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Local Public Finance in Europe: Balancing the Budget and Controlling Debt

Bernard Dafflon

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ISBN 10: 1840648783 / ISBN 13: 9781840648782
Published by Edward Elgar Publishing Ltd
New Condition: New Hardcover
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Title: Local Public Finance in Europe: Balancing ...

Publisher: Edward Elgar Publishing Ltd

Binding: Hardback

Book Condition:New

About this title

Synopsis:

Most countries apply some form of restrictions to local government budgeting and borrowing, but in various forms and to varying degrees. These restrictions are considered necessary components of a fiscal federalism involving some sort of central government control in local affairs, a design which can be termed `administrative federalism'. In this comprehensive book Bernard Dafflon introduces the reader to the institutional complexities of fiscal controls in European local public finance. The authors comprehensively explore the issues of government budgeting and borrowing, with the ultimate aim of understanding how mechanisms of fiscal discipline are established and function. Ten European countries are scrutinised on the basis of ten key issues including local budgetary policy-making, the policy effects of local budget deficits and public debt, the rules of amortisation and debt instalment, whether extensive fiscal controls promote budget accountability and discipline, and how the Maastricht criteria concerning deficit and debt can be implemented. They go on to highlight the complicated mix of rules, administrative routines and co-operative arrangements through which each country implements their individual budget controls. Although these arrangements have been successful in avoiding serious fiscal imbalance in the last twenty years, the authors argue that their impact on the broader goals of the government sector remains a more contentious question. This book offers a broad understanding of the rich institutional variations and elaborate fiscal designs in Europe from a comparative perspective. It will be welcomed by political scientists, public sector managers and economists, and scholars, practitioners and advanced students of public policy and fiscal studies.

About the Author:

Edited by Bernard Dafflon, former Professor of Public Finance, Centre for Studies in Public Economics, University of Fribourg, Switzerland

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