scholarly journals Do IMF Programs Discipline Budget Deficit?: The Effects of IMF Programs on Government Budget Balance, Expenditure, and Revenue

2009 ◽  
Keyword(s):  
Budget Deficit ◽  
Budget Balance ◽  
Government Budget ◽  
Imf Programs

Fiscal Deficit and Economic Growth in Bangladesh

2016 ◽  
Vol 62 (1) ◽  
pp. 31-42 ◽  
Author(s):  
Ebney Ayaj Rana ◽  
Abu N. M. Wahid
Keyword(s):  
Economic Growth ◽  
Budget Deficit ◽  
Negative Impact ◽  
Political Stability ◽  
Ordinary Least Squares ◽  
Policy Implications ◽  
Government Budget ◽  
The Government ◽  
The Impact ◽  
Government Budget Deficit

The economy of Bangladesh is currently going through a period of continuous budget deficit. The present data suggest that the government budget deficit, on average, is nearly 5% of the country’s GDP. This has been true since the early 2000s. To finance this deficit, governments have been borrowing largely from domestic and foreign sources resulting in inflationary pressure on one hand, and crowding out of private investments on the other. During the same period, although the economy has grown steadily at a rate of more than 6%, this growth is less than the potential. This article presents an econometric study of the impact of government budget deficits on the economic growth of Bangladesh. We conduct a time-series analysis using ordinary least squares estimation, vector error correction model, and granger causality test. The findings suggest that the government budget deficit has statistically significant negative impact on economic growth in Bangladesh. Policy implications of our findings include reestablishing the rule of law, political stability in the country, restructuring tax structure, closing tax loopholes, and harmonizing fiscal policy with monetary policy to attract additional domestic and foreign investment.

scholarly journals Are Government Budget Deficits Inflationary? Evidence from Pakistan

1994 ◽  
Vol 33 (4II) ◽  
pp. 955-967 ◽  
Author(s):  
Tayyeb Shabbir ◽  
Ayaz Ahmed
Keyword(s):  
Budget Deficit ◽  
Structural Adjustment ◽  
Oil Price ◽  
Optimal Size ◽  
Budget Deficits ◽  
Government Budget ◽  
Economic Role ◽  
Current Account Deficits ◽  
Structural Adjustment Programmes

In academia as well as policy-making institutions, there has been a long standing interest in analysing the phenomenon of inflation. Amongst the possible determinants of inflation, budget deficits may be one whose importance might have grown since the oil price hikes of 1973-74 and in 1979. For many a developing countries these increases in oil price have been responsible for the massive current account deficits as well as rapidly increasing domestic budget deficits of the last decade or so. During the 1980s, the budget deficit for Pakistan also grew rapidly reaching a record high of 8.6 percent of the G D P in 1987-88. Lately in the backdrop of the recent structural adjustment programmes, there has been much interest in determining the optimal size and the macro economic role of the budget deficits. However, despite its growing importance, the effects of budget deficits are not well understood.

China to Curtail Local Government Debt

2016 ◽  
Vol 08 (04) ◽  
pp. 69-81
Author(s):  
Shuanglin LIN
Keyword(s):  
Local Government ◽  
Budget Deficit ◽  
Government Debt ◽  
Limit Set ◽  
Government Bond ◽  
The European Union ◽  
Government Budget ◽  
Upper Limit ◽  
Government Financing ◽  
Budget Revenue

In 2014, China’s total government debt was an estimated 60% of gross domestic product (GDP), close to the upper limit set by the European Union. The Xi administration has set budget deficit at 3% of GDP for 2016 and announced that government budget revenue will grow only 3.2% in 2016! It has also recently abolished local government financing vehicles, legalised local government bond issuing in 2014 and started "the debt swap" reform.

scholarly journals The Political Economy of the Budget Surplus in the United States

2000 ◽  
Vol 14 (3) ◽  
pp. 3-20 ◽  
Author(s):  
Alberto Alesina
Keyword(s):  
United States ◽  
Interest Rates ◽  
Budget Deficit ◽  
The United States ◽  
Defense Spending ◽  
The Political ◽  
Budget Balance ◽  
Political Forces ◽  
Low Interest Rates ◽  
The U.S

Current surpluses in the U.S. have been achieved by a combination of a strong economy, low interest rates, and sharp cuts in defense spending. These surpluses follow a period (the 1980s) of rather exceptional budget deficit. This paper investigates the origin, size, and expected future patterns of the U.S. budget balance. It discusses how different political forces may generate alternative fiscal scenarios for the U.S. in the next decade.

Chapter II. The World Economy

1990 ◽  
Vol 134 ◽  
pp. 22-43 ◽  
Author(s):  
R.J. Barrell ◽  
Andrew Gurney ◽  
Stephen Dulake
Keyword(s):  
World Economy ◽  
Budget Deficit ◽  
The United States ◽  
Government Budget ◽  
Short Term ◽  
Political Union ◽  
The Us ◽  
The World ◽  
Gatt Round ◽  
Government Budget Deficit

Our last forecast, which was published in August, was moderately optimistic about prospects for the world economy, and especially for the United States. Since the summer the Yen has risen strongly, the US has begun to look like it is facing a recession, and it is now clear that the united Germany will face a very large Government budget deficit after monetary and political union. Meanwhile prospects for war in the Gulf remain high, and although EC farm ministers have managed to agree amongst themselves about cuts in agricultural subsidies it is not clear that these cuts are large enough either to prevent the GATT round stalling or stop the US erecting trade barriers in retaliation. As a result of all these factors our forecast is hedged around with rather more uncertainties than usual. Table 1 sets out our short-term forecast. We assume that oil prices will peak at $35 pb in the last quarter of 1990, and will then fall to $28 pb by the end of 1991.

The Irrelevance of Political Party Differences for Public Finances – Evidence from Public Deficit and Debt in Portugal (1974–2012)

2017 ◽  
Vol 25 (4) ◽  
pp. 560-587 ◽  
Author(s):  
André Corrêa D’almeida ◽  
Paulo Reis Mourao
Keyword(s):  
Political Parties ◽  
Budget Deficit ◽  
Government Budget ◽  
Public Finances ◽  
The Public ◽  
Public Deficit ◽  
Party Differences ◽  
Using Data ◽  
Political Differences ◽  
Government Budget Deficit

This paper attempts to empirically test whether inter-party political differences impact public finances in Portugal differently. Focused on public debt and on government budget deficit, and using data since 1974 for several variables, this paper applies econometric modelling to show that inter-party differences have had, until now, no significant impacts on the public finances’ performance in Portugal. In this context, this paper aims at dispelling some myths regarding the ‘value’ of a policy process based on political intrigue, enmity and a discourse of confrontation around differentiated political parties’ merits in modern democracies.

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