Journal articles: 'Fiscal system'

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KAISER, M. "Fiscal system analysis—concessionary systems." Energy 32, no. 11 (November 2007): 2135–47. http://dx.doi.org/10.1016/j.energy.2007.04.013.

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Kaiser, Mark J. "Fiscal system analysis contractual systems." International Journal of Global Energy Issues 26, no. 1/2 (2006): 106. http://dx.doi.org/10.1504/ijgei.2006.009726.

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Chugunov, Igor, Valentyna Makohon, Andrii Vatulov, and Yuliya Markuts. "General government revenue in the system of fiscal regulation." Investment Management and Financial Innovations 17, no. 1 (March 10, 2020): 134–42. http://dx.doi.org/10.21511/imfi.17(1).2020.12.

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The dynamics of socio-economic processes requires the general government revenue to be adapted to changes in financial and economic conditions. The study aims to improve the scientific and methodological approach to general government revenue in the system of fiscal regulation. The impact of general government revenue on economic growth was estimated using a correlation-regression analysis and the multiplier effect concept. The authors found out that, in order to ensure the macroeconomic stability and accelerate the economic growth in conditions of transformational changes, it is reasonable to increase the share of direct taxes in the general government revenue structure, to implement the prudential and coherent fiscal policy with the strategic goals of the countries’ social and economic development. The authors substantiated that the increased share of direct taxes of the consolidated budget of Ukraine in GDP by one percent causes the real GDP to grow by 2.94 percent, whereas the increased share of the indirect taxes by one percent causes the real GDP to decrease by 0.45 percent; for 2014–2018, 28 percent of taxes are on average withdrawn per unit of GDP growth. The study results indicate that effective fiscal regulation is ensured only by the synergy of its fiscal, regulatory, and incentive functions, the reconciliation of fiscal sustainability and tax neutrality principles. AcknowledgmentThe article was prepared on the subject of the GDR: “The Financial and Budgetary Strategy for Economic Growth” (No. 0119U100577).

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Hinarejos Parga, Alicia. "Fiscal federalism in the European Union: Evolution and future choices for EMU." Common Market Law Review 50, Issue 6 (December 1, 2013): 1621–42. http://dx.doi.org/10.54648/cola2013161.

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In order to besustainable as a multilevel system of fiscal and economic governance, EMU faces certain challenges that are common to all federal, multilevel, or fiscally decentralized systems. This paper focuses on three such central challenges: (1) enforcing fiscal discipline; (2) addressing structural inequalities between different euro area economies; and (3) preventing and countering asymmetric shocks. The paper analyses the evolution of the EU's multilevel system of fiscal and economic governance in relation to these three challenges, showing that they have been only partially addressed. If it were to address these obstacles more fully, the EU would face a crucial choice between two ideal models of integration: The "surveillance model", where Member States maintain all taxing power and where the EU is an enforcer of discipline, and the "classic fiscal federalism" model, where the EU acquires an independent sphere of fiscal authority, and thus its own fiscal tools for macroeconomic stabilization. The paper analyses the implications of both models andargues that the surveillance model, when taken to its natural conclusion, poses as much of a threat to Member States' autonomy, and presents us with similar democratic legitimacy problems, as the classic fiscal federalism model.

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Lee, Sangmok, and Hadi Salehi Esfahani. "The effect of fiscal system reform on fiscal policy outcomes." Scottish Journal of Political Economy 67, no. 2 (May 2020): 186–200. http://dx.doi.org/10.1111/sjpe.12230.

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Khalil, Muhammad, Naveed Ahmad, Muhammad Nouman Shafique, Hussain Ahmad, Khalil Ur Rehman, and Raza Illahi. "The Importance of a Medium-Term Budgetary Framework in Enhancing the Sustainability of Public Finances." International Letters of Social and Humanistic Sciences 53 (June 2015): 86–93. http://dx.doi.org/10.18052/www.scipress.com/ilshs.53.86.

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Globalization has changed traditional systems to scientific systems rapidly. This reform took place every organizational process. Fiscal reforms are the major reforms in the organization. The objectives of fiscal reform is to enhance the quality of fiscal governance and public finance. The fiscal reform also consolidate superior budgetary resources through better disciplinary fiscal policies. These disciplined fiscal policies can be followed by the organizational and legislative measurements. It will leads to the introduction and establishment of new and independent fiscal rules. Now fiscal strategies moving towards the multi-annual budget system. The implementation of multi-annual budget system introduced the medium term budgetary system. The basic aim of this study is to introducing the importance of implementation of medium term budget system and the role of this budget system in public organizations. Fiscal management policies and tools plays important role in the sustainability of public finance in nations.

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Shaviro, Daniel N. "HOUSEHOLDS AND THE FISCAL SYSTEM." Social Philosophy and Policy 23, no. 2 (May 23, 2006): 185–209. http://dx.doi.org/10.1017/s0265052506060225.

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One of the most vexed issues in income tax policy is how family or household status should affect tax liability. This article suggests a general approach for thinking about the treatment of households in the fiscal system generally under a utilitarian social welfare norm. The United States fiscal rules considered include those not only in the income tax but under Social Security, Medicare, and safety net programs. Among the recommendations that emerge from the analysis are (1) recognizing couples for tax and transfer purposes without limitation to those that are married, (2) reducing the fiscal system's current distributional bias in favor of one-earner couples and its discouraging work by secondary earners, and (3) providing significantly more favorable treatment of households with children than of those with similar resources but no or fewer children, without limiting this more favorable treatment, in the manner of present U.S. law, to relatively poor households.

