The Excessive Deficit Procedure (EDP) is a mechanism designed to correct member states whose deficits exceed 3% of GDP. It aims to maintain fiscal discipline within the European Union.
A limit to spending by some private or public body, where breaching it has significant consequences such as job loss or firm closure. A concept fundamental in financial management, especially evident in privatization policies.
A comprehensive guide to the set of economic policy instruments known as the Washington Consensus, designed for economic reforms in less developed countries, including historical context, detailed explanations, key events, and applicability.
An expense budget is a financial tool used to limit the amount anticipated as expenses to be incurred in a future period.
