Is EU Fiscal Governance Effective? A Case Study for the Period 1999–2019

This paper examines the factors that influence effectiveness of fiscal governance in EU through a panel 19 Eurozone countries for period 1999–2019 using an OLS method. The results show positive effects economic growth, inflation and change general government balance on forecast error. Furthermore, error is negatively affected by level public debt elections. Fiscal transparency integrated into analysis independent financial institutions, which positively Finally, Economic Adjustment Programs have effect error, thus improving efficiency governance. suggests budgetary such as councils, delegation further responsibilities to them increase countries’ sustainability finances.