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Šehović, Damir. "Analysis of Fiscal Rules in the European Monetary Union." Journal of Central Banking Theory and Practice 4, no. 1 (January 1, 2015): 19–33. http://dx.doi.org/10.1515/jcbtp-2015-0002.

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Abstract : The EMU fiscal system is specific in many areas compared to other classic fiscal systems of national states. Specific features mainly reflect in the implementation of economic policy within the EMU which is carried out by combining a common centralized monetary policy under the ECB jurisdiction and decentralized fiscal policies under the jurisdiction of the member states. The member states` sovereignty in governing their fiscal policies is one of the key causes of the EU fiscal system underdevelopment, i.e. its indigent structure in relation to “standard fiscal systems”. More indigent structure of the EU fiscal system is reflected in the fact that it consists of only three segments. The first one refers to the EU budget which is also the only instrument for implementing fiscal policy at the supranational level. The second one refers to the harmonization of taxation systems in accordance with inputs and other legislation adopted at the EU level with the aim of fostering the single internal market. Finally, the third segment refers to the fiscal policy coordination of the EMU member states related to appropriate fiscal rules, which mainly stem from the Maastricht convergence criteria and the Stability and Growth Pact.

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Ming, Su, Wang Zhaocai, and Xu Long. "Investigation into Local Fiscal System Reform." Chinese Economic Studies 29, no. 4 (July 1996): 21–28. http://dx.doi.org/10.2753/ces1097-1475290421.

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Єфремов, Дмитро Петрович. "Automatic stabilizers in Ukrainian fiscal system." Technology audit and production reserves 6, no. 6(14) (December 23, 2013): 24–26. http://dx.doi.org/10.15587/2312-8372.2013.19661.

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Vershinin, Ye V., M. L. Prokofyev, and V. R. Afanasyev. "DEVELOPING FISCAL DATA PROCESSING ANALYTICAL SYSTEM." Issues of radio electronics, no. 3 (March 20, 2019): 78–82. http://dx.doi.org/10.21778/2218-5453-2019-3-78-82.

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The paper deals with the task of designing an analytical system for processing fiscal data. From a business point of view, such a system should solve the problem of analyzing a market basket, that is, finding the most typical patterns of purchases. From the point of view of data mining, the task of searching for association rules is solved, which consists of two stages: the search for all frequent sets with their support values and the acquisition of association rules based on the sets found. The first stage is provided by various search algorithms for frequent sets. In the paper, the algorithm chosen is the Frequent Pattern Growth Strategy (FPG) as the optimal one. The mathematical formulation of the task and the method for implementing the selected algorithm within the target system are given. The result of the work is a description of the fault‑tolerant and scalable model of the analytical system.

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Lin, Shuanglin. "How to reform China’s fiscal system?" China Economic Journal 13, no. 1 (November 15, 2019): 62–81. http://dx.doi.org/10.1080/17538963.2019.1691356.

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Mikesell, John L. "Lotteries in the state fiscal system." Journal of Gambling Studies 6, no. 4 (1990): 313–30. http://dx.doi.org/10.1007/bf01014587.

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Simón, Pablo, Agnese Sacchi, and Santiago Lago-Peñas. "Who Honours the Rules of Federalism? Party System Nationalisation and Fiscal Performance." Political Studies 66, no. 2 (September 27, 2017): 265–86. http://dx.doi.org/10.1177/0032321717714611.

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This article explores the impact of decentralisation on countries’ fiscal outcomes paying attention to one aspect usually neglected in the literature: the relevance of local politics, proxied by party system nationalisation. Based on a wide sample of developed and developing countries over the period 1970–2011, our findings are threefold. First, both fiscal and political decentralisations have a virtuous effect on fiscal performance, improving general government primary balances. Second, there is no strong evidence that nationalisation by itself enhances national fiscal outcomes. Nevertheless, when fiscal decentralisation is coupled with a certain level of nationalisation, the former improves government fiscal balances. However, when nationalisation of party systems is extremely weak, all the disciplining effects of decentralisation tend to disappear.

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Golubović, Srđan. "The role of the European Fiscal Board in the EU fiscal system." Zbornik radova Pravnog fakulteta Nis 58, no. 84 (2019): 15–30. http://dx.doi.org/10.5937/zrpfn0-23240.

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Chen, Chien-Hsun, and Hsiu-ling Wu. "Fiscal Structures and Regional Economic Growth: Evidence from China’s Fiscal Contract System." Journal of Developing Areas 41, no. 2 (2008): 119–35. http://dx.doi.org/10.1353/jda.2008.0025.

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Shirai, Sayuri. "The Impact of Intergovernmental Transfers in the Japanese Local Government Fiscal System." Asian Economic Papers 4, no. 2 (June 2005): 26–58. http://dx.doi.org/10.1162/asep.2005.4.2.26.

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Since the 1990s, a decline in local revenue caused by sluggish economic growth and an increased tendency for local governments to implement expansionary fiscal policies on behalf of Japan's central government have given rise to a growing gap between autonomous revenue and total expenditure. This has caused a rapid increase in various intergovernmental transfers, particularly to lowincome local governments, leading to excessive and unproductive spending. Within a cash-based settlement accounting system, the fiscal positions of low-income prefectures have become superior to those of high-income ones, giving the impression that the former are fiscally sounder than the latter. Decentralization initiatives should take these problems of the existing system into account.

