Government Discretion

Views Updated: Dec 15, 2025

Abbreviation

Pronunciation

/ˈgəvərnmənt dɪˈskrɛʃən/

It is a bad law, allowing the government excessive discretion, but previous ministers have generally had the good sense not to use their powers.
After the reform and open, along with the fiscal decentralization promoted step by step, the local government have some discretion in powers and become more and more independent of interests gradually, these provide necessity for the local governments on tax competition.
Facing the two-sided quality of government's free discretion, during the reform of legal system of government, it is significant to strengthen the control of discretion, limit and remove its negative influence.
On Government's Free Discretion and Its Legislative Control
Global rules set before the financial crisis allowed lenders to hold no capital against their government bond portfolios, at the discretion of national regulators.

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