<p>I would greatly appreciate if you could explain me how to calculate fiscal space for an specific country. Or, could you please introduce me some references which explain it's calculation step by step or via a numerical example. I found <a href="https://data.oireachtas.ie/ie/oireachtas/libraryResearch/2018/2018-10-24_calculation-of-fiscal-space-budget-2019_en.pdf" rel="nofollow noreferrer">this document</a> but the numbers are not exactly reproducible. Therefore, I am not sure about it. </p>

CC BY-SA 4.0
2020-04-20T18:41:58.573Z
That calculation is for a euro area country. There’s a big difference between the euro area country and a country with a floating currency. You should specify whether you want to discuss the euro area, where “fiscal space” can be formally defined, or more generally, where the concept is very vague.
Brian Romanchuk
CC BY-SA 4.0
2020-04-21T10:02:45.490Z
@BrianRomanchuk Thanks a lot. I don't want to discuss the euro area. In general, I need to calculate it for emerging economies.
ebrahimi
CC BY-SA 4.0
2020-04-21T16:19:17.907Z
Big difference for a country that borrows in its own currency versus one that borrows in a foreign currency (USD, EUR,...). If it borrows in à foreign currency, would need to look at rating agency/international agency guidelines. If it’s borrowing in its own currency, the constraint is soft. Probably the only place to find formal formulae is the euro area.
Brian Romanchuk
CC BY-SA 4.0
2020-04-21T17:47:44.717Z
@BrianRomanchuk Thanks for sharing your information. Could you please let me know if there is a public dataset for fiscal space measures which are provided on the  pages 3-4 of [this paper](https://editorialexpress.com/cgi-bin/conference/download.cgi?db_name=EEAMannheim2015&paper_id=563)?
ebrahimi
CC BY-SA 4.0
2020-04-21T21:57:57.603Z
The IMF produces a fiscal monitor. Probably has the statistics to cover the simpler variants of “fiscal space” in that document.
Brian Romanchuk
<macroeconomics><reference-request><government-debt><fiscal-policy>
How to calculate fiscal space for a country?
ebrahimi
# How to calculate fiscal space for a country?

(Asked by: username_0 on 2020-04-20)

I would greatly appreciate if you could explain me how to calculate fiscal space for an specific country. Or, could you please introduce me some references which explain it's calculation step by step or via a numerical example. I found [this document](https://data.oireachtas.ie/ie/oireachtas/libraryResearch/2018/2018-10-24_calculation-of-fiscal-space-budget-2019_en.pdf) but the numbers are not exactly reproducible. Therefore, I am not sure about it.

**Tags:** macroeconomics, reference-request, government-debt, fiscal-policy

> **Comments:**
> **username_1**: That calculation is for a euro area country. There’s a big difference between the euro area country and a country with a floating currency. You should specify whether you want to discuss the euro area, where “fiscal space” can be formally defined, or more generally, where the concept is very vague.  
> **username_0**: @BrianRomanchuk Thanks a lot. I don't want to discuss the euro area. In general, I need to calculate it for emerging economies.  
> **username_1**: Big difference for a country that borrows in its own currency versus one that borrows in a foreign currency (USD, EUR,...). If it borrows in à foreign currency, would need to look at rating agency/international agency guidelines. If it’s borrowing in its own currency, the constraint is soft. Probably the only place to find formal formulae is the euro area.  
> **username_0**: @BrianRomanchuk Thanks for sharing your information. Could you please let me know if there is a public dataset for fiscal space measures which are provided on the  pages 3-4 of [this paper](https://editorialexpress.com/cgi-bin/conference/download.cgi?db_name=EEAMannheim2015&paper_id=563)?  
> **username_1**: The IMF produces a fiscal monitor. Probably has the statistics to cover the simpler variants of “fiscal space” in that document.  

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## 0 answers

