Budgeting for fiscal space [E-Book] / Allen Schick
Schick, Allen.
Paris : OECD Publishing, 2009
18 p.
Full Text
Fiscal space refers to the financial resources available to a government for policy initiatives through the budget and related decisions. This article reviews the factors that contribute to the shrinkage of fiscal space, considers methods for protecting or enlarging it, and reflects on how budgeting may be recast into a process for explicitly allocating scarce fiscal space.