Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Fiscal Affairs Department, issuing body.
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| ISBN: | 1283568500
9781283568500
9781455264797
1455264792
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| Notes: | At head of title: Fiscal Affairs Department.
"November 2010."
Title from PDF title page (IMF, viewed Oct. 26, 2011).
Includes bibliographical references.
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| Summary: | Fiscal Responsibility Laws (FRLs) appear to be more popular in middle-income countries than advanced countries, even though their success is limited. The reasons why few advanced countries have a FRL include: the existing legal framework for the budget system is adequate; supranational rules and political agreements in EU countries; failed attempts to include quantitative fiscal rules in laws; lack of consensus or interest in attaining the goals of FRL-type legislation; and lack of need for a law to regulate fiscal transparency, accountability and macro-fiscal stabilization. Without commitment to fiscal discipline, adoption of a FRL may not contribute to attaining fiscal consolidation goals.
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| Other form: | Print version: Lienert, Ian. Should Advanced Countries Adopt a Fiscal Responsibility Law? Washington : International Monetary Fund, ©2010 9781455209545
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