Fiscal policy influences the economy through government spending ... In many low-income and emerging market economies, however, institutional limits and narrow tax bases mean that stabilizers are ...

Every economy faces a "fiscal limit" that delivers the maximum government debt-GDP ratio that can be sustained without appreciable risk of default or higher inflation. But governments in advanced ...

What are Fiscal Rules? A fiscal rule is a long-lasting constraint on fiscal policy through numerical limits on budgetary aggregates. Fiscal rules typically aim at correcting distorted incentives and ...

In her 2024 Union Budget speech, Finance Minister Nirmala Sitharaman said, “From 2026-27 onwards, our endeavour will be to keep the fiscal deficit each year such that the Central Government debt ...

Political ill-discipline has produced the biggest spending increase for a first-time government since the Whitlam era 50 ...

The discussion suggests that perhaps the American public understands, at least implicitly, that unless fiscal policy limits the growth of the public debt, the government's credit is sure to run out at ...