Financial and Fiscal Regulatory Tools:Budget Constraints and Institutional Responses
In contrast to traditional mandatory public regulation tools,financial and tax regulation tools offer distinct advantages and application value through benefit-inducing approaches.However,insufficient attention has been paid to the fiscal effects of these tools,which not only impact fiscal sustainability but also influence the attainment of regulatory objectives.Integrating such tools into budget constraints is advantageous for realizing regulatory goals while ensuring sustainable financial development.In practice,budget constraints face challenges such as overall weakness,unequal power distribution among stakeholders,imbal-anced development of objectives,and unreasonable allocation of timeframes.Targeted institutional reforms are necessary to tackle these challenges effectively.
Financial and Fiscal Regulatory ToolsFiscal EffectsBudget ConstraintsInstitutional Reforms
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