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Bovsh, Liudmyla, Alla Okhrimenko, Margarita Boiko, and Sandeep Kumar Gupta. "Tourist tax administration in the fiscal target system for hospitality businesses." Public and Municipal Finance 10, no. 1 (January 29, 2021): 1–11. http://dx.doi.org/10.21511/pmf.10(1).2021.01.

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Decentralization reforms cause social challenges and shape a new configuration, conditions and behavioral etiquette for business entities in the fiscal environment of local communities in Ukraine. Destinations with significant tourism potential can form a powerful budgetary resource through local taxes, including tourist tax. The study aims to develop a tourist tax administration system in the context of drawing up local budgets and fiscal targets of hospitality businesses. The dynamics of tourist tax revenues to local budgets was traced, which shows a rapid growth in the pre-pandemic period by 47.1% and a slight decrease in 2020. The forecast indicators for the tourist tax growth are determined: by the end of 2022, it is 73.4% compared to 2019. The likelihood of achieving such results is justified by the increase in domestic tourist flows and the possibilities of increasing the efficiency of the tourist tax administration system. Most united territorial communities (UTC) have problems with formalizing the management process, lack of strategic vision, partial or complete lack of information on budgeting and administration of taxes and fees, including tourist tax. This led to the following proposals: the development of strategies and tactics that motivate fiscal discipline; assistance to cooperation of hospitality entities with UTCs; providing digitalization, agilization and forward-looking improvements that set benchmarks for business. The emphasis is on hospitality businesses’ ability of effectively utilize the financial resources generated by the tourist tax, which will contribute to developing the overall potential of UTCs and shaping the competitiveness of territories.

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Johnson, Paul. "Fiscal implications of population ageing." Philosophical Transactions of the Royal Society of London. Series B: Biological Sciences 352, no. 1363 (December 29, 1997): 1895–903. http://dx.doi.org/10.1098/rstb.1997.0176.

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In all developed countries the fiscal ties of the tax and benefit system serve to complement, and sometimes substitute for, traditional family bonds between young and old. Older people are major recipients of public pensions and public health care systems. Since these public transfers and services are financed primarily from the taxes paid by people of working age, the welfare system in effect transfers resources from young to old. But rather than see the fiscal interdependency between young and old as being analogous to the ties that bind children, parents and grandparents together in familial networks, it is often interpreted as an oppressive burden that the old place on the young. This paper examines arguments that population ageing will exacerbate this burden, and may lead to the collapse of public welfare systems. It shows that the financial problems currently associated with public pensions are a function of system design rather than demographic change, and that wholesale privatization of pension systems will do little to solve the major dilemma: of persuading people to transfer a larger part of their lifetime income to their later years in order to sustain a reasonable standard of living throughout an ever lengthening period of retirement.

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CHIA, NGEE CHOON. "UNIQUELY SINGAPORE'S BUDGETARY SYSTEM AND SOCIAL PROTECTION FINANCING SCHEMES." Singapore Economic Review 59, no. 03 (June 2014): 1450024. http://dx.doi.org/10.1142/s0217590814500246.

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This paper examines Singapore's fiscal position and its unique way of financing targeted welfare programs. We examine how reserves are accumulated through fiscal discipline during times of phenomenal economic growth in Singapore and when Singapore was enjoying demographic dividend. The existence of the large accumulated reserves has resulted in particular features of the Singapore's budgetary process, such as fiscal rules, which govern the utilization of revenues from the reserves. Innovative budget implementation, such as Block Budgeting, has helped Singapore to ensure fiscal sustainability. The accumulation of reserves throughout its economic history has afforded Singapore a unique way to fund social protection through special transfers and funds, without having to raise taxes.

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Kooij, Jurriaan, and Tom Groot. "Towards a comprehensive assessment system of local government fiscal health." Maandblad voor Accountancy en Bedrijfseconomie 95, no. 7/8 (September 2, 2021): 233–44. http://dx.doi.org/10.5117/mab.95.67693.

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Understanding fiscal health, also commonly referred to as financial condition, is key to sound decision making and the proper functioning of local government. Nonetheless there is no agreed upon way to measure fiscal health. We argue that the use of a conceptual framework is essential in furthering our understanding of measuring and assessing local government fiscal health. In this study we offer a framework and a set of financial accounting indicators visualizing fiscal health on the short and long term, taking into account the existing liabilities and local government obligations towards its constituents. The study draws on the theoretical and empirical analysis of corporate bankruptcy prediction models and local government fiscal distress models. We develop a possible comprehensive set of fiscal health indicators and compare it with existing empirical studies of local government fiscal health. The model captures current performance in four solvency dimensions (cash, budget, service-level and long term) and allows for predictions of future performance, taking into account risks (predictors of possible future financial stress) and capabilities (opportunities to strengthen future financial health). We tested our model by reviewing 33 empirical studies and found that we could allocate all indicators used to the dimensions of our framework. No empirical study appears to address all dimensions. The selection of performance dimensions is partly driven by the studies’ research objectives.

