In recent years, the US government has been unable to satisfy even the most basic conditions of a budgeting process. In the 40 years since the last comprehensive federal budget reform, many countries have enacted innovative solutions. The authors analyse the lessons that international experiences have for the USA. They conclude that introducing partial accrual budgeting, producing a citizen’s budget, and eliminating fiscal rules could improve the realization of long-term costs, increase accountability, and limit the use of fiscal sustainability as a bargaining tool.
School Authors: Juan Pablo Martínez Guzmán