01460pab a2200181 454500 180718b2013 xxu||||| |||| 00| 0 eng d Raudla, Ringa Fiscal stress management during the financial and economic crisis: the case of the Baltic Countries 2013 p.732-742. The Baltic countries-Estonia, Latvia, and Lithuania-were severely hit by the global financial and economic crisis in 2008-2011. In response to the crisis, all three states chose to undertake extensive fiscal consolidations. This article examines the strategies adopted by the Baltic governments for managing fiscal stress and consolidating their budgets in the light of the existing literature on cutback budgeting. In all three countries, the governments combined expenditure and revenue measures, with a larger share of adjustment taking place on the expenditure side. Among expenditure measures, a mix of across-the-board and targeted cuts was adopted, though the importance of targeted cuts increased over time. The case studies also indicate that although the theoretical propositions of the cutback budgeting literature point to the correct directions overall, further refinement is needed in several theoretical issues. - Reproduced. Economic recession Fiscal policy Kattel, Rainer International Journal of Public Administration N 103449 103445 103445 0 0 0 0 IIPA IIPA 2018-07-19 Volume no: 36, Issue no: 10 AR103909 2018-07-19 2018-07-19 AR