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- W2510885518 abstract "Legal limitations on government deficit and debt exist at all levels of the legal hierarchy, international, regional, constitutional, and statutory. The International Monetary Fund imposes conditionality upon the loans that it supplies The European Union and its monetary group, the Eurozone, impose quite specific numerical caps on governmental deficits and debts, with significant sanctions for states that violate the standards. A few national constitutions include so-called “debt-brakes” that limit deficits and borrowing. Every state has laws that regulate the preparation and presentation of the budget and its review; some of these also seek to control deficits or borrowing. Ordinary laws are, however, susceptible to change by simple amendment or suspension if economic or political objectives seem to require disregard of a previously established standard." @default.
- W2510885518 created "2016-09-16" @default.
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- W2510885518 date "2016-01-01" @default.
- W2510885518 modified "2023-09-27" @default.
- W2510885518 title "Fiscal Rules: Legal Limits on Government Deficit and Debt" @default.
- W2510885518 doi "https://doi.org/10.1007/978-3-319-41205-4_1" @default.
- W2510885518 hasPublicationYear "2016" @default.
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