Recent developments in public financial management in the european community: a comparative analysis
Journal of Public Budgeting, Accounting & Financial Management
ISSN: 1096-3367
Article publication date: 1 March 1994
Abstract
This article identifies major public financial management developments in the European Community (EC). Despite a certain degree of disparity, the EC member countries have had a number of common developments in public financial management. In general, central governments of most EC member countries were faced with resource constraints, growing spending demands and large budget deficits. Moreover, fiscal changes had to be made in order to reach the single European market goal targeted by 1992. Thus, several fiscal policy and management initiatives were developed including tax reforms, changes in spending programs, improve-ments of government performance, and fiscal harmonization. The results of these initiatives are reflected in the patterns of central government receipts and outlays in the EC member countries.
Citation
Thai, K.V. and Sekwat, A. (1994), "Recent developments in public financial management in the european community: a comparative analysis", Journal of Public Budgeting, Accounting & Financial Management, Vol. 6 No. 2, pp. 310-356. https://doi.org/10.1108/JPBAFM-06-02-1994-B006
Publisher
:Emerald Publishing Limited
Copyright © 1994 by PrAcademics Press