Home  Journals  Finance and Credit  38(470) - 2011 October

Public finance innovations in Central and Eastern Europe

Available online: 20 October 2011

Subject Heading: Foreign experience

JEL Classification: 

The article analyses some policy issues under a fiscal board - standing formal regulatory restrictions on state spending in CEE countries, which is the only policy instrument at the disposal of the authorities (in particular Bulgarian). The fiscal board should limit spending from the country's budget, because it motto is «we cannot spend more than we earn». Also in the article it is reviewed the mentioned fiscal boards’ analogy of Germany, United Kingdom and others.

Keywords: CEE, Bulgaria, Greece, state default, fiscal board, state spending, ministry of finance, state budget, crisis

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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