Long-Term Trends in Public Finances in the G-7 Economies:
Today's record public debt levels in most advanced economies are not only a direct fall-out from the global crisis. Public debt had ratcheted up over many decades before, when it had been used, in most of the G-7 countries, as the ultimate shock absorber-rising in bad times but not declining mu...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2010
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| Schriftenreihe: | IMF Staff Position Notes
Staff Position Note No. 2010/13 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | Today's record public debt levels in most advanced economies are not only a direct fall-out from the global crisis. Public debt had ratcheted up over many decades before, when it had been used, in most of the G-7 countries, as the ultimate shock absorber-rising in bad times but not declining much in good times. Alongside, primary spending increased, particularly during 1965-85, reflecting predominantly a surge in health care and pension spending. Looking ahead, advanced economies will face the formidable challenge of reducing debt ratios at a time when ageing-related spending, in particular often underestimated pressures from health care systems, will put additional pressure on public finances. Addressing these fiscal challenges will require growth-friendly structural reforms, a fiscal strategy involving gradual but steady fiscal adjustment, stronger fiscal institutions, expenditure and revenue reforms, and an appropriate degree of burden sharing across all stakeholders |
| Beschreibung: | 1 Online-Ressource (24 p) |
| ISBN: | 145526332X 9781455263325 |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:27Z |
| indexdate | 2024-07-10T09:35:36Z |
| institution | BVB |
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| series2 | IMF Staff Position Notes |
| spelling | Schaechter, Andrea Verfasser aut Long-Term Trends in Public Finances in the G-7 Economies Schaechter, Andrea Washington, D.C International Monetary Fund 2010 1 Online-Ressource (24 p) txt rdacontent c rdamedia cr rdacarrier IMF Staff Position Notes Staff Position Note No. 2010/13 Today's record public debt levels in most advanced economies are not only a direct fall-out from the global crisis. Public debt had ratcheted up over many decades before, when it had been used, in most of the G-7 countries, as the ultimate shock absorber-rising in bad times but not declining much in good times. Alongside, primary spending increased, particularly during 1965-85, reflecting predominantly a surge in health care and pension spending. Looking ahead, advanced economies will face the formidable challenge of reducing debt ratios at a time when ageing-related spending, in particular often underestimated pressures from health care systems, will put additional pressure on public finances. Addressing these fiscal challenges will require growth-friendly structural reforms, a fiscal strategy involving gradual but steady fiscal adjustment, stronger fiscal institutions, expenditure and revenue reforms, and an appropriate degree of burden sharing across all stakeholders Online-Ausg Cottarelli, Carlo Sonstige oth http://elibrary.imf.org/view/IMF004/11231-9781455263325/11231-9781455263325/11231-9781455263325.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Schaechter, Andrea Long-Term Trends in Public Finances in the G-7 Economies |
| title | Long-Term Trends in Public Finances in the G-7 Economies |
| title_auth | Long-Term Trends in Public Finances in the G-7 Economies |
| title_exact_search | Long-Term Trends in Public Finances in the G-7 Economies |
| title_exact_search_txtP | Long-Term Trends in Public Finances in the G-7 Economies |
| title_full | Long-Term Trends in Public Finances in the G-7 Economies Schaechter, Andrea |
| title_fullStr | Long-Term Trends in Public Finances in the G-7 Economies Schaechter, Andrea |
| title_full_unstemmed | Long-Term Trends in Public Finances in the G-7 Economies Schaechter, Andrea |
| title_short | Long-Term Trends in Public Finances in the G-7 Economies |
| title_sort | long term trends in public finances in the g 7 economies |
| url | http://elibrary.imf.org/view/IMF004/11231-9781455263325/11231-9781455263325/11231-9781455263325.xml |
| work_keys_str_mv | AT schaechterandrea longtermtrendsinpublicfinancesintheg7economies AT cottarellicarlo longtermtrendsinpublicfinancesintheg7economies |