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Lagodiienko, N., and І. Yakushko. "DEVELOPMENT OF THE TAXATION SYSTEM IN THE CONDITIONS OF DIGITAL TRANSFORMATION OF THE NATIONAL ECONOMY." Financial and credit activity problems of theory and practice 5, no. 40 (November 8, 2021): 378–88. http://dx.doi.org/10.18371/fcaptp.v5i40.245164.

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Abstract. Creating an effective tax system in the country is one of the most important conditions for ensuring its competitiveness. Today, there is a process of active tax competition between states around the world. This determines the importance of creating conditions for the introduction of digital technologies in the field of taxation, which can radically change the efficiency of tax authorities and facilitates the transition of tax systems to a qualitatively new level of development. Thus, within the article, theoretical provisions of the development of fiscal digitalization as an objectively necessary component of reforming tax systems in the current context of the national economy digitalization are examined. This was implemented through the study of the digitalization essence, which was carried out based on the analysis of the formed scientific concepts of this phenomenon consideration, concretization of the influence of such phenomenon on the national economy development. As a result, advantages of the digital technologies introduction for the tax system of the countries are also determined. To specify the essence of fiscal digitalization, within the article, the content of fiscal and digital space is considered, their objective convergence in the current conditions of economic development are substantiated, as well. The author’s interpretation of the essence of fiscal transformation was proposed, namely: fiscal transformation — a space in which the processes of introduction of modern information technologies into the activities of fiscal authorities to increase the effectiveness of the relevant executive authorities policy in the field of revenue and expenditure regulation. economic development and ensuring the development of other economic entities. Conceptual principles of the fiscal digitalization development, its inevitable nature are also deepened, and its important role in ensuring the competitiveness of tax systems is substantiated, advantages and threats that may arise in the process of the introduction of modern digital technologies in the fiscal sphere are analyzed. Keywords: digitalization, fiscal space, digital space, fiscal digitalization, digital technologies. JEL Classification H21 Formulas: 0; fig.: 3; tabl.: 0; bibl.: 36.

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Panfil, Przemysław. "Fiscal Rules and Fiscal Illusions – The Experience of Poland." Financial Law Review, no. 24 (4) (December 30, 2021): 24–42. http://dx.doi.org/10.4467/22996834flr.21.030.15397.

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The aim of this article is to provide the synthetic presentation of over twenty years of Poland’s experience in establishing and obeying the system of fiscal rules. This experience depicts the scale of problems entailed by public authorities’ low determination as regards observance of constraints imposed on them. Therefore, it is necessary to substantially reinforce the budgetary frameworks in Poland with the use of the best European models. Firstly, the ESA 2010 standards should be fully implemented into the Polish legal order. Secondly, the Polish system of fiscal rules should be complemented with the budget balance rule, which would make it easier to achieve and maintain a medium-term budgetary objective defined by the EU regulations. Thirdly, a fiscal institution should be established, which would allow for constant and independent of the government monitoring of the observance of fiscal rules. Such institutional changes would make it possible to constrain the discretionary nature of the fiscal policy and, consequently, would increase Poland’s fiscal sustainability in the medium and long term. The basic research methods used in this paper are dogmatic analysis and comparative legal analysis.

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Sanyal, Amal. "The Fiscal Crisis and the Monetary System." Social Scientist 16, no. 4 (April 1988): 28. http://dx.doi.org/10.2307/3517258.

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Wiśniewska-Kuźma, Magda. "Income redistribution and the state’s fiscal system." Nierówności społeczne a wzrost gospodarczy 60, no. 4 (2019): 101–14. http://dx.doi.org/10.15584/nsawg.2019.4.7.

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Kumar, Saurabh. "European Monetary System and the Fiscal Crisis." India Quarterly: A Journal of International Affairs 68, no. 2 (June 2012): 155–71. http://dx.doi.org/10.1177/0974928412449247.

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Raczkowski, Konrad. "The Determinants of Fiscal Effectiveness of the Tax System." Annales Universitatis Mariae Curie-Skłodowska, sectio H, Oeconomia 50, no. 1 (April 19, 2016): 71. http://dx.doi.org/10.17951/h.2016.50.1.71.

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Suryawati, Dina, Agus Suryono, Choirul Saleh, and Mujibur Rahman Khairul Muluk. "Fiscal Health in Local Government Based on Soft System." JEJAK 11, no. 2 (September 10, 2018): 224–43. http://dx.doi.org/10.15294/jejak.v11i2.16048.

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The purpose of this paper is to identify problems and construct a conceptual model related to the local fiscal health condition. The local fiscal health condition is highly dependent on many factors, indicating that local finance is a complex, systemic and unstructured process. The main emphasis in this research is that the researchers attempt to explore the problem situation with the interpretive and naturalistic approach toward the local fiscal health condition and to study, understand, and interpret the meaning of phenomenon. This study uses a soft system methodology (SSM) that is a systemic approach to describe unstructured issues with a structured approach. The successful conceptual model constructed in this research is the survival mechanism of revenues and expenditures model. The results of this study indicate that the main problem of fiscal health condition is from both revenues and expenditures. Revenues problem is indicated by the low local fiscal independence, while expenditures problem is by the high indirect personnel expenditures. The location taken as the unit of analysis was Bondowoso Regency, East Java, Indonesia with the consideration that Bondowoso Regency is one of the four underdeveloped regencies in East Java Province.

