Constitutional Law and the EU Balanced Budget Principle

Elena-Simina Tănăsescu, Eric Oliva

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English

Routledge
29 January 2024

Political economy; Public finance accounting; Law & society; Constitutional & administrative law

Series: Routledge Research in EU Law

Exploring the balanced budget rule as an economic standard and as a legal principle, this book explains the context and content of the balanced budget rule and presents a critical appraisal of its impact on legal systems, political institutions and social values, and particularly an evaluation of its constitutionalization in the European and national legal systems.

Examining a range of perspectives on the balanced budget rule as a legal principle, a series of chapters investigate the feasibility and effectiveness of the balanced budget rule. The book considers the impact this may have on the separation of powers within the state, on democratic decision-making, on the European social model and on the protection of fundamental social rights within the European Union. It suggests that this impact goes beyond the ethical issue of the public debt considered as a burden placed on future generations, and beyond injunctions imposed by international financial institutions on national public finances. The transfiguration of fiscal discipline from an economic requirement into a legal rule demanding a balanced budget embodies a challenge to the political nature of the budgetary process while creating the flexibility needed in order to further fiscal federalism within the European Union.

This book argues that the balanced budget rule is nothing more than it has always been: an instrument for devising public policies in a rational manner, a tool for conceiving qualitative choices regarding the well-being of citizens.

Edited by: Elena-Simina Tănăsescu, Eric Oliva
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions: Height: 234mm, Width: 156mm,
Weight: 403g
ISBN: 9781032119588
ISBN 10: 1032119586
Series: Routledge Research in EU Law
Pages: 266
Publication Date: 29 January 2024
Audience: College/higher education , General/trade , Primary , ELT Advanced
Format: Paperback
Publisher's Status: Active

Elena-Simina Tănăsescu is Professor of Law at the University of Bucharest, Romania. Eric Oliva is Professor of Public Finance at Aix-Marseille Université, France.