The macro impact of the Portuguese Constitutional  Court decisions regarding the budgetary proposals of the Portuguese Budget Law (2012, 2013, 2014)

Bibliographic Details
Main Author: Afonso, António
Publication Date: 2015
Other Authors: Caiado, Jorge, St. Aubyn, Miguel
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.
id RCAP_dc2bdb0ea89d4c27a43fe2a0441b38cf
oai_identifier_str oai:repositorio.ulisboa.pt:10400.5/8293
network_acronym_str RCAP
network_name_str Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
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
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)
title The macro impact of the Portuguese Constitutional  Court decisions regarding the budgetary proposals of the Portuguese Budget Law (2012, 2013, 2014)
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
title_short 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_sort The macro impact of the Portuguese Constitutional  Court decisions regarding the budgetary proposals of the Portuguese Budget Law (2012, 2013, 2014)
author Afonso, António
author_facet Afonso, António
Caiado, Jorge
St. Aubyn, Miguel
author_role author
author2 Caiado, Jorge
St. Aubyn, Miguel
author2_role author
author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Afonso, António
Caiado, Jorge
St. Aubyn, Miguel
dc.subject.por.fl_str_mv Budget Balance
Fiscal Consolidation
Debt-to-GDP Ratio
Portugal
topic Budget Balance
Fiscal Consolidation
Debt-to-GDP Ratio
Portugal
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.
publishDate 2015
dc.date.none.fl_str_mv 2015-03-24T11:40:00Z
2015
2015-01-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/8293
url http://hdl.handle.net/10400.5/8293
dc.language.iso.fl_str_mv eng
language eng
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
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv ISEG – Departamento de Economia
publisher.none.fl_str_mv ISEG – Departamento de Economia
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
instname_str FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron_str RCAAP
institution RCAAP
reponame_str Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
collection Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
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.mail.fl_str_mv info@rcaap.pt
_version_ 1833601984836403200

Similar Items