Fiscal Rules: Limits on Governmental Deficits and Debt

Administrative / Constitutional Law

Fiscal Rules: Limits on Governmental Deficits and Debt

By Fred L. Morrison
Springer-Verlag August 2016

Specifications

ISBN-13
9783319412030
Publisher
Springer-Verlag
Publication
August 2016
Format
Hardback
Jurisdiction
Switzerland ? Countri(es) for reference only

Details

This book examines legal limitations on government deficit and debt and its impact on the ability of nations to provide services to their residents. It studies constitutional and statutory limitations, as well as those imposed by international treaties and other instruments, including those of both the European Union and the International Monetary Fund.

The book contains a general report examining the fiscal rules that govern the budgets and expenditures of nation states. The general report is followed by a special report which covers the limits imposed by the European Union and by the smaller group of countries constituting the Eurozone. Ten national reports, describing the limits in their respective countries, form the basis of the general report. These countries include eight members of the European Union (five of which use the Euro and three of which do not), one other European state and one non-European state. The reports include two countries in which constitutional "debt brakes" limit national deficit and debt.

Table of Contents

Preface
About the Authors
Part I. General Report
Chapter 1. Fiscal Rules: Legal Limits on Government Deficit and Debt
Fred L. Morrison
Part II. Special Regional Report
Chapter 2. The Crisis of the Economic and Monetary Union and its Solution (or Dissolution?)
Michal Tomasek
Part III. National Reports
Chapter 3. La dette publique dans le systeme constituionnel et federal belge
Dimitri Vernault
Chapter 4. The process of budgeting and issues of indebtedness in the Czech Republic
Hana Marokova
Chapter 5. Objects and Procedures of Budgetary Planning and Limits to Borrowing ("Debt Brake") in the Federal Republic of Germany
Hermann Punder
Chapter 6. Limitations on Government Debt and Deficits in Greece
Athanasios D. Tsevas
Chapter 7. From Ideological Neutrality to Neoclassical Inspiration: The Evolution of the Italian Constitutional Law of Public Debt and Deficit
Edmondo Mostacci
Chapter 8. Limitations on government debt and deficits-the Netherlands
M. Diamant, M. L. van Emmerik, and G.J.A. Geertjes
Chapter 9. Limitations on Government Debt and Deficits in Romania Simina
Elena Tanasescu and Simona Gherghina
Chapter 10. The Swiss "Success Story" of Sustainable Public Finance: Debt Restrictions and Budgeting Processes in the Swiss Confederation
Agata Zielniewicz
Chapter 11. Limitations on Government Debt and Deficit in the United Kingdom
Tony Prosser
Chapter 12. Limitations on Government Debt and Deficit in the United States
Ved P. Nanda
Appendix - The Questionnaire for National Reporters.
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