Kiel Working Papers, Kiel Institute for World Economics
No 1173:
Ist die Finanzpolitik der Bundesländer nachhaltig?
Astrid Rosenschon
Abstract: The paper deals with the issue in how far the fiscal
policy of the German Laender can be considered as sustainable. Comparing
the fiscal policy stance and budgets of the 16 German states, only Bavaria
and Saxony are pursuing a fiscal policy which may be labelled as
sustainable. The other states did not succeed in their attempt to
stabilize, least of all to reduce, their public debt relative to their GDP.
The greatest deviation from a sustainable budget is reported for Berlin
with a "non-sustainability gap" of 6.38 per cent of GDP, followed by
Saxony-Anhalt (1.77 per cent of GDP) holding the largest debt ratio among
German non-city states. Bremen and Saarland are exceptional cases; both did
not have a "non-sustainability gap" in 2001 but, at the same time, receive
federal funds since 1994 which are earmarked to redeem former excessive
debts.
Keywords: Finanzpolitik, öffentliche Finanzen; (follow links to similar papers)
JEL-Codes: H71,; H72; (follow links to similar papers)
30 pages, June 2003
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