{"id":114426,"date":"2024-01-22T18:54:25","date_gmt":"2024-01-22T17:54:25","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/114426\/"},"modified":"2026-02-17T16:37:18","modified_gmt":"2026-02-17T15:37:18","slug":"an-international-comparison-of-success-factors-for-budget-consolidation-strategies","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/114426\/","title":{"rendered":"An International Comparison of Success Factors for Budget Consolidation Strategies"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-114426","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"In numerous countries the global financial and economic crisis has entailed a surge of government debt, which will call for enhanced consolidation efforts in the future. In the past consolidation strategies focusing primarily on spending cuts proved sustainable, whereas mostly revenue-based strategies were less successful. A suitable institutional framework, e.g., budgetary expenditure ceilings, also contributes to a lasting fiscal consolidation. The short-term growth effects of budget balancing efforts are more disputed. Besides contractionary (\"Keynesian\") effects empirical studies also find expanisionary (\"non-Keynesian\") effects of ambitious consolidation programmes under certain conditions.","onlinedate":"2010-07-20 02:00:00","lang":"English","publication_series":"","publication_date":"20100701","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"Budget Consolidation\",\"Literature\",\"Success Factors\"]","jelcodes":"[]","related_publications":"[]","pdf":441493,"zip":null,"link":"https:\/\/www.wifo.ac.at\/wwa\/pubid\/40180","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"15","monthly_report_pages":"198-210","monthly_report_pages_sort":"198","issue":"2","journal":"Austrian Economic Quarterly","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[183747],"research_groups":[3500],"collaboration":"","persons":[3792,4831,3893],"persons_data":"[{\"personId\":3792,\"personName\":\"Hans Pitlik\",\"organisationNames\":[]},{\"personId\":4831,\"personName\":\"Norbert Gruber\",\"organisationNames\":[]},{\"personId\":3893,\"personName\":\"Ewald Walterskirchen\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - 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