Fiscal Discipline and Educational Quality

That would impose tough fiscal discipline, indeed.

Fiscal discipline remains essential, as are deep structural reforms.

The Growth and Stability Pact would safeguard fiscal discipline.

That would enable effective enforcement of fiscal discipline at the national level and provide the euro with the fiscal discipline it needs to survive.

Fiscal discipline does not sound as visionary as economic government.

The authorities recognize the need for strict fiscal discipline and financial regulation.

Public opinion will not be sympathetic to fiscal discipline or neoliberal orthodoxy.

Recent World Bank loans are similarly conditioned, in part, on fiscal discipline.

So we seek now to restore fiscal discipline and regain macro economic stability.

Enter the Maastricht Treaty, which in theory imposes fiscal discipline by placing limits on government deficits and debt levels clearly a structure designed to prevent free riding on the fiscal discipline of others.

This result had been achieved through a combination of careful management and fiscal discipline.

But a step in the right direction could be taken by partial fiscal centralization with a limited countercyclical mandate. That would enable effective enforcement of fiscal discipline at the national level and provide the euro with the fiscal discipline it needs to survive.

Given the fiscal legacy of the current crisis, no efforts should be spared in anchoring fiscal discipline firmly in European Union countries.

Fourth, it is difficult to overestimate the importance of fiscal discipline to longer term growth.

The stimulus must come from the EU, because individual countries will be under strict fiscal discipline.

When the eurozone was created, it was widely understood that fiscal discipline was a crucial underpinning.

We have put into practice fiscal discipline, warded off inflation and adopted measures to stimulate economic growth.

Discipline... discipline.

Instead, today s left looks at growth, fiscal discipline and competitiveness with pragmatism, and not as ideological red flags.

The focus of fiscal reform was on fiscal discipline resource rationalization the need to keep expenditure within the limits of revenue tax reform and ways to increase revenue.

Both market discipline and sound fiscal management are needed to create a reasonable chance of long run price stability.

But delaying the debt reckoning for too long would undermine confidence in the US government s capacity for fiscal discipline.

Nevertheless, the Committee trusts that prudence and fiscal discipline will be exercised in administering all items of the budget.

Solomon Islands is committed to addressing past harmful economic policies, including the lack of fiscal discipline and good governance.

In many cases, containment of inflation was part and parcel of reforms aimed at strengthening fiscal and monetary discipline.

With different tools including a profound restructuring of its foreign debt and less discipline, Argentina accomplished a similar fiscal turnaround.

In other countries, experiences are less positive, usually because governments have found it difficult to observe the necessary fiscal discipline.

This would encourage budgetary discipline and fiscal responsibility in the Secretariat by targeting for reduction unnecessary programmes and administrative costs.

This would encourage budgetary discipline and fiscal responsibility in the Secretariat, by targeting for reduction unnecessary programmes and administrative costs

But, although the current European political process will not create strong fiscal discipline, financial markets are likely to force eurozone governments to reduce their sovereign debts and limit their fiscal deficits.

Nevertheless, this enforced fiscal discipline, combined with individual states own internal budgetary procedures, has prevented a large scale state level fiscal crisis from occurring in the US since the Great Depression.

Instead of the International Monetary Fund, it is Germany that is acting as the taskmaster imposing tough fiscal discipline on them.

But fiscal discipline must be accompanied by policies that promote growth, without which balanced budgets and debt reduction cannot be achieved.

In India, for example, increasing productivity and long term growth require fiscal discipline and a raft of financial and labor market reforms.

In the United Kingdom, a hung parliament has resulted in a coalition government that will have a hard time implementing fiscal discipline.

Central banks that buy sovereign debt issued by fiscal authorities offset market imposed discipline on borrowing costs, effectively subsidizing public sector profligacy.

Discipline!

Discipline.

Discipline.

Discipline.

Other aims were enhanced and transparent fiscal discipline and the strengthening of the banking sector to facilitate rapid economic growth and sustainable development.

Should a country violate the fiscal compact, it would wholly or partly forfeit its reward and be obliged to pay interest on the debt owned by the SPV. That would impose tough fiscal discipline, indeed.

Changing that pattern will require a restructured financial system that allocates savings efficiently, based on fiscal and capital market discipline and corporate governance reform.

If the EU wants a monetary union in which sovereign debt is relatively homogenous with respect to risk, fiscal discipline must be similarly homogenous.