The golden rule of public investment: protecting fiscal leeway and public infrastructure in the EU
"The fiscal constraints imposed by the new European economic governance have had a detrimental effect on public investments in the member states in recent years. This policy brief proposes to implement the 'Golden Rule of Public Investment' , a rule which states that net public inv...
| Main Authors: | , |
|---|---|
| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
Brussels
2015
ETUI |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-19109828124919270009-The-golden-rule-of-public-inve.htm |
| Summary: | "The fiscal constraints imposed by the new European economic governance have had a detrimental effect on public investments in the member states in recent years.
This policy brief proposes to implement the 'Golden Rule of Public Investment' , a rule which states that net public investments - increases of the public and/or social capital stock providing future benefits, should be financed by debt, on other words, excluded from balanced-budget rules. The authors make the case for the introduction of such a rule at European and member state level and answer some of the arguments used against the application of such a rule." |
|---|---|
| Physical Description: | 5 p. Digital |