Fiscal integration in EU and US by Dmitry Gershenson, Resident Representative and Country Director for Rwanda, International Monetary Fund (IMF), presented on June 6, 2012 during a public lecture at the School of Finance and Banking (SFB)
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Fiscal integration in EU and US
1. Fiscal integration is incomplete
Gross Transfers
(Percent of state/member country GDP)
From US Federal Budget From EU Budget
35 35
28 28
21 21
14 14
7 7
0 0
MLT
IRL
LUX
ITA
PRT
SVN
GRC
FIN
BEL
AUT
DEU
EST
SVK
CYP
NLD
ESP
FRA
NM
MD
MT
NC
NY
CA
SC
DE
UT
TN
AZ
PA
VA
WI
TX
FL
IL
Wednesday, February 1, 2012