10 Questions
What is the main focus of expenditure rules?
Addressing excessive deficits
Which feature makes expenditure rules easy to monitor?
Transparent nature
What contributes to the enforceability of expenditure rules?
Legally binding appropriations
What can expenditure rules lead to in terms of spending?
Stricter prioritization and greater efficiency
What is compliance with expenditure rules generally higher than?
Other types of rules (on the budget balance or debt)
Expenditure rules are receiving increasing attention in the policy debate after the global financial crisis
True
Expenditure rules are directly aimed at addressing revenue pressures
False
Compliance rates with expenditure rules are generally lower than with other types of rules
False
Expenditure rules can lead to stricter prioritization and greater efficiency in spending
True
Compliance with expenditure rules is higher if the expenditure target is not directly under the control of the government
False
Learn about the role of fiscal institutions and expenditure rules in promoting sound fiscal policies. This IMF working paper discusses the increasing attention on expenditure rules and their features in addressing public finances.
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