The Dutch fiscal framework; history, current practice and the role of the CPB
AbstractAccording to the IMF and the OECD, the Dutch fiscal framework is rather unique, and its design and implementation are highly recommendable. Major features of the Dutch fiscal framework are the trend-based fiscal framework with real net expenditure ceilings for the whole term of government, the role of independent organisations, like the CPB, Statistics Netherlands and the Netherlands Court of Audit, and the intermediary role of the national advisory group on budgetary principles. This paper discusses the current practice of the Dutch fiscal framework, including the role played by the CPB. It also provides an overview of its history. Three periods are distinguished: the balanced budget as official principle (1814-1956), Keynesian deficit norms (1957-1979) and norms for reducing deficit and debt (1980-present).
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Bibliographic InfoPaper provided by CPB Netherlands Bureau for Economic Policy Analysis in its series CPB Document with number 150.
Date of creation: Jul 2007
Date of revision:
Find related papers by JEL classification:
- B1 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925
- B2 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925
- H5 - Public Economics - - National Government Expenditures and Related Policies
- H6 - Public Economics - - National Budget, Deficit, and Debt
- N44 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Europe: 1913-
This paper has been announced in the following NEP Reports:
- NEP-ACC-2007-08-08 (Accounting & Auditing)
- NEP-ALL-2007-08-08 (All new papers)
- NEP-HIS-2007-08-08 (Business, Economic & Financial History)
- NEP-PBE-2007-08-08 (Public Economics)
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