Budget Coordination

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August 31, 2024 4 min read Definitions

Fiscal Union: Integration of Fiscal Policies and Budgets

Economics Finance Government Regulations Fiscal Policy Economic Integration Macroeconomics Budget Coordination Financial Stability

A Fiscal Union is an advanced level of economic integration where participating countries coordinate their fiscal policies and share budgets. This concept plays a critical role in macroeconomic stability, risk-sharing, and reducing asymmetric shocks in the integrated region.

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