This book offers an essential guide to Public Finance and National Accounts in the context of the European Union. Since the creation of the Eurozone, fiscal policy has been at the heart of economic (but also political/media) discussions in the EU. From the Stability and Growth Pact (1997) to the more recent Fiscal Treaty, EU and Eurozone, countries have been subject to various fiscal rules. The importance of these rules, and of the subsequent procedures that every Eurozone country has to adhere to, is unquestionable. The book provides the reader with an in-depth understanding of the complex EU rules concerning fiscal policy, breaking down the corresponding legal texts into simple and accessible language. It has a broad interdisciplinary appeal, and scholars and practitioners whose work involves these areas will find it of particular interest.

Offers a comprehensive guide to EU fiscal rules and national accounts Reviews all EU fiscal and surveillance rules in a single book Provides an accessible guide to the EU's fiscal framework

Autorentext

Joaquim Miranda Sarmento is an Assistant Professor of Finance at the ISEG - Lisbon School of Economics & Management, Universidade de Lisboa, Portugal. He graduated from the ISEG with a degree in Management, and completed an MSc in Finance at the ISCTE; in addition, he holds a PhD in Finance from Tilburg University, Netherlands. He was Chief Economic Advisor to the President of the Portuguese Republic (Professor Cavaco Silva) from 2012 to 2016, and has previously worked at UTAO (the Technical Budget Support Unit at Parliament) and served for more than 10 years at the Portuguese Ministry of Finance.

Inhalt
The Stability and Growth Pact and the New "Flexibility" Rules.- Reforming Europe and the Euro Zone.- The Fiscal Compact, the European Semester, and the Two-Pack and Six-Pack.- Macroeconomic Imbalance Procedure.- The National Accounts.- What Changes in the ESA 2010? Excessive Deficit Procedure.- The General Government Sector in the National Accounts.- The Different Fiscal Balances.- The Time of Recording of Operations.- Accounting for the Revenue in the National Accounts.- Accounting of Expenditure in the National Accounts.- Public Debt.- Specific Cases.