Synopsis of the Governor's FY 2004-2005 Midterm Budget Adjustments PDF Download

Author: Connecticut. General Assembly. Office of Fiscal Analysis
Publisher:
ISBN:
Category : Administrative agencies
Languages : en
Pages : 18

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Author: Connecticut. Governor (1995-2004 : Rowland)
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 212

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Author: World Bank
Publisher: World Bank Publications
ISBN: 0821396277
Category : Business & Economics
Languages : en
Pages : 261

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Beyond the Annual Budget is a comprehensive review of country experience with Medium Term Expenditure Frameworks (MTEFs) worldwide. It looks at countries both with and without MTEFs over the period 1990 to 2008 to obtain results about their impact on fiscal performance.

Author: Hugh Mackenzie
Publisher: Canadian Centre Policy Alternatives
ISBN: 0886274222
Category : Budget
Languages : en
Pages : 16

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Given the importance of this adjustment Indeed, both the current-year estimates of for the government's ability to show a reduc- revenue and expenditure and the medium- tion in the deficit in its first year in office, term fiscal outlook are designed more to one would have expected the Minister of Fi- manage expectations and maximize the gov- nance to be concerned when the Provincial ernment's fle [...] Forecast revenue evi- meet three overriding political constraints: dently includes a substantial cushion against the need to balance the budget by the end of the possibility that growth forecasts from No- the government's first term in office; the need vember may be revised downwards. [...] How- jected deficits as well as cash costs that are ever, a detailed review of the terms of the not included in budgetary deficit calculations securities up for refinancing shows that a will increase the government's total borrow- substantial proportion of the debt which is ing by approximately 4% in 2004-5, 3% in subject to refinancing in the years 2005-6 to each of 2005-6 and 2006-7 and 2% in 20 [...] All of these exemptions un- that negative impact amounts to a retrospec- dermine the fairness of the system; all of these tive endorsement of the policies that created exemptions cost the people of this province it, and a fiscal plan designed to accommo- a substantial amount in lost revenue; and date Ontario's public services to that reduced none of these exemptions meets the test of capacity amou [...] While the Government's mishandling of More important, exemptions from the the tax issue during and after the election Employer Health Tax are inconsistent with has limited its political options, there are ar- the history behind its creation and the role 10.

Author: International Monetary Fund. Fiscal Affairs Dept.
Publisher: International Monetary Fund
ISBN: 1484321154
Category : Business & Economics
Languages : en
Pages : 70

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This report evaluates the state of fiscal transparency in Georgia. Georgia has taken important steps to enhance its fiscal transparency practices over the past decade. Fiscal reports have become more comprehensive, with the development of a central government balance sheet and income statement. Fiscal forecasts and budgets have become more forward looking and policy oriented, with the introduction of a four-year medium-term budget framework, formal fiscal objectives, and a program budget classification. In addition, fiscal risk disclosure and analysis have improved dramatically, with the publication of a detailed statement on fiscal risks. At the same time, the evaluation highlights a number of areas where Georgia’s fiscal transparency practices could be further improved.

Author: Mr.James Daniel
Publisher: International Monetary Fund
ISBN: 9781589065130
Category : Business & Economics
Languages : en
Pages : 80

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The pamphlet (which updates the 1995 Guidelines for Fiscal Adjustment) presents the IMF’s approach to fiscal adjustment, and focuses on the role that sound government finances play in promoting macroeconomic stability and growth. Structured around five practical questions—when to adjust, how to assess the fiscal position, what makes for successful adjustment, how to carry out adjustment, and which institutions can help—it covers topics such as tax policies, debt sustainability, fiscal responsibility laws, and transparency.

Author: House,
Publisher: Government Printing Office
ISBN:
Category :
Languages : en
Pages : 952

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Author: International Monetary Fund. Asia and Pacific Dept
Publisher: International Monetary Fund
ISBN: 1513512463
Category : Business & Economics
Languages : en
Pages : 56

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This 2005 Article IV Consultation with Maldives discusses that Maldives has rebounded strongly from the tsunami of late 2004. Gross domestic product has grown rapidly, underpinned by a robust increase in tourist arrivals, and by construction activity pertaining to the development of new resorts. Inflation remains low although it is on a rising trend. The exchange rate peg continues to serve the country well. The main challenge for Maldives is to ensure that favorable growth prospects are not undermined by fiscal excesses and consequent macroeconomic instability. The IMF staff urged the authorities to prioritize expenditures in line with more realistic revenue estimates, so as to achieve the stated objective of zero domestic financing of the budget. There has been a recent increase in debt ratios due to construction of new resorts and the government’s ambitious infrastructure program. The new central bank act has separated the positions of finance minister and governor of the central bank and reorganized the governing body of the central bank. Going forward it will be important to entrench central bank independence.

Author: Eisaku Ide
Publisher: Routledge
ISBN: 1317575873
Category : Political Science
Languages : en
Pages : 286

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Since the global financial crisis, government debt has soared globally by 40 percent and now exceeds an astonishing $100 trillion. Not all countries, though, have fared the same. Indeed, even prior to the financial crisis, the fiscal fates of countries have been diverging, despite predictions that pressures from economic globalization push countries toward more convergent fiscally conservative policies. Featuring the work of an international interdisciplinary team of scholars, this volume explains patterns of fiscal performance (persistent patterns of budget deficits and government debt) from the 1970s to the present across seven countries – France, Italy, Germany, Japan, South Korea, Sweden, and the United States. Employing a comparative case study approach, seldom employed in studies of fiscal performance, contributions illuminate the complex causal factors often overlooked by quantitative studies and advances our theoretical understanding of fiscal performance. Among other things, the cases highlight the role of taxpayer consent, tax structure, the welfare state, organization of interests, and labor and financial markets in shaping fiscal outcomes. A necessary resource to understand a broader array of factors that shape fiscal outcomes in specific national contexts, this book will reinvigorate the study of fiscal performance.

Author: OECD
Publisher: OECD Publishing
ISBN: 9264019766
Category :
Languages : en
Pages : 214

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Despite recent acceleration of growth in Japan, Japan still faces serious structural problems. This report carefully examines such issues as deflation, fiscal sustainabililty, product market competition, and other structural reforms.