25 Aug 2016
‘Fiscal Policy: Moving towards Predictability’: CASE discussion panel at the Economic Forum in Krynica (6-9 September)
CASE will host a discussion panel dedicated to issues of fiscal policy planning at the 26th Economic Forum in Krynica.
The purpose of the panel is to foster discussion about the advantages of predictability in policy making, in particular in fiscal policy. The panelists will speak both on revenue and expenditure planning, placing the debate on fiscal predictability in a global and regional context.
The invited experts will touch upon the issue of predictability in the planning of consumption taxes, focusing on international comparisons and delving into the specific cases of Poland and Romania. The impact of changes in the tax code and marginal rates on business, tax compliance, and budget revenues in a historical and cross-country perspective will serve to provoke a discussion on solutions for improving stability of this major contributor to tax revenue.
The impediments in conducting predictable and prudent expenditure policy will be approached from both a policymaker and academic perspective. Reference will be made to institutions, including fiscal rules, medium term budgetary frameworks, and fiscal councils, and the experts will discuss their optimal design and how to ensure sound and predictable public finance. In addition, the experts will also discuss the problems related to the independence of institutions and regulatory competition, both of which can be an obstacle to fiscal policy predictability.
The discussion ‘Fiscal Policy: Moving towards Predictability’ will be moderated by Grzegorz Poniatowski, Director of Fiscal Policy Studies, CASE – Center for Social and Economic Research. The following speakers will join the panel: Gabriel Biris, Secretary of State, Ministry of Finance, Romania; Michael Smart, Professor, University of Toronto, Canada; Manouchehr Mokhtari, Associate Professor, University of Maryland, USA; Jarosław Neneman, Professor, Lazarski University, Poland and Ivailo Izvorski, Practice Manager in the Macroeconomics and Fiscal Management Global Practice of the World Bank.
Read an article by Grzegorz Poniatowski about much-needed changes in the approach to fiscal policy here.
