EAN: 9783319412030

FISCAL RULES - LIMITS ON GOVERNMENTAL DEFICITS ...

This book examines legal limitations on government deficit and debt and its impact on the
ability of nations to provide services to their residents. It studies constitutional and
statutory limitations  as well as those imposed by international treaties and other instruments
including those of both the European Union and the International Monetary Fund. The book
contains a general report examining the fiscal rules that govern the budgets and expenditures
of nation states. The general report is followed by a special report which covers the limits
imposed by the European Union and by the smaller group of countries constituting the Eurozone.
Ten national reports  describing the limits in their respective countries  form the basis of
the general report. These countries include eight members of the European Union (five of which
use the Euro and three of which do not)  one other European state and one non-European state.
The reports include two countries in which constitutional debt brakes limit national deficit
and debt.

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