to the priorities of the government by allowing increases above or below baseline for specific
components. They can be instrumental in limiting the size of the government and hardly prevent
automatic stabilisers from operating.- Revenue rules can pursue different objectives. They can notably be designed to limit the increase
in the tax burden or the size of the government, or on the contrary to ensure a sufficient amount of
revenues for the government to finance its priorities. They can also aim at avoiding the conduct of
pro-cyclical policies by pre-defining the allocation of possible higher-than-expected revenues.
Table 1 below provides a review of the respective properties of various ‘families’ of fiscal rules with
respect to different possible economic objectives.