F inance Minister Nirmala Sitharaman will present her eighth budget today. This is the second full budget of the third Narendra Modi government and comes against the backdrop of t ...

Economic policy talk reaches a crescendo around the Union Budget in India. Is this justified? How consequential is the budget as far as the overall economy is concerned? Has its importance been ...

Why do soft budget constraints exist and persist? In this paper we argue that the prevalence of soft budget constraints can be best explained by the political desirability of softness. We develop a ...

This paper discusses the effects of budget deficits on the economy in four steps. First, it reviews standard theory about how budget deficits influence saving, investment, the trade balance, interest ...

Bulletin of the American Academy of Arts... Bulletin of the American Academy of Arts and Sciences Vol. 46, No. 7, Apr., 1993 Measure, Theory, Fact, and Fancy: The Ca... Measure, Theory, Fact, and ...

In theory, the Philippine Appropriation Act is the financial plan of the national government for the whole year, containing not only the approved expenditures but also the targeted amount and sources ...