Fiscal Policy Investment Rule: Constitutional Analysis
Rule-based fiscal policy was developed in the beginning of 1980. The most important benefit for rule-based fiscal policy is accounted for a budget discipline. Discretionary fiscal policy let more space for different interest groups to be active in creating deficit bias. Increasing use of rules reflect the overall EU fiscal framework, as well as country specific fiscal governance features. To create and govern fiscal rules has been due to be more difficult task than was projected. In combining juridical and economic thinking was not so straightforward, when you have to take into account democratic legitimacy. The press to solve fiscal crisis and it's impact on the welfare state has been increased in adopting incomplete fiscal rules for economic governance. One remedy for current situation is to implement constitutional investment rule based for property right characteristic of voting right.
Democratic legitimacy is the demanding task in the context of public economy. Traditional solution to the special task force has been to found budget-off fund. The budget-off funds are normally the fix part of government organization. To control the citizen’s equity by the interests of citizens of themselves demand a different type of solution to governance problem. One possible way to go on is non-profit organisation based into different preferences of citizens organised into non-profit organisation, which are varied in the non-profit market.