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Budget Processes and Commitment to Fiscal Discipline

Budget Processes and Commitment to Fiscal Discipline »

Source: Budget Processes and Commitment to Fiscal Discipline

Volume/Issue: 1996/78

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 1996

ISBN: 9781451850079

Keywords: budget process, fiscal discipline, fiscal performance, budget law, budget act

This paper develops a political-economy model of the budget process focusing on the common pool problem of the public budget. We show that the externality arising from the fact that public spending tends to be targ...

Fiscal Adjustment in EU Countries

Fiscal Adjustment in EU Countries »

Source: Fiscal Adjustment in EU Countries : A Balance Sheet Approach

Volume/Issue: 2004/143

Series: IMF Working Papers

Author(s): Kenji Moriyama , and Gian Milesi-Ferretti

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2004

ISBN: 9781451856378

Keywords: government assets, net worth, public debt, budget balance, fiscal measures, National Deficit Surplus,

Several European Union countries have recently implemented or are envisaging fiscal that operations improve budgetary figures but have no structural impact on government finances. This paper evaluates some of these...

Greece

Greece »

Source: Greece : Report on Observance of Standards and Codes-Fiscal Transparency Module-Update

Volume/Issue: 2003/158

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 June 2003

ISBN: 9781451816174

Keywords: fiscal transparency, tax system, budget preparation, capital expenditures, public finances

This paper presents an update to the Report on the Observance of Standards and Codes (ROSC) on Fiscal Transparency for Greece. Two important steps toward improving fiscal transparency since the last ROSC update wer...

Greece

Greece »

Source: Greece : Report on the Observance of Standards and Codes-Fiscal Transparency Module-Update

Volume/Issue: 2005/42

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 February 2005

ISBN: 9781451816204

Keywords: fiscal data, fiscal reporting, budget management, public expenditure

This paper presents an update to the Report on the Observance of Standards and Codes (ROSC)-Fiscal Transparency Module for Greece. As noted in previous updates of the fiscal ROSC, much progress has been made in Gre...

Greece

Greece »

Source: Greece : Report on Observance of Standards and Codes: Fiscal Transparency Module

Volume/Issue: 2006/49

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 February 2006

ISBN: 9781451816266

Keywords: budget process, budget documents, budget management, budget law

This report provides an assessment of fiscal transparency practices in Greece in relation to the requirements of the IMF Code of Good Practices on Fiscal Transparency. The assessment reveals that Greece has made pr...

Greece

Greece »

Source: Greece : Request for Extended Arrangement Under the Extended Fund Facility: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Greece.

Volume/Issue: 2012/57

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 March 2012

ISBN: 9781475502442

Keywords: bank of greece, recapitalization, banking, state budget, fiscal adjustment

This paper presents the staff report for Greece's request for an Extended Arrangement under the Extended Fund Facility. The Greek economy fell into deep twin structural deficits after euro adoption. Easy access to...

Greece

Greece »

Source: Greece : Third Review Under the Extended Arrangement Under the Extended Fund Facility-Staff Report; Staff Statement; Press Release; and Statement by the Executive Director for Greece

Volume/Issue: 2013/153

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 June 2013

ISBN: 9781484389287

Keywords: tax administration, fiscal space, revenue collection, budget law, spending cuts

The short-term objectives are being met, but medium-term targets and sustainability have to be worked on. The impressive fiscal adjustment evident since the crisis erupted is continuing. The Executive Directors com...

Greece

Greece »

Source: Greece : Request for Stand-By Arrangement

Volume/Issue: 2010/111

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 May 2010

ISBN: 9781455206902

Keywords: debt, deficit, budget, public sector, financial sector

Greek real GDP has declined by 2 percent in 2009, and indicators suggest that activity will weaken further in 2010. With the deteriorating fiscal results came downgrades of government bonds by rating agencies, and...

Greece

Greece »

Source: Greece : Fifth Review Under the Stand-By Arrangement, Rephasing and Request for Waivers of Nonobservance of Performance Criteria; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Greece.

Volume/Issue: 2011/347

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 December 2011

ISBN: 9781463929268

Keywords: external debt, state budget, public debt, government debt, tax administration

The Executive Board approved a three-year Stand-by Arrangement for Greece in the amount of SDR 26.4 billion. Purchases have been made at the time of approval and upon completion of each of the first four reviews. T...

Greece

Greece »

Source: Greece : Fifth Review Under the Stand-By Arrangement, Rephasing and Request for Waivers of Nonobservance of Performance Criteria; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Greece.

Volume/Issue: 2011/351

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 December 2011

ISBN: 9781463929817

Keywords: external debt, state budget, public debt, government debt, tax administration

The Executive Board of the IMF has completed the fifth review of Greece's economic performance under a program supported by a three-year Stand-By Arrangement (SBA) for the country. The completion of the review enab...