Fiscal rules and fiscal councils in the Western Balkans

Client/Funding Institution

The World Bank

Abstract

In this project, wiiw acted as a consultant in the framework of a larger World Bank programme aimed at assisting the Western Balkan countries (WB6) in enhancing their fiscal responsibility frameworks. The institute hereby: - developed a comprehensive dataset on fiscal rules, councils and medium-term budgetary frameworks; - created a scorecard of the rules, councils and frameworks along the lines of the European Commission; - assessed the effects thereof on fiscal, economic and social outcomes; - supported the World Bank in launching and running a network on fiscal rules and fiscal councils for the WB6.

Duration

August 2023 - October 2024

wiiw team Leader

Branimir Jovanović

wiiw Staff

Corinna Covi

Publications

Countries covered: Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia, Serbia

Research Areas: Macroeconomic Analysis and Policy

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