{"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":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Pitlik, H.<\\\/span><span>, Gruber, N.<\\\/span><span>, &amp; Walterskirchen, E.<\\\/span> (2010). <span>An International Comparison of Success Factors for Budget Consolidation Strategies<\\\/span>. <span><em>Austrian Economic Quarterly<\\\/em><\\\/span>, <em>15<\\\/em>(2), 198-210. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/40180\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/40180<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Pitlik H<\\\/span><span>, Gruber N<\\\/span><span>, Walterskirchen E<\\\/span>. <span class=\\\"title\\\"><span>An International Comparison of Success Factors for Budget Consolidation Strategies<\\\/span><\\\/span>. <span>Austrian Economic Quarterly<\\\/span>. 2010 Jul;15(2):198-210.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{55ea4ef589e4454b84d8cc4dc6857621,<\\\/div><div>  title    = \\\"An International Comparison of Success Factors for Budget Consolidation Strategies\\\",<\\\/div><div>  abstract = \\\"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.\\\",<\\\/div><div>  keywords = \\\"Budget Consolidation, Literature, Success Factors, Budget Consolidation, Literature, Success Factors\\\",<\\\/div><div>  author   = \\\"Hans Pitlik and Norbert Gruber and Ewald Walterskirchen\\\",<\\\/div><div>  note     = \\\"Budget Consolidation: Success Factors\\\",<\\\/div><div>  year     = \\\"2010\\\",<\\\/div><div>  month    = jul,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  volume   = \\\"15\\\",<\\\/div><div>  pages    = \\\"198--210\\\",<\\\/div><div>  journal  = \\\"Austrian Economic Quarterly\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - An International Comparison of Success Factors for Budget Consolidation Strategies<\\\/p><p>AU  - Pitlik, Hans<\\\/p><p>AU  - Gruber, Norbert<\\\/p><p>AU  - Walterskirchen, Ewald<\\\/p><p>N1  - Budget Consolidation: Success Factors<\\\/p><p>PY  - 2010\\\/7<\\\/p><p>Y1  - 2010\\\/7<\\\/p><p>N2  - 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.<\\\/p><p>AB  - 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. 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