A fiscal adjustment is a reduction in the government primary budget deficit, and it can result from a reduction in government expenditures, an increase in tax revenues, or both simultaneously.
There is no a clear consensus about the definition of fiscal adjustment, but it is commonly understood as a process, instead of as a status: governments run fiscal deficits, fiscal surpluses or balanced budgets, and the process from a budget deficit to a sustained period of balanced budget is a fiscal adjustment.[1]
There are two significant features in any fiscal adjustment: the duration of the process, usually measured in years, that defines the intensity of the effort; and the composition of the adjustment, measured as the proportion of the adjustment obtained from expenditure cuts compared to the proportion gained from tax increases.
A fiscaladjustment is a reduction in the government primary budget deficit, and it can result from a reduction in government expenditures, an increase...
In economics and political science, fiscal policy is the use of government revenue collection (taxes or tax cuts) and expenditure to influence a country's...
development Fiscal policy debate Fiscaladjustment, a reduction in the government primary budget deficit Fiscal agent, a proxy that manages fiscal matters...
provide fiscal stimulus in lean times, while budget surpluses provide restraint in boom times. Keynesian economics does not advocate for fiscal stimulus...
to as the general government balance, public budget balance, or public fiscal balance, is the difference between government revenues and spending. For...
Structural adjustment programs (SAPs) consist of loans (structural adjustment loans; SALs) provided by the International Monetary Fund (IMF) and the World...
job prospects. So fiscaladjustment must resolve the conundrum of being neither too fast nor too slow. Shaping a Goldilocks fiscal consolidation is all...
benefits exporters and export industries in the country.[citation needed] Fiscal effect: By lowering yields on sovereign bonds, QE makes it cheaper for governments...
The size of the required adjustment is given with measures such as the Fiscal gap. In empirical works, weak and strong fiscal sustainability are distinguished...
A fiscal year (or financial year, or sometimes budget year) is used in government accounting, which varies between countries, and for budget purposes....
comes after a decade of negative or low growth and is attributed to fiscaladjustment aimed at improving public financing, reforms in port management and...
multiplier, the monetary base can be thought of as high powered because of the fiscal multiplier instead. Monetary policy is generally presumed to be the policy...
Willmott, Kyle. "Taxes, taxpayers, and settler colonialism: Toward a critical fiscal sociology of tax as white property." Law & Society Review 56.1 (2022): 6-27...
deficit spending is desirable and necessary as part of countercyclical fiscal policy, but that there should not be a structural deficit (i.e., permanent...
of strategies, including: Policy evaluation and adjustment: Evaluation of the influence behind fiscal policies on the different demographic groups. Implemented...
tax. Per capita income (PCI) is the most often used measure of relative fiscal capacity. But this measure fails to base tax capacity computation on other...
is to reduce the public debt. It is not the same as a fiscal policy, which deals with the fiscal stimulus to the economy, the repartition of taxes and...
a ministry or other government agency in charge of government finance, fiscal policy, and financial regulation. It is headed by a finance minister, an...
system of Russia. The federal budget is a major state financial plan for the fiscal year, which has the force of law after its approval by the Russian parliament...
implemented through an appropriations bill. This spending is an optional part of fiscal policy, in contrast to social programs for which funding is mandatory and...
(2015). "IMF conditionalities, liquidity provision, and incentives for fiscaladjustment". International Tax and Public Finance. 22 (5): 705–722. doi:10...
economic policy in line with the Washington Consensus. He carried out a fiscaladjustment and a reform to state-owned companies to deregulate them. This earned...
following slow growth and domestic fiscaladjustment in the early years of the decade. Despite an expansionary fiscal policy, the public debt remained moderate...
States with a fiscal balance not yet at their MTO, are required to ensure rapid convergence towards it, with the time-frame for this "adjustment path" being...
entailed at a time of rapidly growing unemployment associated with the fiscaladjustment of those years". "Encyclopedia of Irish History and Culture", Vol...
exchange rates and prices of financial assets. This is in contrast to fiscal policy, which relies on changes in taxation and government spending as methods...
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