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Fiscal space as a methodology for effective management of public finances

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  • A. A. Kharlamova

Abstract

The urgency of finding new methods to improve public finance management stems from economic shocks, geopolitical crises, and unforeseen or emergency situations. Due to regional differences in economic and budget potential, state functions and powers can face financial limitations. This has led to the development of the «fiscal space» concept, which aims to improve the effectiveness of tax reforms, budget spending, public debt management, and the attraction of financing for budget deficits to achieve socioXeconomic objectives. However, the application of the concept in domestic practice requires the systematization of methodological approaches.Â

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  • A. A. Kharlamova, 2025. "Fiscal space as a methodology for effective management of public finances," Scientific notes of the Russian academy of entrepreneurship, JSC “Publishing Agency “Science and Educationâ€, vol. 24(1).
    • Handle: RePEc:cvt:journl:y:2025:id:1116
    DOI: 10.24182/2073-6258-2025-24-1-43-49
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    References listed on IDEAS

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    1. Allen Schick, 2009. "Budgeting for fiscal space," OECD Journal on Budgeting, OECD Publishing, vol. 9(2), pages 1-18.
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