000			01460pab a2200181 454500
008			180718b2013 xxu||||| |||| 00| 0 eng d
100			_aRaudla, Ringa
245			_aFiscal stress management during the financial and economic crisis: the case of the Baltic Countries
260			_c2013
300			_ap.732-742.
520			_aThe 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.
650			_aEconomic recession
650			_aFiscal policy
700			_aKattel, Rainer
773			_aInternational Journal of Public Administration
908			_aN
909			_a103449
999			_c103445 _d103445