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Fiscal Rules at a Glance

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Author Info

  • Nina Budina
  • Tidiane Kinda
  • Andrea Schaechter
  • Anke Weber

Abstract

This paper provides country-specific information on fiscal rules in use in 81 countries from 1985 to end-September 2012. It serves as background material and update of the July 2012 Working Paper “Fiscal Rules in Response to the Crisis—Toward the ‘Next Generation’ Rules: A New Dataset†and is also available in an easy accessible electronic data visualization tool (http://www.imf.org/external/datamapper/FiscalRules/map/map.htm.).The dataset covers four types of rules: budget balance rules, debt rules, expenditure rules, and revenue rules, applying to the central or general government or the public sector. It also presents details on various characteristics of rules, such as their legal basis, coverage, escape clauses, as well as key supporting features such as independent monitoring bodies.

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Bibliographic Info

Paper provided by International Monetary Fund in its series IMF Working Papers with number 12/273.

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Length: 62
Date of creation: 14 Nov 2012
Date of revision:
Handle: RePEc:imf:imfwpa:12/273

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Related research

Keywords: Fiscal policy; Budgets; Public debt; Government expenditures; Revenues; Cross country analysis; legislation; federal budget; legal obligation; regulation; governance reform; noncompliance; enforcement mechanism; regulations; indirect taxes; cabinet decision; public accounts; economic activity; institutional reforms; auditor general; social responsibility; corrective actions;

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Cited by:
  1. Masahiro Kawai & Peter J. Morgan, 2013. "Long-term Issues for Fiscal Sustainability in Emerging Asia," Finance Working Papers 23552, East Asian Bureau of Economic Research.
  2. Neyapti, Bilin, 2013. "Fiscal decentralization, fiscal rules and fiscal discipline," Economics Letters, Elsevier, vol. 121(3), pages 528-532.
  3. Carlos Caceres & Serhan Cevik & Ricardo Fenochietto & Borja Gracia, 2013. "The Day After Tomorrow," IMF Working Papers 13/79, International Monetary Fund.

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