Can Fiscal Budget Concepts Improve Regulation?

Dudley, Susan E.

GW Work

Can Fiscal Budget Concepts Improve Regulation? Open Access

Despite efforts to ensure that new regulations provide net benefits to citizens, the accumulation of regulations threatens economic growth and well-being. As a result, the U.S. legislature is exploring the possibility that applying fiscal budgeting concepts to regulation could bring more accountability and transparency to the regulatory process. This paper examines the advantages and challenges of applying regulatory budgeting practices, and draws some preliminary conclusions based on successful experiences in other countries.