Case Studies of Fiscal Councils - Functions and Impact

Volume/Issue: Volume 2013 Issue 065

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Topics covered in this book

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Economics- Macroeconomics , Public Finance , PP , policy proposal , State audit office , budget bill , audit institution , error government , government policy , economic policy , forecasting error , deficit ceiling , MTEF revision , Fiscal councils , Budget planning and preparation , Asia and Pacific , Western Hemisphere , Europe , Global

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Summary

This supplement presents case studies of seven fiscal councils and examines how each council performs its core functions and if and how it impacts on the fiscal policy debate. The seven fiscal councils are: Belgium (Conseil Supérieur des Finances—HCF), Canada (Parliamentary Budget Officer—PBO), Hungary (Költségvetési Tanács), Korea (National Assembly Budget Office—NABO), the Netherlands (Centraal Planbureau—CPB), Sweden (Finanspolitiska rådet), and the United States (Congressional Budget Office-CBO). The main paper presents the comparative lessons and the general findings of this study based on a systematic comparison of these fiscal councils’ experiences. This supplement discusses in detail each individual fiscal council’s experiences.