Budget Deficit Research Papers - Academia.edu (original) (raw)

This paper looks into fiscal consolidation in India's heartland states of Madhya Pradesh and Chhattisgarh following their separation from 2001 to 2019. The study examines the trends in states' budget deficits, public spending, debt, and revenue collection to meet FRBMA, 2003 fiscal targets. According to the analysis, both states achieved fiscal consolidation after an initial hiccup during the period. The states adhered to the fiscal targets established by the FRBM Act of 2003 and various finance commissions. In Madhya Pradesh and Chhattisgarh, the gap between revenue receipts and revenue expenditure has narrowed. The percentage of interest payments deducted from revenue has also been reduced. Madhya Pradesh and Chhattisgarh are backward states, despite their above-average economic growth. The deficit and debt levels and the states' interest payments have increased later in the study period. The States must generate revenue through legislative non-GST taxes and other non-tax sources.

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- Public Expenditures, Public Debt, Revenue, Economic growth and development

CHAPTER 8 Economic Reforms, Growth, and Governance: The Political Economy Aspects of Bangladesh's Development Surprise Wahiduddin Mahmud, Sadiq Ahmed, and Sandeep Mahajan Bangladesh emerged from its war of independence desperately... more

- by Wahiduddin Mahmud
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- Development Economics, Developing Countries, Agriculture, Economic Development
- by Justin Lin and +1
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- International Economics, Natural Resources, International Trade, International Macroeconomics
- by Monica Violeta Achim
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- Finance, Economics, Development Economics, Macroeconomics
- by James Alt
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- Political Economy, Fiscal policy, Budget Deficit, OECD countries
- by Michael Bräuninger
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- Economics, Development Economics, Macroeconomics, Economic Theory

The balance between public revenues and expenditures are crucial for econo- mic development and to sustain this development. In the literature, the Main rea- sons of imbalances between revenue and expenditure considered under two he- adings: economic and political reasons. Economic reasons that affect the budget balance are unemployment, economic growth, economic crises, inflation and the debt stock. The effects of Political reasons on the budget are usually attributed to increased public spending in election years.
In this study, the budget balance, unlike traditional methods, will be analyzed by artificial neural networks. Turkey’s budget balance will be estimated using eco- nomic and political indicators. Particularly, the availability of this method in bud- get balance estimation will be investigated.

- by Hakan Hotunluoğlu
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- Artificial Neural Networks, Budget Deficit

The main aim of this study is to find out relationship among tax revenue, total expense, gross domestic production and budget deficit of Sri Lanka from 1990 to 2015. Budget deficit is a vital problem in Sri Lanka. This research mainly considers three independent variables such as tax revenue, total expense and gross domestic production and budget deficit is dependent variable of this research. Data of this study collected from annual report, ministry of finance and central bank reports of Sri Lanka. Descriptive and inferential statistics were performed with the help of SPSS to analyze research data, answer research questions, reach research objectives and test hypothesis in this study. Correlation analysis confirmed that there are positive significant relationship between direct tax revenue and gross domestic production (98.4%), direct tax revenue and budget deficit (98.6%), indirect tax revenue and gross domestic production (99.2%), indirect tax revenue and budget deficit (98.5%), capital expense and gross domestic production (99.3%), capital expense and budget deficit (98.5%), recurrent expense and gross domestic production (98.7%), recurrent expense and budget deficit (99.3%), gross domestic production and budget deficit (97.2%) of Sri Lanka from 1990 to 2015. Regression analysis confirmed that 98.9% of gross domestic production depends on capital expense, recurrent expense, direct tax revenue and indirect tax revenue of the Sri Lanka. Capital expense has significant impact on the gross domestic production of the country (P = 0.024). 99.4% of budget deficit depends on capital expense, recurrent expense, direct tax and indirect tax of Sri Lanka. Further it can be stated that indirect tax revenue and recurrent expense have significant impact on the budget deficit of Sri Lanka (P < 0.05). This study concludes that there is possibility to change budget deficit and gross domestic production through capital expense, recurrent expense, direct tax revenue and indirect tax revenue in Sri Lanka.

