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Sustainability of Public Budgets

In: Palgrave Dictionary of Emerging Markets and Transition Economics

Author

Listed:
  • Christopher Hartwell
  • Marcello Signorelli

Abstract

The idea of budget ‘sustainability’ is a multi-faceted concept that often refers to the inter-temporal budget constraint that a government faces. However, this is not the only way in which sustainability may be encapsulated, as other considerations than solvency often come into play. This chapter examines the various conceptions of sustainability for public budgeting and how they influence policy choices, as well as the various ways in which public budgets may be sustained. We conclude with an examination of the challenges of sustainability in emerging market and transition economies.

Suggested Citation

  • Christopher Hartwell & Marcello Signorelli, 2015. "Sustainability of Public Budgets," Palgrave Macmillan Books, in: Jens Hölscher & Horst Tomann (ed.), Palgrave Dictionary of Emerging Markets and Transition Economics, chapter 15, pages 296-313, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-37138-6_16
    DOI: 10.1007/978-1-137-37138-6_16
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