IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/18478_11.html
   My bibliography  Save this book chapter

The relevance of the EU budget for the structural balances of Member States

In: Features and Challenges of the EU Budget

Author

Listed:
  • Maurizia Pierri

Abstract

The chapter addresses the issue of the relevance of the EU budget for the structural balances of Member States’ accounts. Having first outlined the key principles governing the European system, the chapter focuses on the golden rule of the balanced budget (principle of equilibrium). The regulatory framework of the budgets in the Eurozone countries is extremely complicated. The balanced budget rule is due to an international treaty (Fiscal Compact) that requires the implementation of the rule of the balanced budget into the countries’ legal systems (preferably at constitutional level). The possibility of including the rule of balanced budget even at sub constitutional level, the difference between nominal and structural balance and the ambiguous identification of justification causes for the violation of the stability standards determines a considerable difference in countries’ implementations and so a partial ineffectiveness of the so-called golden rule.

Suggested Citation

  • Maurizia Pierri, 2019. "The relevance of the EU budget for the structural balances of Member States," Chapters, in: Luca Zamparini & Ubaldo Villani-Lubelli (ed.), Features and Challenges of the EU Budget, chapter 11, pages 163-179, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:18478_11
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/view/edcoll/9781788971911/9781788971911.00017.xml
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:elg:eechap:18478_11. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.