Why Lash Yourself to the Mast? The Case of the Danish “Budget Law”
Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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Why Lash Yourself to the Mast? The Case of the Danish “Budget Law”. / Lobe Suenson, Emil; Nedergaard, Peter; Christiansen, Peter Munk.
I: Public Budgeting and Finance, Bind 36, Nr. 1, 3, 01.03.2016, s. 3-21.Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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TY - JOUR
T1 - Why Lash Yourself to the Mast?
T2 - The Case of the Danish “Budget Law”
AU - Lobe Suenson, Emil
AU - Nedergaard, Peter
AU - Christiansen, Peter Munk
PY - 2016/3/1
Y1 - 2016/3/1
N2 - The article examines the adoption of the Danish 2012 “Budget Law.” The law added spending ceilings, economic sanctions and mandatory balanced budgets. The law was passed to address the lack of cost control in Danish municipalities and asymmetrical preferences concerning public expenditures and can be interpreted as a credible commitment initiative established to ensure public expenditure control independently of the business cycle. Due to the economic crisis, Danish voters preferred lower public expenditures in 2011 than in 2007. This shift in voter preferences made it easier for the Danish Parliament to pass the Budget Law.
AB - The article examines the adoption of the Danish 2012 “Budget Law.” The law added spending ceilings, economic sanctions and mandatory balanced budgets. The law was passed to address the lack of cost control in Danish municipalities and asymmetrical preferences concerning public expenditures and can be interpreted as a credible commitment initiative established to ensure public expenditure control independently of the business cycle. Due to the economic crisis, Danish voters preferred lower public expenditures in 2011 than in 2007. This shift in voter preferences made it easier for the Danish Parliament to pass the Budget Law.
KW - Faculty of Social Sciences
KW - BUDGET -- Law & legislation
KW - PUBLIC finance
KW - GOVERNMENT spending policy
KW - MUNICIPAL finance
KW - COST overruns
U2 - 10.1111/pbaf.12077
DO - 10.1111/pbaf.12077
M3 - Journal article
VL - 36
SP - 3
EP - 21
JO - Public Budgeting and Finance
JF - Public Budgeting and Finance
SN - 0275-1100
IS - 1
M1 - 3
ER -
ID: 145834067