Evaluating Designs for a Fiscal Rule in Bulgaria

Evaluating Designs for a Fiscal Rule in Bulgaria
The enhanced Stability and Growth Pact calls on euro area members and aspirants to set boundaries to fiscal deficits through high-level legislation. A limit on the deficit, such as the deficit ceiling in Bulgaria''s organic budget law, serves to protect solvency. The recent crisis clearly indicated that the key challenges are not only to contain... READ MORE...

Publication date: November 2011
ISBN 9781463925277
$18.00

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