In Chile a fiscal law obliges the government to run budget surpluses whenever the economy is at full employment and the copper price is above its long-run equilibrium, as estimated by an independent panel.
Instead, the government's main hope of containing spending pressures lies with a Fiscal Responsibility Law approved by Congress last month.
ECONOMIST: Progress and pitfalls in Brazil��s public finances
For a start, it was the prime minister, Ryutaro Hashimoto, who was responsible for pushing through the fiscal reform law which makes it difficult to fund tax cuts.
Yet it may take a less improvised tax system, as well as proof that the Fiscal Responsibility Law really does bite, to persuade investors that Brazil has finally given up its profligate old ways.
ECONOMIST: Progress and pitfalls in Brazil��s public finances
The Fiscal Responsibility Law needs complementing with further reforms, for example, one to give more power and independence to the audit tribunals that are supposed to check the books at all levels of government.
ECONOMIST: Progress and pitfalls in Brazil��s public finances
The proposed fiscal-responsibility law should restrain municipal (and state) governments.
In return, all Hungary has to do is pass a law on fiscal responsibility that is already before parliament.
His policies sound sensible: the restoration of the rule of law, fiscal prudence, good relations with donors, orderly land reform, and so on.
Now they are worried once more as the Pentagon prepares to implement a new deficit-control law in fiscal 2012, which begins on October 1 for the government.
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Kennedy, 52, a fiscal moderate with a law degree from the University of Virginia and an advanced degree from Oxford, served as state Secretary of the Treasury and was special counsel to former Gov. Buddy Roemer.
The 2001 Nuclear Posture Review (NPR) was mandated by Congress in the National Defense Authorization Act for Fiscal Year 2001 (Public Law 106-398).
The constitutional court asked Mr Gauck to delay signing the ESM and fiscal-compact bills into law so that it can consider several constitutional challenges to them.
Despite his own sympathy for the left, Brazil's leader has calmed business with his respect for the rule of law, his fiscal discipline and his success in combating inflation (halved to 6% in three years).
His skepticism is shared by the CBO and Medicare actuary, which every year have felt compelled to offer an alternative fiscal scenario that reflects current policy knowing that this provides a far more accurate depiction of our long-run fiscal future than the current law baseline.
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On February 5, 2012, in order to take additional steps pursuant to this emergency, and to implement section 1245(c) of the National Defense Authorization Act for Fiscal Year 2012 (Public Law 112-81), I issued Executive Order 13599 blocking the property of the Government of Iran, all Iranian financial institutions, and persons determined to be owned or controlled by, or acting for or on behalf of, such parties.
Although the ECB is prohibited by law from providing direct fiscal aid to member governments, it may buy debt in the market to ensure the proper conduct of monetary policy.
He withdrew his threat this week after provincial governors from his Peronist party once again promised to support the repeal of the law, and the fiscal and monetary measures requested by the Fund.
The 2013 American Tax Relief Act (aka ATRA or the fiscal cliff deal) is a big complicated law.
Some pundits will dismiss the budget request because it fails to comply with the deficit law, but that law may not survive the current fiscal year in its present form.
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But it needs freer trade, fiscal responsibility and greater respect for the rule of law.
Germany and France are pushing for changes to the EU treaty, saying stricter fiscal rules should be made part of basic EU law.
Under current law, America is set for a fiscal squeeze worth roughly 5% of GDP as the Bush tax cuts and a host of more recent temporary tax reductions expire at the end of this year, and deep cuts to defence and other types of federal spending kick in.
He inserted an amendment into the Fiscal Year 2012 National Defense Authorization Act, which became law, to that effect.
Under state law, such a receiver can implement a fiscal-recovery plan when a city needs one but fails to produce it.
By law the city's five-year fiscal plan must be balanced annually.
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But last week, the Senate blocked a law that I had supported to create a bipartisan fiscal commission that would come up with a set of recommendations for cutting our deficits in the long term.
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Washington (CNN) -- With just three days left in the fiscal year and only two out of 13 spending bills signed into law, the U.S. Senate is sending the president legislation to keep the federal government running through October 6.
Certainly, as the signatories pointedly reminded President Clinton on 19 September, thanks to Section 232 of the Fiscal Year 1995 National Defense Authorization Act, U.S. law now demands that "any agreement that substantively modifies the ABM Treaty" be submitted to the Senate for its formal advice and consent.
If the U.S. research tax credit is reinstated into tax law, we estimate our annual effective tax rate for the fiscal year 2013 to be approximately 16 percent.
Since there has been a lot of talk about the fiscal cliff, the US corporate tax rate of 35% and tax law changes I thought it would interesting to see what rates large tech companies pay.
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