General government spending

2017 ◽  
Keyword(s):  
Government Spending ◽  
General Government

A Fiscal Need Approach to Sub-National Fiscal Equalization. Application to the Case of Chile

2015 ◽  
Vol 13 (3) ◽  
pp. 503-519
Author(s):  
Leonardo E. Letelier S. ◽  
Francisco Mesa
Keyword(s):  
Government Spending ◽  
Central Government ◽  
Health Centers ◽  
School Level ◽  
Future Research ◽  
Government Grants ◽  
Primary Health ◽  
Economic View ◽  
General Government ◽  
Primary Health Services

This research is intended to measure the gap between the existing level of grants for municipalities for school level education, primary health services and other services, regarding a theoretically advisable per beneficiary expenditure level based on the so-called ‘Fiscal Need Approach to Equalization’ as developed by Shah (1996, 2007). This general aim is being tackled while acknowledging that decentralization is a multi- dimensional concept, of which the fiscal one is imbedded in a wider political and economic context. Since the early eighties, Chilean municipalities have administered both school level public education as well as primary health centers, on account of which the central government grants municipalities a certain amount per beneficiary. Our main findings suggest that Chile is not a fiscally ‘centralized’ country as far as the distribution of general government spending in the areas being examined is concerned. Nevertheless, this result does not preclude acknowledging that Chile is still centralized from an economic view point. In this regard, future research should explore ways of promoting convergence across regions nationwide.

scholarly journals Fiscal management and political budget cycles in transition economies: Data panel analysis

2020 ◽  
Vol 15 (2) ◽  
pp. 205-220
Author(s):  
Ljubivoje Radonjić ◽  
Danijela Despotović ◽  
Slobodan Cvetanović
Keyword(s):  
Government Spending ◽  
Political Action ◽  
Statistical Tests ◽  
Budget Deficits ◽  
Political Budget Cycles ◽  
Fiscal Management ◽  
Relevant Evidence ◽  
Election Process ◽  
General Government ◽  
Policy Mechanisms

In this paper, on the basis of relevant statistical tests, the influence of the electoral process on the trajectory of fiscal indicators in the transition countries is analyzed. The aim of the research is to identify the political manipulation of certain fiscal policy mechanisms in transition countries.The focus of the survey is on the growth of general government spending, the reduction of general government revenues and the creation of budget deficits as the coherent consequences of fiscal expansion in the pre-election period. By testing, there is no relevant evidence of the use of tax incentives as a form of political action on the economic sphere. On the other hand, the results of the survey indicate that in the observed countries, there really is a rise in government spending in the period before the election process and, consequently, the growth of budget deficits. However, according to the same findings, in the post-election period there is no reduction in consumption. Growth in general governments consumption continues, but to a lesser degree, which in turn leads to the correction of the budgetary balance.

scholarly journals The effect of subsidising firms on voting behaviour: Evidence from Flemish elections

2012 ◽  
Vol 1 (1) ◽  
pp. 30 ◽  
Author(s):  
Caroline Buts ◽  
Marc Jegers ◽  
Dimi Jottier
Keyword(s):  
Government Spending ◽  
Local Level ◽  
Limit State ◽  
Government Expenditure ◽  
Financial Statements ◽  
Regional Government ◽  
International Consensus ◽  
General Government ◽  
Election Results ◽  
The Relationship

Despite an international consensus on the importance to limit State aid spending, large amounts of resources are still devoted to a wide variety of subsidies to firms. A sizable literature studies the relationship between general government spending and the proximity of elections, mostly documenting a positive link. In addition, other studies verify whether this strategy of increasing government expenditure pays off in terms of number of votes. We focus on one type of government spending that can be quite vulnerable to becoming ‘targeted spending’, i.e. subsidies to firms. We empirically test the relationship between the amount of subsidies granted to firms at the local level and local support for incumbent parties in the regional government. To that end, we make use of subsidy data derived from financial statements on 2008 and Flemish election results of 2004 and 2009. We find that the total amount of subsidies as well as subsidies per capita granted in 2008 positively correlate to support for incumbent parties 2009, meaning that voters appear to reward subsidy granting politicians.

scholarly journals Interlinkages between Government Resources Management, Environmental Support, and Good Public Governance. Advanced Insights from the European Union

Resources ◽  
2021 ◽  
Vol 10 (5) ◽  
pp. 41
Author(s):  
Gratiela Georgiana Noja ◽  
Mirela Cristea ◽  
Eleftherios Thalassinos ◽  
Marta Kadłubek
Keyword(s):  
European Union ◽  
Government Spending ◽  
Good Governance ◽  
Government Expenditure ◽  
Government Support ◽  
The European Union ◽  
Public Governance ◽  
Environmental Support ◽  
Positive Effects ◽  
General Government

Good governance requires efficiency and effectiveness in public sector management, a sound legal framework, enhanced coordination, credibility, and transparency of the actions that support financial stability. Connecting these actions, there are significant interlinkages between government spending management and economic development. The research conducted within this paper is set to assess the overall relationships within general government spending management, with a keen focus on government support for environmental protection and good public governance at the European Union (EU) level. The study investigates the cumulative effects of good public governance dimensions on economic welfare and poverty lessening. The dataset covers the period 1995–2017, and the methodological credentials are based on the structural equation modelling technique. The main results indicate that not only does government expenditure (including environmental support) shape good public governance, but the enhancements in good governance dimensions also have important spillovers on government spending regarding significant bidirectional connections. As for the overall implications, the estimations show that only general government expenditure has induced welfare increases, while environmental support does not generate the same positive effects. Ultimately, the all-embracing impact of considered governance dimensions is beneficial, leading to a downsizing of poverty within the EU.

scholarly journals Estimating Fiscal Multipliers in Selected Asian Economies

2021 ◽  
Author(s):  
Roselle Dime ◽  
Juzhong Zhuang ◽  
Edimon Ginting
Keyword(s):  
Government Spending ◽  
Developed Countries ◽  
Economic Recovery ◽  
Policy Regime ◽  
Fiscal Multipliers ◽  
Vector Autoregression Model ◽  
General Government ◽  
Asian Economies ◽  
Autoregression Model ◽  
Using Data

The surge of the coronavirus disease (COVID-19) pandemic has driven countries worldwide to launch substantial stimulus packages to support economic recovery. This paper estimates effects of fiscal measures on output using data from 2000 to 2019 for a panel of nine developing Asian economies and a vector autoregression model. Results show that (i) the 4-quarter and 8-quarter cumulative fiscal multipliers for general government spending range between 0.73 and 0.88 in baselines, in line with recent estimates for developed countries but larger than those for developing countries; (ii) government spending is more effective than tax cuts in boosting the economy; and (iii) an accommodative monetary policy regime can make fiscal measures more effective.

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