Medium-Term Budgetary Frameworks - Lessons for Austria from International Experience / Erik Lundback.

Format:

Book

Government document

Author/Creator:

Lundback, Erik.

Series:

IMF Working Papers; Working Paper ; No. 2008/163

IMF working paper ; WP/08/163

IMF Working Papers

Language:

English

Subjects (All):

Fiscal policy--Austria.

Fiscal policy.

Budget process--Austria.

Budget process.

Physical Description:

1 online resource (32 pages) : illustrations, tables.

Edition:

1st ed.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2008.

Language Note:

English

Summary:

The Austrian government is about to introduce a new fiscal management framework. The first step is to introduce a medium-term budgetary framework, including an expenditure rule. The paper focuses on this first step. The purpose is to describe and evaluate the Austrian model in light of other countries' experiences with their frameworks. An attempt is made to identify features that have proven to be effective elsewhere and that can be applied to the Austrian case. The paper also identifies potential challenges and possible trade-offs when implementing the framework.

Contents:

Intro

Contents

I. Introduction

II. The Austrian Medium-Term Budgetary Framework

III. Medium-Term Budgetary Frameworks in Other Countries

A. Why Have Countries Introduced MTBFs?

B. The General Experience with MTBFs

C. Key Aspects of the Experience of Other Countries

IV. Implications for Austria

Box

1. The Austrian Internal Stability Pact and the Revenue-Sharing Act

Figures

1. Austria: Fiscal Developments, 1990-2007

2. Australia and New Zealand: Fiscal Developments, 1990-2007

3. The Netherlands and Sweden: Fiscal Developments, 1990-2007

4. The United Kingdom: Fiscal Developments, 1990-2007

5. Canada and Denmark: Fiscal Developments, 1990-2007

6. Selected Industrialized Countries' General Government Balance, 1998-2007

7. General Government Balances and GDP Growth Rates, 1998-2007

References

Appendix

Brief Overview of Medium-Term Budgetary Frameworks in Other Countries.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Includes bibliographical references.

Description based on online resource; title from PDF title page (ebrary, viewed February 27, 2014).

ISBN:

9786612841149

9781462389094

1462389090

9781451987287

1451987285

9781282841147

1282841149

9781451870213

1451870213

OCLC:

874176134