expenditure Program, the services sector still accounts for more …
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holding the executive accountable for implementing the budget. Yet, the integrity of expenditure transactions and … data analytics techniques that can shed light on how the use FMIS systems affects expenditure data integrity and … form or function. Judging a system by its use is informative about governments' revealed preferences in expenditure …
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