France, too, has competitiveness problems, and is unable to meet its commitments under the European Union s Fiscal Compact.

Across the Atlantic, America s fiscal crisis and weak economic growth will force it to reduce its global military commitments.

For fiscal 1994, the number of projects is expected to reach some 40, totalling 5 billion in new commitments.

The fundamental problem for Greece is its bloated fiscal commitments, enabled by lower borrowing costs when it joined the euro.

IDA commitments to LDCs since fiscal year (FY) 1985 have been maintained at an average of 2 billion a year, representing around 40 per cent of IDA commitments to all borrowers.

Adjustment lending accounted for 28 per cent of IBRD IDA commitments in fiscal 1991 and 27 per cent in fiscal 1992. World Bank, Annual Report 1992 (Washington, D.C., 1992), pp. 19 20.

This raises the old question about whether a currency union can work without a fiscal union, or at least stronger and more binding fiscal rules (the Maastricht deficit commitments are too easily breached).

When IDA reflows, estimated at 4 billion, were taken into account, concessional commitments could reach 22 billion during fiscal years 1994 1996.

According to the preliminary data for fiscal year 1994, the overall level of the Bank apos s commitments to the countries of the region has increased.

10. Underlines with concern the fact that key commitments remain outstanding in the areas of fiscal, judicial, military, electoral and land reform, as well as decentralization and rural development, and therefore urges that those commitments be implemented without further delay

Fiscal Follies

What's fiscal ?

Meanwhile, the state lurches from fiscal tragedy to fiscal farce.

Commitments

11. Underlines with concern the fact that a number of key commitments remain outstanding in the areas of fiscal, judicial, military, electoral and land reform, as well as rural development and indigenous rights, and therefore urges that those commitments be implemented without further delay

Fiscal consolidation was not, however, the result of formal fiscal rules.

These commitments are closely related to commitments on financing.

These commitments are closely related to commitments on financing.

Europe s Fiscal Wormhole

America s Fiscal Isolationism

Fiscal Closing Time?

Fiscal Child Abuse

Germany s Fiscal Follies

India s Fiscal Follies

Shorting Fiscal Consolidation

Alternative Fiscal Medicine?

Country _ Fiscal year _

Country _ Fiscal year _

Fiscal stimulus is turning into fiscal austerity and a drag on growth.

fiscal year 2000 2001 to the fiscal year 2002 2003 (table 5).

8. 22 29 April 1994 Fiscal Affairs Revenue enhancement and fiscal management

International Commitments

Financial commitments

International commitments

(s) Commitments

(g) Commitments

(k) Commitments

International Commitments.

International Commitments.

Funding commitments

(b) Commitments

4. Commitments

Governments may sign treaties and make solemn commitments to subordinate their fiscal policy to EU rules (or to be more precise, to the wishes of Germany and the European Central Bank).

Commitments could range from substantial liberalization to commitments binding existing regimes.

America s Exceptional Fiscal Conservatism