Enhancing Efficiency of Government Budget and Fiscal Policy

2005 ◽  
Author(s):  
Robert W. McGee ◽  
Yeomin Yoon
Keyword(s):  
Fiscal Policy ◽  
Government Budget

Government Budget and Fiscal Policy

2009 ◽  
pp. 201-212 ◽  
Author(s):  
Kamran Dadkhah
Keyword(s):  
Fiscal Policy ◽  
Government Budget

scholarly journals FISCAL POLICY OF RUSSIA IN THE PERIOD OF ECONOMIC GROWTH SLOWDOWN AND THE RESULTS OF 2018

Federalism ◽  
2019 ◽  
pp. 86-99 ◽  
Author(s):  
I. S. Bukina
Keyword(s):  
Economic Growth ◽  
Fiscal Policy ◽  
Government Spending ◽  
The State ◽  
Business Activity ◽  
Government Budget ◽  
Social Sphere

Traditionally, one of the objectives of fiscal policy is smoothing the effects of fluctuations in business activity. In this connection, in the periods of recession, there should be a stimulating policy, and in the periods of recovery – restraining policy. Fiscal policy in Russia, as it’s shown in the article, is primarily procyclical. During the 2015 recession, according to the  calculations using multipliers, government spending contributed to the reduction of GDP rather than to the support of its growth. Later, despite a significant increase in the revenues of the expanded government budget and the shift in priorities from defense and security financing to social sphere, the effect of the increase in budget expenditures turned out to be negative. The article also discusses the state of the budget sphere following the results of 2018, which showed the restoration of economic growth.

scholarly journals PERHITUNGAN TINGKAT UTANG MAKSIMAL PEMERINTAH SEBAGAI ACUAN BAGI KEBIJAKAN MONETER DI INDONESIA

2013 ◽  
Vol 2 (1) ◽  
pp. 81
Author(s):  
Doni Satria
Keyword(s):  
Fiscal Policy ◽  
Government Debt ◽  
Stabilization Policy ◽  
Government Budget ◽  
Macroeconomic Stabilization ◽  
Indonesian Government ◽  
Dominance Condition ◽  
Fiscal Dominance ◽  
The Government ◽  
Monetary And Fiscal Policy

The interaction of monetary and fiscal policy in an economy played an important role for macroeconomic stabilization policy. Blanchard (1990) has shown the fiscal domination condition in this policy interaction, fiscal dominance condition could be caused by the accumulation of government debt. This research analyzed the maximum debt that can be accumulated by the government, and still be sustained and could not drag the economy to the fiscal dominance condition. Using the Mendoza and Oviedo (2004) model, we find the maximum accumulated government debt is 45.2 percent of Indonesia GDP. This result is based on the 20 percent of expenditure adjustment of Indonesian government budget

The Government Budget and Fiscal Policy in Mainland China.Katharine Huang Hsiao

1990 ◽  
Vol 23 ◽  
pp. 200-202
Author(s):  
On Kit Tam
Keyword(s):  
Fiscal Policy ◽  
Government Budget ◽  
The Government

scholarly journals Taxes and Economic Growth in OECD Countries: A Meta-analysis

2020 ◽  
pp. 109114212096177
Author(s):  
Nazila Alinaghi ◽  
W. Robert Reed
Keyword(s):  
Economic Growth ◽  
Fiscal Policy ◽  
Meta Analysis ◽  
Oecd Countries ◽  
Gdp Growth ◽  
Government Budget ◽  
Tax Effects ◽  
Percent Increase ◽  
Data Output ◽  
The Government

This study performs a meta-analysis of the effect of taxes on economic growth in Organization for Economic Cooperation and Development (OECD) countries. A challenge with synthesizing tax estimates is that they measure different things. This follows because studies differ in the government budget constraints implied by their regression specifications. To address this problem, we use a taxonomy from Gemmell, Kneller, and Sanz that predicts the growth effects from various tax-spending-deficit combinations. We apply this taxonomy to 979 estimates from forty-nine studies of tax effects in OECD countries. Our headline result is that a 10 percent increase in taxes is associated with a decrease in annual gross domestic product (GDP) growth of approximately −0.2 percent when bundled as part of a TaxNegative tax-spending-deficit combination. The same tax increase is associated with an increase in annual GDP growth of approximately 0.2 percent when part of a TaxPositive fiscal policy package. All of our data, output, and programming code are publicly available at https://osf.io/ 6 bfgx/ .

scholarly journals Countercyclical fiscal policy in South Africa: Role and iImpact of automatic fiscal stabilisers

2003 ◽  
Vol 6 (4) ◽  
pp. 802-822 ◽  
Author(s):  
JA Swanepoel ◽  
NJ Schoeman
Keyword(s):  
South Africa ◽  
Fiscal Policy ◽  
Economic Activity ◽  
Budget Balance ◽  
Government Budget ◽  
Output Fluctuations ◽  
Cyclical Fluctuations ◽  
General Government ◽  
The Government ◽  
Fiscal Analysis

As actual budget balances reflect both cyclical developments and discretionary measures, they are not very useful when seeking to assess the orientation of underlying fiscal policy and possible structural imbalances in the budget balance. The influence of fluctuations in economic growth on the government’s budget balance can be examined by decomposing the actual budget into a cyclical and a structural or cyclically adjusted component. The former component shows the effect on the government budget of cyclical fluctuations in economic activity, the latter reflects what the budget balance would be if economic activity were at its trend level. This paper calculates the extent to which fiscal policy stabilises output fluctuations in South Africa and estimates the cyclically adjusted budget balance of the consolidated general government as an alternative fiscal indicator that can contribute to more effective fiscal policy and fiscal analysis.

scholarly journals State Budget Balance, Public Debt, and International Norms

2015 ◽  
Vol 22 (04) ◽  
pp. 51-75
Author(s):  
Hoai Bui Thi Mai ◽  
Thanh Su Dinh ◽  
Tung Bui Duy
Keyword(s):  
Fiscal Policy ◽  
Potential Risk ◽  
Public Debt ◽  
Fiscal Sustainability ◽  
Institutional Factors ◽  
Budget Constraints ◽  
Budget Balance ◽  
Government Budget ◽  
State Budget ◽  
Sustainability Model

A fiscal sustainability model requires that budget revenues and expenditures be in balance while government budget constraints, ensured. Yet, it becomes problematic while failing to address the dynamism of the budget constraints, associated with the government’s role (i.e. extending its intervention may affect public debt and finance). On adopting approaches by Trehan and Walsh (1991) and Hakkio and Rush (1991), which empirically tests cointegration between government revenues and its spending, this study’s aim is to assess the issue of public debt and fiscal sustainability in Vietnam. The findings, on the ground of analyzing institutional factors, demonstrate that no sustainability, as well as potential risk, is reflected by Vietnam’s public debt and fiscal policy.

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