Published : 2011-10-30

Fiscal Rules and Their Effect on Limiting the Public Debt

Ryta Dziemianowicz



Abstract

In the conditions of a crisis, a rapid growth of budgetary deficit and public debt occurred in numerous countries. Therefore, fiscal policy faces an important challenge of creating an appropriate strategy leading to reinforcing public finances. Without a doubt institutional mechanisms, which include fiscal rules, may be helpful, supporting fiscal transparency and at the same time establishing frameworks for responsible fiscal policy. The article evaluates the feasibility of implementation of fiscal rules in the field of supporting public finance consolidation. The analysis utilizes the experiences of European Union's member states.(original abstract)

Keywords:

Fiscal rules, Budget deficit, Public debt, Budgetary procedure, Public finance, Fiscal policy



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Dziemianowicz, R. (2011). Fiscal Rules and Their Effect on Limiting the Public Debt. Zeszyty Naukowe Wyższej Szkoły Bankowej W Poznaniu, 37(37). Retrieved from https://journals.wsb.poznan.pl/index.php/znwsb/article/view/1378

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Uniwersytet WSB Merito w Poznaniu
ul. Powstańców Wielkopolskich 5
61-895 Poznań
e-mail: journals@poznan.merito.pl
University
Uniwersytet WSB Merito w Poznaniu / WSB Merito University
ul. Powstańców Wielkopolskich 5
61-895 Poznań

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