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Stepanova, O. V. "Fiscal Space for Health Care: Modern Approaches to Formation and Diagnostics." Statistics of Ukraine 81, no. 2 (October 18, 2018): 62–71. http://dx.doi.org/10.31767/su.2(81)2018.02.08.

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In the article an analytical review of theoretical approaches to the definition of the fiscal space is conducted. The peculiarities of the interpretation of the essence of the fiscal space for financing the health care system in the contemporary economic researches are explored. It has been determined that fiscal space for the health care system is in fact one of the conceptual approaches for studying the optimal parameters and proportions of financing of the health care, as well as determining the potential reserves for its increase. Based on the study of foreign experience, it is substantiated that the main factors of fiscal space capacity building for health are: macroeconomic context; the need to ensure the fiscal sustainability in the medium and long-term; peculiarities of models of collection of financial resources, accumulation of financial resources and distribution of financing for the medical services; the priority of public financing of the health care system; the possibility of increasing public financing of health care and the introduction of additional mechanisms for increasing financial resources for health care. It is shown that the state can create fiscal space for financing health care system on the basis of three components: financial resources collection system; systems of accumulation of financial resources; system of distribution of financial resources for the provision of medical services to the population. The analysis of the structure and volume of public health financing in OECD countries has been conducted. The results of the analysis allow us to notice the existence of various proportions of financing the health care, even in the context of the use of identical dominant financing mechanisms. It is determined that among the studied countries the share of countries with the budget financing mechanism of health care is the largest. It is shown that financing of the health care system in Ukraine is considerably smaller than in the OECD countries. The necessity of diagnostics the potential of fiscal space for the health care in Ukraine is substantiated. The indicators of diagnostics of fiscal space for the health care system are systematized in four projections, in particular: indicators of macroeconomic potential; indicators of fiscal capacity; indicators of the pressure of changes in health care expenditures on the fiscal sustainability of; indicators of demographic and social pressure. The need to diagnostics of the potential for fiscal space for health care should be interconnected with indicators of medium and long-term fiscal sustainability.

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Quezada, Sergio, and Elda Moreno Acevedo. "Del déficit a la insolvencia. Finanzas y real hacienda en Yucatán, 1760 –1816." Mexican Studies/Estudios Mexicanos 21, no. 2 (2005): 307–31. http://dx.doi.org/10.1525/msem.2005.21.2.307.

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A lo largo de la segunda mitad del siglo XVIII la provincia de Yucatán enfrentó un permanente déficit hacendario como resultado de su creciente gasto militar. La sangría de recursos por parte de la Metrópoli y la desarticulación del sistema fiscal colonial, resultado de la guerra de Independencia, llevaron a Yucatán en 1814 a una crisis financiera. Este artículo analiza, desde la perspectiva de las finanzas coloniales, el déficit fiscal y los mecanismos para solventarlo. El estudio se sustenta en la organización de los ramos hacendarios bajo los principios fiscales coloniales. During the second half of the eighteenth-century the province of Yucatan faced a permanent fiscal deficit as a result of the increasing military expenses. The continuos draining from Spain and the disarticulation of the colonial fiscal system as well as the effects of the independence war lead Yucatan into a financial crisis. This article analizes the fiscal deficit and the strategies to solve it from the colonial finances perspective. In order to accomplish this, the organization of the fields of the royal treasury, under the colonial fiscal principles was necessary.

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Eromosele, Harrison Ogbeide, and David Umoru. "DO FISCAL AND MONETARY POLICIES COOPERATE OR CONFLICT WITH EACH OTHER IN NIGERIAN ECONOMY?" SRIWIJAYA INTERNATIONAL JOURNAL OF DYNAMIC ECONOMICS AND BUSINESS 3, no. 1 (March 26, 2019): 15. http://dx.doi.org/10.29259/sijdeb.v3i1.15-30.

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The determination for this study was to ascertain if fiscal and monetary policies are cooperating or rather conflicting with each other in Nigerian economy. Government disbursement and growth of money stock were used to denote fiscal and monetary policy variables. Two reduced form equations of monetary and fiscal policies were specified from underlying structural model. This yielded fourteen RF parameters in contrast to eleven structural parameters and so we had system of over-identification. These prompted use of IV estimators such as GMM and 3SLS. Estimates show similar findings for both estimators as we found evidence that fiscal policy does not respond favourably to monetary policy as monetary policy was found to have an insignificant effect on the fiscal policy. More so, fiscal policy does not respond to lag effect of monetary policy. Relatively, monetary policy responds favourably to fiscal policy. The lag effect of money supply was also found to have a significant impact on money supply. Empirical finding so upholds that Nigerian economy is fiscally overriding notwithstanding money being an integral part of all macroeconomic variables. Significance of lag effects of both fiscal and monetary policy is reflection that implementation process of both policies is excessively time overshadowing. Consequently, there is need for building well-organized units of fiscal and monetary authorities that can accelerate implementation process of these policies.

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Elmas, Filiz, and Mehmet Songur. "Ricardian Fiscal Regime and Fiscal Theory of the Price Level: The European Monetary System." Ekonomik Yaklasim 27, no. 99 (2016): 203. http://dx.doi.org/10.5455/ey.35930.

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Hee-June Sohn. "Restructuring the Fiscal Assignment System between the Central and Local Governments for Fiscal Decentralization." Korean Governance Review 15, no. 2 (August 2008): 157–85. http://dx.doi.org/10.17089/kgr.2008.15.2.007.

