How could the Stability and Growth Pact be simplified?
An assessment of the present SGP fiscal rules reveals a significant deterioration in simplicity, undermining their effectiveness. In fact, in both design and process, they have become the most complex worldwide. Three options for future reform are offered to correct this deficiency. Under the first, the structural balance and the debt convergence targets are replaced with a debt-stabilizing or -reducing primary surplus target, while retaining the expenditure benchmark. The second consolidates all current rules into a single operational debt rule by setting a limit on the discretionary budget deficit, derived from the debt reduction target. The third option consists of a market-based approach, inspired by the oldest and most successful subnational fiscal frameworks.
Grinnanailís
Údar seachtarach
George Kopits
Maidir leis an doiciméad seo
Saghas foilseacháin
Eochairfhocal
- AIRGEADAS
- an limistéar euro
- aontas eacnamaíoch agus airgeadaíochta
- Ballstát den Aontas Eorpach
- beartas airgeadaíochta
- beartas eacnamaíoch
- beartas eacnamaíoch
- beartas fioscach
- caidreamh airgeadaíochta
- cumhacht feidhmiúcháin agus seirbhís phoiblí
- cánachas
- dálaí eacnamaíocha
- EACNAMAÍOCHT
- eacnamaíocht airgeadaíochta
- forbairt eacnamaíoch
- geografaíocht eacnamaíoch
- POLAITÍOCHT
- rialachas
- rialachas eacnamaíoch (AE)
- téarnamh eacnamaíoch
- TÍREOLAÍOCHT