- by Erwin Klein
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- Econometrics, Applied Economics, Economic performance, Budget Deficit
- by Shakil Quayes
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- Economics, Applied Economics Letters, Budget Deficit
- by Ali Achour
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- Accounting, Economic policy, Decentralization, Financial System

This study investigates the effect of budget deficit reduction on exchange rate between US dollar and Turkish lira (TL). Our article aims to illustrate that the evidence on the relationship between budget deficits and exchange rates is not clear-cut and to explain why the theoretical approaches that underlie the relationship are ambiguous while there is general agreement that cutting budget

- by Yaprak Gülcan
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- Monetary Policy, Exchange rate, Developing Economies, Budget Deficit
- by 可耻卖萌
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- History, Psychology, Geography, Mathematics
- by Victor Polterovich
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- Economic Growth, Human Capital, Resource Curse, Industrial policy
- by Emilia Karapetyan
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- Business, Human Rights, Immigration, Security
- by Prodromos Vlamis
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- European Union, Sovereign Debt, Financial Crisis, Public Debt
- by Hassan Obeid and +1
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- Ownership Structure, Profitability, Financial Performance, Empirical Study
- by Victor Polterovich
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- Economic Growth, Economic policy, Resource Curse, Industrial policy

EXECUTIVE SUMMARY• From the 1970s through 2011, tobacco control advocacy in Florida was led by the local divisions of the American Cancer Society, American Lung Association, and American Heart Association (tri-agencies), with the American... more

- by Yogi H Hendlin
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- Health Education, Tobacco, Public Health, Policy Change
- by Monica Violeta Achim
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- Economic Growth, European Union, Financial Crisis, Budget Deficit
- by Daniel Hoornweg and +1
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- Accounting, Telecommunications, Microfinance, Developing Countries
- by Matthias Cinyabuguma
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- Real Estate, Macroeconomics, Forestry, Climate Change
- by Finn Førsund
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- Econometrics, Forestry, International Development, Property Rights
- by paul tanasescu
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- Public Finance, Risk Management, Financial Institutions, Portfolio Choice
- by William (Bill) Allan
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- Public Finance, Public Administration, Accounting, Internal Audit
- by Judit Szilagyi
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- Public Finance, Social Welfare, First Year, Budget Deficit
- by Pavlina Tcherneva
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- Economic Theory, Monetary Policy, Post Keynesian Economics, Crowding Out
- by Melike Bildirici
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- Econometrics, Applied Econometrics, Informal Economy, Income Distribution

In this paper, we combine Autoregressive Distributed Lag (ARDL) approach with trend analysis to
assess the relationship between Ghana’s budget deficit and economic growth from 2000 to 2015
using quarterly data. The trend analysis reveals that since 2000, years of high budget deficit were
usually followed by years of low economic growth and vice versa. This phenomenon was
pronounced in 2009, when the Gross Domestic Product (GDP) growth rate fell from 7.3 percent in
2008 to 4 percent in 2009, following an increase in the budget deficit from 8 percent in 2007 to
11.5 percent in 2008. The same phenomenon was observed between 2012 and 2015. The
econometric results show a significantly negative effect of budget deficits on economic growth.
Thus, a 100 percent increase in budget deficit in the long run would lead to a 3 percent decrease
in real GDP, holding all other factors constant. The results confirm the Neoclassical proposition
that high budget deficit does not necessarily translate into economic growth. The paper
recommends that government must ensure strong fiscal discipline without compromising the
wellbeing of the citizenry by allocating budget spending to sectors that can translate the deficit into
high economic growth both in the short and long runs.

- by J A D E
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- Economic Growth, Ghana, Budget Deficit, ARDL Cointegration
- by Sandeep Mahajan and +2
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- Development Economics, Economic Geography, Macroeconomics, Political Economy

Equilibrium growth rate stated by us is based on equilibrium evolution of economy IS-LM-SRAS, where the equations IS and LM are liniar specificated in real GDP, nominal interest rate and real wealth, and the SRAS curve is also linear, infered from linear Phillips curve. The evolution of the economy is determined from two dynamic continuous time equations: the dynamics of expected inflation rate, specified as adaptive mechanism with respect to current inflation rate, and the wealth dynamics, the last arising from the policy of budget deficit finance. As a consequence, the dynamics of economy depends on the policies of the government and the Central Bank. The paper comprises three parts: the dynamic model deduction, long run and short run dynamics of the economy, money finance debt, when b b t = policy is applied, deduction of the equilibrium growth rate for this policy.