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VDOVENKO, Larysa O., Svitlana V. SKRYPNYK, Polina O. FENENKO, Vita M. HAVRYLIUK, and Vitalii V. KOVALOV. "Discrete Process of Development and Effective Functioning of the Fiscal System of the Ukraine and EU Countries." Journal of Advanced Research in Law and Economics 11, no. 4 (June 15, 2020): 1446. http://dx.doi.org/10.14505/jarle.v11.4(50).42.

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The article considers the discrete process of development and effective functioning of the fiscal system of the European Union and Ukraine. A comprehensive methodological approach to the development, sustainability and efficiency of the fiscal system, which provides structural restructuring of the economic system and affects the ‘fiscal maneuver’ of the initial formative component, balances the specific interests of all subjects of redistributive relations. The typology of fiscal systems depending on the approved level of income tax rates, wages and other taxes is studied. The method of estimating the level of tax burden at the macro level is substantiated, which shows the share of GDP that is redistributed through the total amount of tax revenues to the budgets of all levels and extra-budgetary funds. The method of determining the level of tax burden and its impact on the consumer market and production (of goods), as well as the coefficient of elasticity of tax revenues to the State Budget, which embodies the fiscal effect of the impact on the system of tax revenues is shown. The three-stage structure of indicators is determined, which allows to calculate the integrated indicator of the state of the fiscal system and to determine the dynamics of the level of its security by stimulant factors and disincentive factors. The normalized values of stimulus factors and disincentive factors, as well as an integrated indicator of the state of the fiscal system of Ukraine are estimated and determined. The share of direct and indirect taxes in the GDP, as well as the structure of tax payments in the revenues of state budgets of EU member states are analyzed. A modification of the taxonomic indicator of indicative development of the fiscal system (indirect tax harmonization index) has been developed, which characterizes the level and dynamics, as well as changes in the directions and scales of consumption taxation in EU member states and Ukraine under conditions of functioning in a single economic space with a certain degree of harmonization of the sphere of indirect taxes.

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Gao, Peiyong, and Jiang Zhen. "The fiscal system of China under the New Normal: trends and changes." China Political Economy 1, no. 1 (June 4, 2018): 84–99. http://dx.doi.org/10.1108/cpe-09-2018-010.

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Purpose More and more statistics have repeatedly shown that as the economic development has entered the New Normal, the Chinese fiscal system has experienced tremendous changes. Although chance cannot be ruled out, much of those changes indicate trends, and they can even be said to be the result of the law of economic development. These trends and changes have repeatedly demonstrated that, as a reflection and an inevitable result of the economic developing speed shift, structural adjustment and energy conversion, the Chinese fiscal system, far from the conventional operating state, has progressed on a new path. The paper aims to discuss this issue. Design/methodology/approach This paper systematically analyzes several new trends and changes in the Chinese fiscal system under the New Normal. First, revenue growth has experienced a sharp downward trend, while the tax elasticity coefficient has declined rapidly. Second, fiscal expenditure has risen against the tendency, while the rigidity of expenditure has kept on increasing. Findings Considering the present fiscal and taxation system reform with the analysis above, it can be seen that if the reform’s progress for the past two years is slower than expected – thus, preventing the effects of all aspects from a timely achievement – then, in the recent period, the agreement on the fiscal and taxation system reform will be reached and challenges entirely different from the past, including sharp slowdown in revenue growth rate, fiscal expenditure rising against trend and increases in fiscal deficit and government debts will be faced. The factors encouraging the reform are gathering gradually. The growth of the strength to push the reform forward is speeding up. And the pace of the reform in relevant areas is quickening. Originality/value In the face of those trends and changes, on the one hand, the authors should deeply understand and accurately grasp them through a comprehensive summary and systematic analysis. On the other hand, a series of conventional ideas, thoughts and strategies should be adjusted comprehensively and duly. Taking a train of new ideas, thoughts and strategies, the authors ought to actively adapt to and initiate a new Chinese fiscal structure under the New Normal of China’s economy.

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Tuaeva, L. A., I. Z. Toguzova, and S. K. Tokaeva. "Major Approaches to Assessing the Fiscal Sustainability of the Constituent Entities of the Russian Federation." Economics and Management 26, no. 6 (August 25, 2020): 577–83. http://dx.doi.org/10.35854/1998-1627-2020-6-577-583.

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The presented study develops theoretical and methodological foundations for assessing the fiscal sustainability of the constituent entities of the Russian Federation in perspective.Aim. The study aims to develop a systems approach to assessing the fiscal sustainability of the constituent entities of the Russian Federation in the medium and long term.Tasks. The authors analyze the major approaches to assessing the fiscal sustainability of federal subjects and determine the significance of quantitative and qualitative assessment methods in the development of a methodology for assessing the fiscal sustainability of federal subjects in the medium and long term.Methods. This study uses scientific methods of cognition, analysis and synthesis, comparison and analogy, systems and institutional approaches to assess the fiscal sustainability of federal subjects.Results. The authors examine the major approaches to assessing the fiscal sustainability of federal subjects developed by Russian scientific schools and disciplines; approaches used by state and local authorities; approaches to assessing the fiscal sustainability of federal subjects used by international and national rating agencies; foreign experience. In general, this implies the development of a universal system of indicators for assessing the fiscal sustainability of federal subjects.Conclusions. It is substantiated that under the current conditions of new challenges, particularly in the context of the coronavirus pandemic, it is necessary to assess the long-term balance and sustainability of the budgets of federal subjects using a systems approach based on quantitative and qualitative methods, making allowance for the medium- and long-term prospects to make efficient management decisions at different levels of the economic system.

