Encyclopedia of Law and Economics

Living Edition
| Editors: Alain Marciano, Giovanni Battista Ramello

Budgetary Institutions

Living reference work entry
DOI: https://doi.org/10.1007/978-1-4614-7883-6_517-1

Abstract

Budgetary institutions encompass two different types of institutional arrangements: fiscal rules and budget process rules. Fiscal rules entail substantive constraints on public spending, taxation, deficit and debt, usually in the form of explicit quantitative targets. Budget process rules, in turn, entail procedural aspects of public budgeting: they establish the competencies of the actors involved in the budget process and outline the procedures that govern the preparation, adoption and implementation of the budget. This entry gives an overview of the different forms and characteristics of these institutions and also of their impact on budgetary outcomes.

Keywords

Europe Income Assure Arena Stake 
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Copyright information

© Springer Science+Business Media New York 2014

Authors and Affiliations

  1. 1.Faculty of Social Sciences, Ragnar Nurkse School of Innovation and GovernanceTallinn University of TechnologyTallinnEstonia