Budgeting for fiscal space [electronic resource] /
Allen Schick
- Paris : OECD Publishing, 2009.
- 18 p. ; 19 x 27cm.
Fiscal space refers to the financial resources available to a government for policy initiatives through the budget and related decisions. This article reviews the factors that contribute to the shrinkage of fiscal space, considers methods for protecting or enlarging it, and reflects on how budgeting may be recast into a process for explicitly allocating scarce fiscal space.