Deficit control and fiscal austerity in the EU: time to consider the local impact

Guarini, Enrico; Pattaro, Anna Francesca

doi:10.1504/ijpspm.2016.079717

Cited by 10 publications

(5 citation statements)

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“…An important constraint that arose since 2008 was a new fiscal rule requiring each local government to achieve a centrally‐set target of cash surplus at the end of the fiscal year. This rule caused an awkward delaying of payments to public works contractors and a reduction of 50% in capital projects at the local level over the last five years (Guarini and Pattaro, ). While the fiscal rules deriving from the European Stability and Growth Pact remain unchanged over the years, the domestic fiscal targets are amended annually with operating arrangements going back and forth.…”

Section: Italy's Debt Crisis and Its Effects On Municipalitiesmentioning

confidence: 99%

Italian Municipalities and the Fiscal Crisis: Four Strategies for Muddling Through

Barbera¹,

Guarini²,

Steccolini

2016

Financ Acc Manag

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Through a multiple case study of eight Italian municipalities, our paper identifies the main shocks perceived by the local management as a consequence of the recent fiscal crisis and the related organizational responses. The analysis roots current responses in longer-term municipal financial management and strategies. Even in a context where the shocks are described and identified as being much the same, there is not a single pattern of response, but (at least) four different ways of reacting to shocks can be identified: reorientation, buffering, continuous adjustment, avoiding problems and catching opportunities.

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Section: Italy's Debt Crisis and Its Effects On Municipalitiesmentioning

confidence: 99%

Italian Municipalities and the Fiscal Crisis: Four Strategies for Muddling Through

Barbera¹,

Guarini²,

Steccolini

2016

Financ Acc Manag

Self Cite

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“…Modernizing public sector accounting rests on several pillars, the financial and fiscal reporting being two of the most important ones, with implications for the efficient use of public resources (Guarini and Pattaro, 2016). At European Union level, the access to accurate and reliable information useful for the decision-making process in public finances management (Chan et al, 2006) is a testament of public accountability, enhancing performance (Caba Perez and Lopez-Hernandez, 2009).…”

Section: Smart Objectives and Goals Through Accrual Informationmentioning

confidence: 99%

The Link Between Public Management and Accounting from the Point of View of Performance

Nistor

Ştefănescu

2021

CBR

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This study focuses on the connection between management and accounting, with accrual information as a link. Accounting information, structured on an accrual basis, manages to provide a true image of the patrimony, substantiated and transparent decisions, as a reference basis for efficient management. From of the point of view of the vast changes in the public accounting system (EPSAS), communication between accounting and tax reporting creates a unison in the presentation of financial/non-financial information, a key element in public management. The empirical research conducted by combining the cluster analysis with the MDS technique enables us to map all EU Member States and emphasize potential connections between EU accounting systems from an accrual approach perspective, as a pillar for a performing management.The research results reveal a widespread and strong interest in sound reporting that is able to improve transparency throughout a performing management system. These results support the EPSAS project aimed to adjust inaccuracies between accounting (IPSAS) and tax reporting (ESA 2010), and ultimately to enhance good governance and create a positive environment by facilitating transparency and comparability.

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“…Raudla et al (2020) indicated the need to evaluate fiscal interactions between national and sub-national governments. In this case, while central governments try to reduce uncertainty in deficit control through fiscal rules, local governments adopt strategies and actions to minimize restrictions imposed and increase their financial autonomy (Guarini & Pattaro, 2016). Investigations into multilevel fiscal governance can thus analyze how central government austerity policies affect intergovernmental financial relations, including vertical integration, inter-organizational alliances, and policy responses to these relations (Guarini & Pattaro, 2016).…”

Section: Emerging Directions For Future Researchmentioning

confidence: 99%

“…In this case, while central governments try to reduce uncertainty in deficit control through fiscal rules, local governments adopt strategies and actions to minimize restrictions imposed and increase their financial autonomy (Guarini & Pattaro, 2016). Investigations into multilevel fiscal governance can thus analyze how central government austerity policies affect intergovernmental financial relations, including vertical integration, inter-organizational alliances, and policy responses to these relations (Guarini & Pattaro, 2016). This is relevant to measure the impact of strategies and actions adopted by local governments on the fiscal sustainability of central governments.…”

Section: Emerging Directions For Future Researchmentioning

confidence: 99%

Factors in the choice of fiscal governance: A systematic literature review and future research agenda

Damasceno

Gomes

2021

Financ Acc Manag

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The fiscal governance framework includes the rules and regulations that discipline the preparation, approval, and implementation of public budgets. It results from the power struggle of the actors that participate in the process of allocating public resources. Despite relevant studies published on the subject, this study aimed to provide background information on determinant factors in the choice and effects of fiscal governance framework adopted by governments in the scholarly conversation. For this, the systematic literature review method was adopted with the development of five steps: selecting a review topic, searching the literature, gathering, reading, and analyzing the scientific papers published in the last 10 years on the subject. Results show that fiscal crises and pressures and rewards of external bodies were the preponderant factors for reforms in the framework of fiscal governance adopted by governments. In another view, impacts of this framework on national public finances were investigated primarily by analysis of numerical fiscal rules.The research gaps identified indicate directions for future research.

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Deficit control and fiscal austerity in the EU: time to consider the local impact

Cited by 10 publications

References 0 publications

Italian Municipalities and the Fiscal Crisis: Four Strategies for Muddling Through

Italian Municipalities and the Fiscal Crisis: Four Strategies for Muddling Through

The Link Between Public Management and Accounting from the Point of View of Performance

Factors in the choice of fiscal governance: A systematic literature review and future research agenda

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