Fiscal Rules as the Key Response to the Fiscal Crisis

Kao ključni odgovor na financijske krize te eksploziju deficita i dugova vlada porasla je važnost primjene te raširenost fiskalnih pravila u svijetu kako bi se ograničile zemlje u tekućim fiskalnim politikama, smanjili deficiti i dugovi te poboljšale njihove fiskalne pozicije i fiskalna disciplina. No pravila djeluju na raskrižju politike i ekonomije, i taj je odnos bilateralan. Učinkovitost i fiskalna ograničenja ovise o spremnosti političara da ih se pridržavaju, a ustrajnost na stazi financijske konsolidacije može pridonijeti odgovornijim, transparentnijim i održivijim javnim financijama te sprečavanju budućih fiskalnih kriza. Sve to odnosi se i na Hrvatsku, za koju je važno da prati promjene i primjenu fiskalnih pravila u Europskoj Uniji.As key response to financial crises and to the explosion of government deficits and debts, the importance of application and prevalence of fiscal rules throughout the world has been heightened in order to constrain the countries in their current fiscal policies, reduce deficits and debts and improve their fiscal positions and fiscal discipline. However, the rules are employed at the juncture of politics and economics, and this relationship is bilateral. The efficiency and fiscal restrictions depend on political willingness to adhere to these rules, while insisting on the strength of fiscal consolidation may contribute to more responsible, transparent and sustainable public finances, and to the prevention of future fiscal crises. This refers to Croatia as well, for which it is important to follow the changes and application of fiscal rules in the EU