- by ANA MICHAELA ANDREI
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- Economics, Monetary Policy, Inflation Dynamics, Riccati Equation
- by Sofia Anwar
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- Finance Economics, Budget Deficit, Trade deficit, Error Correction Model
- by Joko Waluyo
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- Economic Growth, Monetary Policy, Stochastic Simulation, Budget Deficit
- by Somneuk Davading
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- Public Finance, Intellectual Property, Natural Resources, Dispute Resolution
- by l jd
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- Health Education, Tobacco, Public Health, Policy Change
- by Andrea Pescatori
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- Data Analysis, Fiscal policy, European Commission, Government expenditure

This study reviews recent articles discussing the benefits of International Public Sector Accounting Standards (IPSAS) implementation in reforming public sector accounting, specifically in developing countries. These benefits are among others better transparency, accountability, and decision making in public sector financial transactions. The purpose of this study is to examine the role of IPSAS in addressing some critical financial issues, including financial aids, budget deficit, taxes, and corruption, which may hinder the progress of Jordanian public sector and the country's economic growth. This study concludes that IPSAS has an effective role in addressing these thorny issues and its implementation would therefore allow the Jordanian public sector to reach its development goals. The unique contribution of this study is that it enriches the body of knowledge regarding the benefits of IPSAS implementation in a more holistic manner and in a new context, Jordan.

Writing this article, the author proposes to make a brief presentation of the categories of indicators which determine the economic efficiency of the activity developed by the insurance companies from Romania and European Union. In the analyze of the activity efficiency of an insurance company it is followed the application of the same evaluation principles of the performance of each

- by Mircea Iulian
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- Resource Allocation, Monetary Policy, Raw materials, Riccati Equation
- by Ajit Zacharias
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- International Finance, Negative Feedback, Profitability, Capacity Utilization
- by Carlos Marinheiro
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- Econometrics, Applied Economics, Policy modeling, Granger causality
- by wellington garikai bonga
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- Economic Growth, Applied Economics, External Debt, GDP
- by Chief Editor
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- Budget Deficit
- by Mohammed Shahateet
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- Jordan, Causality, External Debt, Budget Deficit
- by Richard Barnes and +1
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- Health Education, Tobacco, Public Health, Policy Change
- by camila campos
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- Applied Economics, Emerging Markets, Public Debt, Budget Deficit

The Philippine national government had large and unsustainable budget deficits in the 1980s. But after a brief period of near-balanced budget in the mid-1990s, large deficits have reemerged in recent years. What explains the poor fiscal performance of the Philippines in recent years? Was it the result of unfortunate events, macroeconomic shocks, or misdirected fiscal policy? The large public-sector deficits in the early 1980s and those in recent years have similarities and differences. Both episodes of deficits occurred during periods of soaring oil prices, high interest rates, and volatile foreign exchange rates. Both episodes were also associated with low tax effort. The gains from the 1986 tax reform program during the middle years were lost in recent years because of discretionary changes. Over time, spending priorities changed. Marcos focused on infrastructure spending, while Aquino and Estrada focused on social services. Investment in physical infrastructure has a positive eff...

- by Benjamin Diokno
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- Tax reform, Public sector, Foreign Exchange, Profitability

The paper examines the solvency of Turkey regarding its external debts. Recent economic crises Turkey faced in last decade raised concerns on the issue of external debt sustainability. Using the usual intertemporal budget constraint, a statistically testable measure of solvency is derived and the methodology of Hakkio and Rush (Hakkio, C.S., Rush, M., 1991. Is the budget deficit ‘too large’? Economic Inquiry 29, 429–445.) is followed to evaluate the sustainability of the external debt of Turkey. In addition to the conventional cointegration tests, Zivot–Andrews (Zivot, E., Andrews, D.W.K., 1992. Further evidence on the great crash, the oil price shock, and the unit root hypothesis. Journal of Business and Economic Statistics 10, 251–270.) unit root test and Gregory–Hansen (Gregory, A., Hansen, B., 1996. Residual based tests for cointegration in models with regime shifts. Journal of Econometrics 70, 99–126.) cointegration test are also employed to find out whether a possible structural break that may be due to the recent economic crises in Turkey changes the empirical results. The findings show that with or without considering any structural break, Turkish external debt is weakly sustainable.

- by Gulcan Onel
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- Econometrics, Applied Economics, External Debt, Sustainable Use