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The importance of a medium-term budgetary framework in enhancing the sustainability of public finances
[journal article]
Abstract Globalization has changed traditional systems to scientific systems rapidly. This reform took place every organizational process. Fiscal reforms are the major reforms in the organization. The objectives of fiscal reform is to enhance the quality of fiscal governance and public finance. The fiscal re... view more
Globalization has changed traditional systems to scientific systems rapidly. This reform took place every organizational process. Fiscal reforms are the major reforms in the organization. The objectives of fiscal reform is to enhance the quality of fiscal governance and public finance. The fiscal reform also consolidate superior budgetary resources through better disciplinary fiscal policies. These disciplined fiscal policies can be followed by the organizational and legislative measurements. It will leads to the introduction and establishment of new and independent fiscal rules. Now fiscal strategies moving towards the multi-annual budget system. The implementation of multi-annual budget system introduced the medium term budgetary system. The basic aim of this study is to introducing the importance of implementation of medium term budget system and the role of this budget system in public organizations. Fiscal management policies and tools plays important role in the sustainability of public finance in nations.... view less
Keywords
public budget; fiscal policy; tax reform; fiscal authorities; sustainability
Classification
Public Finance
Document language
English
Publication Year
2015
Page/Pages
p. 86-93
Journal
International Letters of Social and Humanistic Sciences (2015) 53
ISSN
2300-2697
Status
Published Version; peer reviewed