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Public Finances and Fiscal Policy

In: The Spanish Economy in the New Europe

Author

Listed:
  • Carmela Martín

    (Jean Monnet Professor of European Integration, Universidad Complutense de Madrid
    FUNCAS (Fundación de las Cajas de Ahorros))

Abstract

Since at least the early 1980s, the size of the budget deficit in nearly all European countries and the need to restrain it have been a source of mounting concern, which governments have addressed through diverse and often dissimilar measures. Only naturally, the efforts to find, and to follow, the best policies for consolidating budget deficits intensified after the signing of the Maastricht Treaty, because of the requirement that EMU member countries keep their deficits and debt at less than 3 per cent and 60 per cent of GDP, respectively.

Suggested Citation

  • Carmela Martín, 2000. "Public Finances and Fiscal Policy," Palgrave Macmillan Books, in: The Spanish Economy in the New Europe, chapter 5, pages 88-116, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59710-5_6
    DOI: 10.1057/9780230597105_6
    as

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