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Achievements and open problems of contemporary budget policy


  • Iliya Balabanov


The budget policy is comparatively the strongest form of economic influence of the state over socio-economic development. An attempt is made to distinguish between the major theoretic achievements and open problems of this influence as a basis first for the vindication of some already rejected ideas by the theoretic community; second, to mark the lines for a more productive methodological approach to clarification of open problems, and further to a more effective state influence on the qualitatively new economic and political realities of the Twenty-first Century.

Suggested Citation

  • Iliya Balabanov, 2002. "Achievements and open problems of contemporary budget policy," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 19-38.
  • Handle: RePEc:bas:econth:y:2002:i:3:p:19-38

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    JEL classification:

    • B10 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - General
    • E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy


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