Budget Stabilization Fund

Literature Review on Budget Stabilization Fund

In the Encyclopedia of Public Administration and Public Policy, [1] Yilin Hou and Wen Wang provide the following summary about the topic of Budget Stabilization Fund: The budget stabilization fund (BSF), popularly called the “rainy-day fund,” is a fiscal device used by subnational governments to store extra revenue during economic booms for use in economic downturns to supplement inadequate resources for meeting outlay demands. Since the early 1980s, this countercyclical device has attracted increasingly more academic attention.

Resources

Notes and References

1. Entry about Budget Stabilization Fund in the Encyclopedia of Public Administration and Public Policy (2015, Routledge, Oxford, United Kingdom)

See Also

Further Reading

• Global Encyclopedia of Public Administration, Public Policy, and Governance (2018, Springer International Publishing, Germany)