Economics, Econometrics and Finance
4 years ago

Legal Frameworks Key to Sustainable Public Finance in Developing EU Countries

Sustainability
Impact of Governments’ Fiscal Behaviors on Public Finance Sustainability: A Comparative Study
Mihaela Onofrei, Tudorel Toader, Anca Florentina Vatamanu, Florin Oprea

Paper Summary

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The article examines how fiscal rules impact the financial decisions of governments in developing EU countries. By analyzing data from 2000 to 2014, the researchers found that having strong legal and financial frameworks can improve public finance sustainability. They suggest that creating effective independent fiscal institutions can help governments make better fiscal policies and manage fiscal risks more effectively.