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Sustainability of Public Budgets

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Palgrave Dictionary of Emerging Markets and Transition Economics

Abstract

The idea of budget ‘sustainability’ is a multi-faceted concept that often refers to the inter-temporal budget constraint that a government faces. However, this is not the only way in which sustainability may be encapsulated, as other considerations than solvency often come into play. This chapter examines the various conceptions of sustainability for public budgeting and how they influence policy choices, as well as the various ways in which public budgets may be sustained. We conclude with an examination of the challenges of sustainability in emerging market and transition economies.

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Authors
  1. Christopher Hartwell
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  2. Marcello Signorelli
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Editor information

Editors and Affiliations

  1. Bournemouth University, UK

    Jens Hölscher (Professor of Economics and Head of Department) (Professor of Economics and Head of Department)

  2. Freie University Berlin, Germany

    Horst Tomann (Jean Monnet Professor for European Economic Policy) (Jean Monnet Professor for European Economic Policy)

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© 2015 Christopher Hartwell and Marcello Signorelli

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Hartwell, C., Signorelli, M. (2015). Sustainability of Public Budgets. In: Hölscher, J., Tomann, H. (eds) Palgrave Dictionary of Emerging Markets and Transition Economics. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-137-37138-6_16

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