In the last decade, especially after the fiscal crisis, policymakers at the supranational and national levels have increased their concern regarding the financial sustainability of public finances and have tightened the control of government deficits by setting permanent financial constraints on government budgets—that is, budgetary rules. The use of budgetary rules in government has been mainly investigated through the lens of public finance and economic theory, while the accounting perspective seems to have been quite neglected. Accounting rules and procedures are critical for the effective functioning of budgetary rules, as they define what has to be measured and lay out a framework for assessing progress and achievement. This chapter aims to start filling this gap by shedding light on the role of budgetary rules in ensuring the financial sustainability of public entities in the context of a multi-level government system.

The Role of Budgetary Rules in Multi-Level Governments / Guarini, Enrico; Pattaro, Anna Francesca. - (2020), pp. 63-81. [10.1007/978-3-030-06037-4_4]

The Role of Budgetary Rules in Multi-Level Governments

Pattaro, Anna Francesca
2020

Abstract

In the last decade, especially after the fiscal crisis, policymakers at the supranational and national levels have increased their concern regarding the financial sustainability of public finances and have tightened the control of government deficits by setting permanent financial constraints on government budgets—that is, budgetary rules. The use of budgetary rules in government has been mainly investigated through the lens of public finance and economic theory, while the accounting perspective seems to have been quite neglected. Accounting rules and procedures are critical for the effective functioning of budgetary rules, as they define what has to be measured and lay out a framework for assessing progress and achievement. This chapter aims to start filling this gap by shedding light on the role of budgetary rules in ensuring the financial sustainability of public entities in the context of a multi-level government system.
2-mar-2020
Financial Sustainability of Public Sector Entities. The Relevance of Accounting Frameworks
Josette Caruana; Isabel Brusca; Eugenio Caperchione; Sandra Cohen; Francesca Manes Rossi
978-3-030-06036-7
978-3-030-06037-4
Palgrave Macmillan, Cham
REGNO UNITO DI GRAN BRETAGNA
The Role of Budgetary Rules in Multi-Level Governments / Guarini, Enrico; Pattaro, Anna Francesca. - (2020), pp. 63-81. [10.1007/978-3-030-06037-4_4]
Guarini, Enrico; Pattaro, Anna Francesca
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11380/1172747
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