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Full-Text Articles in Social and Behavioral Sciences
Increasing Taxes Or Spending Cuts: What Is More Effective For Fiscal Consolidation?, Daniel Lacalle
Increasing Taxes Or Spending Cuts: What Is More Effective For Fiscal Consolidation?, Daniel Lacalle
Journal of New Finance
Since World War II, raising public spending has been one of the main policies to address recessions. A wealth of literature about austerity and fiscal consolidation has been published to analyze the different fiscal stabilization plans executed by several countries worldwide. This paper aims to demonstrate that fiscal plans based on spending cuts are more effective in achieving public finance equilibrium and boosting growth and employment. We focus the analysis on four examples: Germany, Ireland, Spain, and Chile, and reach three conclusions. First, countries where excessive deficit has been avoided register stronger economic stability and sustainability than countries with fiscal …
Financing Public Deficits In Nigeria: Groping In The Dark For Taxation, Umar Elems Mahmud Ph.D
Financing Public Deficits In Nigeria: Groping In The Dark For Taxation, Umar Elems Mahmud Ph.D
Bullion
The objective of this study is to conduct an expository examination of the inhibitions of voluntary tax compliance and to explore prospects of leapfrogging tax contribution from its posterior position, given the lacunae in precious studies. In the descriptive research design, underpinned by the range of structural-functionalist and expectancy theories, salient among the findings of the study is the diminished contribution of taxation to Nigeria's GDP and total revenue due to weak institutional framework and “faded” enthusiasm of taxpayers. In the circumstance of the situation, and until drastic reforms are successfully executed, Nigeria may be groping in the dark, in …