After the Stability and Growth Pact suspension to face Covid-19 emergency subsequent financial crisis, a novel fiscal discipline must be designed for Euro Area. In this short paper, we formally analyze compare three budget rules their efficacy in pursuing reasonable public debt reduction target, explicitly envisaged by them. The refer are: (a) structural adjustment toward medium term objective,...

In this article, European public finances are analyzed by focusing on the EU budget and the influence of the EU on member states’ taxes and spending. Starting from the economic theory of federalism, the chapter surveys the development of EU revenue, spending and off-budget activities, discusses the redistributive impact of the EU budget on member states, budgetary decision-making procedures and...

The idea of so-called “Participatory Budgeting” (PB) has recently re-entered the modern political discourse. Major metropoles, such as New York, are making progress beyond mere piloting by paving road for mandatory PB with new legislation, while communities various sizes and politicians ranks all around world aim to follow suit in an attempt maintain image democratic progress. This paper shall ...

Although the theory of soft budget constraints is widely presented in literature, little known about factors public hospitals Poland. This study relevant because many Polish struggle with serious debt problems. The aims to systematise regulatory and legal provision restrictions activities healthcare institutions, particularly Poland, assess impact these on their further functioning. An analysis...