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AMADI, Agatha Nkem, Kehinde Adekunle ADETILOYE, Alexander Ehimare OMANKHANLEN, Idimmachi Pius AMADI, and Pascal NWODIMMAH. "The Stabilization Effects of Fiscal Policy on Banking System Stability in Nigeria." Asian Economic and Financial Review 11, no. 10 (October 22, 2021): 805–15. http://dx.doi.org/10.18488/journal.aefr.2021.1110.805.815.

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This study examined the stabilization effect of fiscal policy on banking system stability in Nigeria using data from 1985 to 2019. The study adopted the ordinary least squares, cointegration and error correction techniques to analyze and determine the existence of a long-run relationship among the variables. The ordinary least squares technique was used to evaluate the impact of the interaction between fiscal policy and banking system stability variables. The findings indicate that fiscal policy has a strong influence on banking system stability in Nigeria. It was further discovered that, among the fiscal policy variables, taxation and government debt have a more positive effect on banking systems than other variables used in the study, while government funding and debt growth have a negative effect on banking system stability. This indicates that the more debt the government accumulates, the greater the instability of the banking system. The study recommends that the government put appropriate controls in place to avoid borrowing that will creep into deficit, which will, in turn, affect the banking system stability. The government should also ensure that its borrowings are channeled into productive segments of the economy to enhance the sustainable repayment of debt and ensure that the mechanisms for debt repayment are strictly adhered to.

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Lee, Pak K. "Into the Trap of Strengthening State Capacity: China's Tax-Assignment Reform." China Quarterly 164 (December 2000): 1007–24. http://dx.doi.org/10.1017/s0305741000019275.

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The Third Plenum of the 14th Central Committee of the Chinese Communist Party (CCP) in November 1993 decided in principle for a comprehensive reform of central-provincial fiscal relations. Soon after the Plenum, the central government announced that the new fiscal system, known as the tax-assignment system (fenshuizhi), would be implemented nation-wide in 1994. With the aim of providing adequate revenues for government, particularly the central government, by revamping central-provincial revenue-sharing arrangements, the reform is to “[change] the current fiscal contractual responsibility system of local authorities to a tax assignment system …” and to “gradually increase the percentage of fiscal income in the gross national product (GNP) and rationally determine the proportion between central and local fiscal income.”

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Chekina, Viktoriia. "Fiscal foresighting: analysis of researches." Economy of Industry 2, no. 94 (June 25, 2021): 71–107. http://dx.doi.org/10.15407/econindustry2021.02.071.

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In the context of the rapid technology development and globalization transformations, predicting changes in the economy, which affect fiscal system, is extremely relevant. Therefore, fiscal foresight as a mean of predicting a fiscal policy development in the long run is becoming an integral part of tax policy and economic development elaboration in many countries of the world. The objective of the paper is to analyse theoretical aspects of fiscal foresight, as well as foreign and national experience in fiscal foresights’ preparation to identify long-term factors and indicators that will have a significant impact (both positive and negative) on a fiscal system in a distant future. It was established that fiscal foresighting is a process of collecting data on the future to assess long-term prospects for the stability of tax revenues and budget expenditures in the face of changes in macroeconomic and other factors affecting the national economy. The main components of fiscal foresighting are identifying and monitoring trends, scanning and monitoring the time horizon, identifying risks and problems, and developing scenarios. Analysis of foreign fiscal foresights has shown that they become the basis for the development of shorter-term plans for the advance of fiscal systems, pointing out the main directions of fiscal policy, risks and barriers to achieving the goals. However, conducting an interstate analysis of a fiscal foresight remains problematic. This is due to the fact, that there is no single methodology for preparing fiscal foresights, countries choose different research horizons and update periods. It was defined that the basis for the goal-setting of national fiscal foresights was taken: reducing the level of income and welfare inequality, fighting against tax evasion, the transition to a "green" economy, promoting the digital development, stabilizing the socio-demographic condition with an unambiguous conclusion about the need to make adjustments to a national tax system. Countries have chosen as the main long-term fiscal policy actions: "rebalancing" the tax structure from direct taxes on labour and capital to indirect taxes on consumption and taxes on property and resource use; the transition from models based on ownership/sales to models based on the use of assets/goods/services; the introduction of new taxes, changes in rates, etc., the use of digital technologies in the tax payment and administration processes. The analysis of the socio-economic situation in Ukraine was carried out in order to identify factors that are critical in the development of the main vectors for the advance of the country's fiscal system in the future. These are recognized as: demographic and social changes, "depletion" of demand in the face of increased competition and the dependence of the export-oriented economy on the international environment and turbulence in the international economy, income inequality, digitalization, tax evasion, environmental degradation. Based on the results of the analysis of the "National Economic Strategy for the Period up to 2030", it was established that the actions indicated in the Strategy can become the initial data for the development of the first national fiscal foresight as a basis for assessing the long-term sustainability of the current fiscal system , identifying opportunities and risks of transformations of the fiscal policy of Ukraine under the influence of megatrends and intrastate changes associated with the peculiarities of the country's socio-economic development.

