European Parliament Library

Expenditure Ceilings—A Survey, Gösta Ljungman

This paper looks at the factors that have to be considered when designing an aggregate expenditure ceiling. It is argued that expenditure ceilings are effective in promoting fiscal discipline and sustainability, but that a number of trade-offs have to be made when setting up a fiscal framework that will survive in a politically charged environment. The paper illustrates the discussion with a case study of medium-term aggregate expenditure ceilings in three countries: Finland, the Netherlands and Sweden
Table Of Contents
Contents; I. Introduction; II. Expenditure Ceilings-What are They, and Why do They Work?; A. Why An Expenditure Ceiling?; B. Comprehensiveness; C. Inflation Adjustments; D. Mechanism to Manage Expenditure Fluctuation; E. Time horizon; F. Numerical Definition-Growth Rate, Percentage of GDP or Absolute Figure; G. Legislative Status; III. Finland; A. Comprehensiveness; B. Inflation Adjustment; C. Mechanisms to Manage Expenditure Fluctuations; D. Time Horizon; E. Numerical Definition; F. Legislative Status; IV. The Netherlands; A. Comprehensiveness; B. Inflation Adjustment
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (57 p.)
Specific Material Designation
Form Of Item

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