The macro impact of the Portuguese Constitutional Court decisions regarding the budgetary proposals of the Portuguese Budget Law (2012, 2013, 2014)
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| Main Author: | |
|---|---|
| Publication Date: | 2015 |
| Other Authors: | , |
| Format: | Article |
| Language: | eng |
| Source: | Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) |
| Download full: | http://hdl.handle.net/10400.5/8293 |
Summary: | We review the main budgetary measures not accepted by the Portuguese Constitutional Court in the Budget Laws of 2012, 2013 and 2014. Considering the feedback effect of the fiscal impulse, the impact on the budget balance is -0.42% and of -0.34% of GDP respectively for 2013 and for 2014; in both years the impact of the fiscal expansion could result in rather mitigated reductions in the unemployment rate in the range of 0.1 percent; the impact on the government debt level is around 0.42% of GDP in 2013, declining from then on, in a conservative estimate, and about 2.95% of GDP in 2020 in the worst case scenario. |
| _version_ | 1833601984836403200 |
|---|---|
| author | Afonso, António |
| author2 | Caiado, Jorge St. Aubyn, Miguel |
| author2_role | author author |
| author_facet | Afonso, António Caiado, Jorge St. Aubyn, Miguel |
| author_role | author |
| collection | Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) |
| dc.contributor.author.fl_str_mv | Afonso, António Caiado, Jorge St. Aubyn, Miguel |
| dc.contributor.none.fl_str_mv | Repositório da Universidade de Lisboa |
| dc.date.none.fl_str_mv | 2015-03-24T11:40:00Z 2015 2015-01-01T00:00:00Z |
| dc.format.none.fl_str_mv | application/pdf |
| dc.identifier.uri.fl_str_mv | http://hdl.handle.net/10400.5/8293 |
| dc.language.iso.fl_str_mv | eng |
| dc.publisher.none.fl_str_mv | ISEG – Departamento de Economia |
| dc.relation.none.fl_str_mv | Afonso, António, Jorge Caiado e Miguel St. Aubyn .2015. "The macro impact of the Portuguese Constitutional Court decisions regarding the budgetary proposals of the Portuguese Budget Law (2012, 2013, 2014)". Instituto Superior de Economia e Gestão. DE Working papers nº 6-2015/DE/UECE/CEMAPRE 2183-1815 |
| dc.rights.driver.fl_str_mv | info:eu-repo/semantics/openAccess |
| dc.source.none.fl_str_mv | reponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia instacron:RCAAP |
| dc.subject.por.fl_str_mv | Budget Balance Fiscal Consolidation Debt-to-GDP Ratio Portugal |
| dc.title.none.fl_str_mv | The macro impact of the Portuguese Constitutional Court decisions regarding the budgetary proposals of the Portuguese Budget Law (2012, 2013, 2014) |
| dc.type.driver.fl_str_mv | info:eu-repo/semantics/article |
| dc.type.status.fl_str_mv | info:eu-repo/semantics/publishedVersion |
| description | We review the main budgetary measures not accepted by the Portuguese Constitutional Court in the Budget Laws of 2012, 2013 and 2014. Considering the feedback effect of the fiscal impulse, the impact on the budget balance is -0.42% and of -0.34% of GDP respectively for 2013 and for 2014; in both years the impact of the fiscal expansion could result in rather mitigated reductions in the unemployment rate in the range of 0.1 percent; the impact on the government debt level is around 0.42% of GDP in 2013, declining from then on, in a conservative estimate, and about 2.95% of GDP in 2020 in the worst case scenario. |
| eu_rights_str_mv | openAccess |
| format | article |
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| instname_str | FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia |
| language | eng |
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| network_name_str | Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) |
| oai_identifier_str | oai:repositorio.ulisboa.pt:10400.5/8293 |
| publishDate | 2015 |
| publisher.none.fl_str_mv | ISEG – Departamento de Economia |
| reponame_str | Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) |
| repository.mail.fl_str_mv | info@rcaap.pt |
| repository.name.fl_str_mv | Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia |
| repository_id_str | https://opendoar.ac.uk/repository/7160 |
| spelling | The macro impact of the Portuguese Constitutional Court decisions regarding the budgetary proposals of the Portuguese Budget Law (2012, 2013, 2014)Budget BalanceFiscal ConsolidationDebt-to-GDP RatioPortugalWe review the main budgetary measures not accepted by the Portuguese Constitutional Court in the Budget Laws of 2012, 2013 and 2014. Considering the feedback effect of the fiscal impulse, the impact on the budget balance is -0.42% and of -0.34% of GDP respectively for 2013 and for 2014; in both years the impact of the fiscal expansion could result in rather mitigated reductions in the unemployment rate in the range of 0.1 percent; the impact on the government debt level is around 0.42% of GDP in 2013, declining from then on, in a conservative estimate, and about 2.95% of GDP in 2020 in the worst case scenario.ISEG – Departamento de EconomiaRepositório da Universidade de LisboaAfonso, AntónioCaiado, JorgeSt. Aubyn, Miguel2015-03-24T11:40:00Z20152015-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/8293engAfonso, António, Jorge Caiado e Miguel St. Aubyn .2015. "The macro impact of the Portuguese Constitutional Court decisions regarding the budgetary proposals of the Portuguese Budget Law (2012, 2013, 2014)". Instituto Superior de Economia e Gestão. DE Working papers nº 6-2015/DE/UECE/CEMAPRE2183-1815info:eu-repo/semantics/openAccessreponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiainstacron:RCAAP2025-03-17T16:24:29Zoai:repositorio.ulisboa.pt:10400.5/8293Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireinfo@rcaap.ptopendoar:https://opendoar.ac.uk/repository/71602025-05-29T04:13:24.277786Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiafalse |
| spellingShingle | The macro impact of the Portuguese Constitutional Court decisions regarding the budgetary proposals of the Portuguese Budget Law (2012, 2013, 2014) Afonso, António Budget Balance Fiscal Consolidation Debt-to-GDP Ratio Portugal |
| status_str | publishedVersion |
| title | The macro impact of the Portuguese Constitutional Court decisions regarding the budgetary proposals of the Portuguese Budget Law (2012, 2013, 2014) |
| title_full | The macro impact of the Portuguese Constitutional Court decisions regarding the budgetary proposals of the Portuguese Budget Law (2012, 2013, 2014) |
| title_fullStr | The macro impact of the Portuguese Constitutional Court decisions regarding the budgetary proposals of the Portuguese Budget Law (2012, 2013, 2014) |
| title_full_unstemmed | The macro impact of the Portuguese Constitutional Court decisions regarding the budgetary proposals of the Portuguese Budget Law (2012, 2013, 2014) |
| title_short | The macro impact of the Portuguese Constitutional Court decisions regarding the budgetary proposals of the Portuguese Budget Law (2012, 2013, 2014) |
| title_sort | The macro impact of the Portuguese Constitutional Court decisions regarding the budgetary proposals of the Portuguese Budget Law (2012, 2013, 2014) |
| topic | Budget Balance Fiscal Consolidation Debt-to-GDP Ratio Portugal |
| url | http://hdl.handle.net/10400.5/8293 |