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3 Why the Deficit Persists as a Budget Problem: Role of Political Institutions

3 Why the Deficit Persists as a Budget Problem: Role of Political Institutions »

Source: Government Financial Management : Issues and Country Studies

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 June 1990

ISBN: 9781557751492

Keywords: expenditure, financial management, expenditures, courts, court

Most democratic countries entered the 1980s with their public finances in disarray. Two oil shocks, low growth, high inflation, and high unemployment had destabilize...