[Title Page]
Contents
I. Introduction 7
II. Determinants of Fiscal Performance 10
III. Case Studies of Southeast Asian Countries 26
1. Overview 26
2. Philippines 31
3. Thailand 45
4. Indonesia 53
5. Singapore 59
IV. Analysis of Fiscal Laws in the United States and European Union 66
1. Analysis of Three Major Laws on Fiscal Soundness in the U.S. 66
2. Case of the New Fiscal Compact of the European Union 73
V. Conclusion 87
References 91
〈Table III-1〉 Major Economic Indicators 40
〈Table III-2〉 Major Economic Indicators 49
〈Table III-3〉 Major Economic Indicators 56
〈Table III-4〉 Major Economic Indicators 61
〈Table IV-1〉 Major Details of the Sixpack 76
〈Table IV-2〉 Overall Structure of the European Economic Governance System after... 77
〈Table IV-3〉 Comparison of DBP Information and SCP Content 81
[Figure III-1] Trends of General Government Gross Debt against GDP in the Philippines 41
[Figure III-2] Trends of General Government Gross Debt against GDP in Thailand 49
[Figure III-3] Trends of General Government Gross Debt against GDP in Indonesia 57
[Figure III-4] Trends of General Government Gross Debt against GDP in Singapore 62
[Figure IV-1] European Semester under the Two-pack 79
[Figure IV-2] Autumn Evaluation Schedule 80