Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/107149 
Year of Publication: 
1995
Series/Report no.: 
Discussion Paper No. 1995,02
Publisher: 
Deutsche Bundesbank, Frankfurt a. M.
Abstract: 
When monitoring, interpreting and assessing budget policy decisions and developments, the public authorities' financial balance has always played a prominent role. The Maastricht Treaty on European Union and the provisions contained therein on budgetary criteria and reference values gave rise to an additional demand for informative and comparable budget indicators. The financial balance that can be taken from the various statistics is initially only a conglomerate collated to a single numerical variable from a combination of trend-related, cyclical and transitory external influences, on the one hand, and the interaction of basic fiscal policy decisions on the public receipts and expenditure system and discretionary measures of current budget policy, on the other. Different cyclical situations, in particular, often conceal or distort the picture of basic financial tendencies in public sector budgets.
ISBN: 
392795165X
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.