Ensuring Fiscal Sustainability in G-7 Countries:
Rising longevity, falling fertility rates, and the retirement of the baby boom generation will substantially raise age-related government spending in most advanced and many emerging market countries. This paper assesses the evolution of fiscal sustainability for each of the G-7 countries using two s...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2007
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Schriftenreihe: | IMF Working Papers
Working Paper No. 07/187 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | Rising longevity, falling fertility rates, and the retirement of the baby boom generation will substantially raise age-related government spending in most advanced and many emerging market countries. This paper assesses the evolution of fiscal sustainability for each of the G-7 countries using two standard primary gap indicators. The estimated fiscal adjustment required to ensure long-run fiscal sustainability is substantial for all G-7 countries. In particular, ensuring fiscal sustainability would require an average improvement in the primary balance of about 4 percentage points of GDP. While the overall adjustment required to achieve long-run fiscal sustainability in G-7 countries is large, there are significant growth benefits to putting public finances on a sustainable footing in the near term versus delayed adjustment |
Beschreibung: | 1 Online-Ressource (29 p) |
ISBN: | 1451867514 9781451867510 |
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spelling | Leigh, Daniel Verfasser aut Ensuring Fiscal Sustainability in G-7 Countries Leigh, Daniel Washington, D.C International Monetary Fund 2007 1 Online-Ressource (29 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 07/187 Rising longevity, falling fertility rates, and the retirement of the baby boom generation will substantially raise age-related government spending in most advanced and many emerging market countries. This paper assesses the evolution of fiscal sustainability for each of the G-7 countries using two standard primary gap indicators. The estimated fiscal adjustment required to ensure long-run fiscal sustainability is substantial for all G-7 countries. In particular, ensuring fiscal sustainability would require an average improvement in the primary balance of about 4 percentage points of GDP. While the overall adjustment required to achieve long-run fiscal sustainability in G-7 countries is large, there are significant growth benefits to putting public finances on a sustainable footing in the near term versus delayed adjustment Online-Ausg Hauner, David Sonstige oth Skaarup, Michael Sonstige oth http://elibrary.imf.org/view/IMF001/08535-9781451867510/08535-9781451867510/08535-9781451867510.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Leigh, Daniel Ensuring Fiscal Sustainability in G-7 Countries |
title | Ensuring Fiscal Sustainability in G-7 Countries |
title_auth | Ensuring Fiscal Sustainability in G-7 Countries |
title_exact_search | Ensuring Fiscal Sustainability in G-7 Countries |
title_exact_search_txtP | Ensuring Fiscal Sustainability in G-7 Countries |
title_full | Ensuring Fiscal Sustainability in G-7 Countries Leigh, Daniel |
title_fullStr | Ensuring Fiscal Sustainability in G-7 Countries Leigh, Daniel |
title_full_unstemmed | Ensuring Fiscal Sustainability in G-7 Countries Leigh, Daniel |
title_short | Ensuring Fiscal Sustainability in G-7 Countries |
title_sort | ensuring fiscal sustainability in g 7 countries |
url | http://elibrary.imf.org/view/IMF001/08535-9781451867510/08535-9781451867510/08535-9781451867510.xml |
work_keys_str_mv | AT leighdaniel ensuringfiscalsustainabilitying7countries AT haunerdavid ensuringfiscalsustainabilitying7countries AT skaarupmichael ensuringfiscalsustainabilitying7countries |