
Publication
FISCAL RULES: THE ROLE IN FISCAL CONSOLIDATION PROCESS
(STEF92 Technology, 2017, L. Mihokova, R. Drab, O. Kmetova)
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The existing negative trend in fiscal development and increasing indebtedness of public finances, strengthened by the last crisis, have disrupted the fiscal stability of countries and have required governments’ interventions in the form of fiscal consolidation within their fiscal systems. The success of the fiscal consolidation process is conditioned by many determinants, among which may the fiscal rules be included. The role of fiscal rules is to provide a permanent pressure on fiscal policies with the intentio...
SOCIAL SCIENCES: Section Economics and Finance2017