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Stehn, Sven Jari, and Annalisa Fedelino. "Fiscal Incentive Effects of the German Equalization System." IMF Working Papers 09, no. 124 (2009): 1. http://dx.doi.org/10.5089/9781451872712.001.

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Goulart Junior, Jaderson, and Demian Castro. "O sistema fiscal chinês hoje: tax-share system." Geosul 35, no. 77 (December 7, 2020): 645–68. http://dx.doi.org/10.5007/2177-5230.2020v35n77p645.

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A segunda maior economia do mundo e uma das cinco experiências existentes do Socialismo Real, a China surpreende pela sua capacidade de crescimento, inovação e desenvolvimento. Embora seja definida como um Estado unitário, muitas de suas práticas são descentralizadas. Dessa maneira, esse trabalho traz um levantamento do sistema fiscal que há desde 1994 na China, o Tax-Share System, detalhando seus impostos, os gastos orçamentários, e a questão regional. Além disso, foca também na divisão dessas variáveis entre os níveis de governo central e local.

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Dahlby, Bev, and Neil Warren. "Fiscal Incentive Effects of the Australian Equalisation System." Economic Record 79, no. 247 (December 2003): 434–45. http://dx.doi.org/10.1111/j.1475-4932.2003.00143.x.

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Zhang, Guang. "The revolutions in China’s inter-governmental fiscal system." Public Money & Management 38, no. 6 (July 27, 2018): 419–26. http://dx.doi.org/10.1080/09540962.2018.1486104.

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Scott, John. "Redistributive Impact and Efficiency of Mexico’s Fiscal System." Public Finance Review 42, no. 3 (August 19, 2013): 368–90. http://dx.doi.org/10.1177/1091142113497394.

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amusa, hammed, and philemon mathane. "SOUTH AFRICA'S INTERGOVERNMENTAL FISCAL RELATIONS: AN EVOLVING SYSTEM." South African Journal of Economics 75, no. 2 (June 2007): 265–92. http://dx.doi.org/10.1111/j.1813-6982.2007.00121.x.

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Skupeiko, V., and O. Voznyuk. "Fiscal levers in the system of crisis management." Scientific Messenger of LNU of Veterinary Medicine and Biotechnologies 20, no. 91 (November 16, 2018): 116–18. http://dx.doi.org/10.32718/nvlvet9124.

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The negative impact of “shadow” wages on protection of the rights of employees is considered. If you do not take action today, after some time these people will receive a minimum pension. The indexes of unregistered labor in the Lviv region are given and, taking into account the norms of labor legislation, is indicated on the procedure for the recruitment of hired workers. In order to ensure the rights of employees, the Government provides for measures aimed at diminishing relations in the field of employment, namely the use of fiscal comprehensive measures-checks on the design of labor relations. The analysis of the results of the first inspections of the subjects of economic activity and their influence on the income tax on personal income and the single contribution to the budget was carried out.

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Arora, Vivek B., and John Norregaard. "Intergovernmental Fiscal Relations: The Chinese System in Perspective." IMF Working Papers 97, no. 129 (1997): 1. http://dx.doi.org/10.5089/9781451934816.001.

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Goin, Marcia. "Fiscal Fallout: Patients in the Criminal Justice System." Psychiatric News 38, no. 13 (July 4, 2003): 3–44. http://dx.doi.org/10.1176/pn.38.13.0003.

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Loboda, N. O., O. М. Chabaniuk, and Y. O. Mosolova. "Simplified Taxation System as a Microeconomic Fiscal Regulator." Business Inform 4, no. 519 (2021): 228–34. http://dx.doi.org/10.32983/2222-4459-2021-4-228-234.

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The article considers the specifics and features of application of the simplified taxation system in Ukraine. Small business entities can apply either general or simplified taxation system. On the basis of generalizations of literary sources and current practice, the advantages and disadvantages of the simplified system at the present stage of economic development are determined. The biggest advantages of the simplified taxation system are tax advantages, which consist in the absence of the obligation to pay certain types of taxes, as well as a simplified system of accounting and reporting for small business entities, the ability to take into account the socio-economic situation of a particular geographic area, because a single tax has to be paid to the local budget. The disadvantages are primarily associated with abuse by economic entities and their evasion of payments. Four groups of single tax payers are characterized depending on the level of annual income, the number of employees and legally established rates. The dynamics of single tax receipt is analyzed and its share in the structure of tax revenues to the Consolidated Budget of Ukraine for 2016-2020 is determined. The proportion of the single tax in the context of taxpayers for 2016-2020 is determined and it is found that the largest share of this tax comes from individual entrepreneurs. The actual problems of functioning of the simplified taxation system in Ukraine are distinguished. The main legally justified reforms are analyzed: new limits for individual entrepreneurs and introduction of registrars of settlement operations. Some changes and postponements in the legislation in connection with the COVID-19 pandemic are noted. As a result, conclusions are drawn about the need to reform the simplified taxation system, which should be aimed at improving it along with preventing abuse.

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GASANOV, Sergіi. "Fiscal risks and fiscal targeting in the system of public finance management under institutional uncertainty." Naukovi pratsi NDFI 2017, no. 79 (June 25, 2017): 5–24. http://dx.doi.org/10.33763/npndfi2017.02.005.

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Journal articles on the topic 'Fiscal system'

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