Restoring Fiscal Sustainability in the United States:
The United States faces challenging budgetary prospects, as do most other OECD countries. The federal budget deficit widened considerably during the recession, reaching about 10% of GDP in both 2009 and 2010, reflecting the operation of automatic stabilizers and the policy response to the crisis. Co...
Gespeichert in:
| 1. Verfasser: | |
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| Weitere Verfasser: | , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2010
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| Schriftenreihe: | OECD Economics Department Working Papers
no.806 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | The United States faces challenging budgetary prospects, as do most other OECD countries. The federal budget deficit widened considerably during the recession, reaching about 10% of GDP in both 2009 and 2010, reflecting the operation of automatic stabilizers and the policy response to the crisis. Consequently, public debt now stands at its highest level since the early-1950s. The Administration has proposed the objective of stabilising the debt-GDP ratio by 2015, which is realistic in scope and ambition, though it requires fiscal tightening measures which are yet to be identified. In the next decade, the effects of population ageing on entitlement spending will be increasingly felt and the fiscal situation could deteriorate significantly in the absence of structural reforms of pension and, especially, health-care programmes. |
| Beschreibung: | 1 Online-Ressource (35 p.) 21 x 29.7cm. |
| DOI: | 10.1787/5km5zrsp9230-en |
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| 520 | |a The United States faces challenging budgetary prospects, as do most other OECD countries. The federal budget deficit widened considerably during the recession, reaching about 10% of GDP in both 2009 and 2010, reflecting the operation of automatic stabilizers and the policy response to the crisis. Consequently, public debt now stands at its highest level since the early-1950s. The Administration has proposed the objective of stabilising the debt-GDP ratio by 2015, which is realistic in scope and ambition, though it requires fiscal tightening measures which are yet to be identified. In the next decade, the effects of population ageing on entitlement spending will be increasingly felt and the fiscal situation could deteriorate significantly in the absence of structural reforms of pension and, especially, health-care programmes. | ||
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| spelling | Lenain, Patrick VerfasserIn aut Restoring Fiscal Sustainability in the United States Patrick, Lenain, Robert P., Hagemann and David, Carey = États-Unis: Rétablir la stabilité budgétaire / Patrick, Lenain, Robert P., Hagemann et David, Carey États-Unis: Rétablir la stabilité budgétaire Paris OECD Publishing 2010 1 Online-Ressource (35 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.806 The United States faces challenging budgetary prospects, as do most other OECD countries. The federal budget deficit widened considerably during the recession, reaching about 10% of GDP in both 2009 and 2010, reflecting the operation of automatic stabilizers and the policy response to the crisis. Consequently, public debt now stands at its highest level since the early-1950s. The Administration has proposed the objective of stabilising the debt-GDP ratio by 2015, which is realistic in scope and ambition, though it requires fiscal tightening measures which are yet to be identified. In the next decade, the effects of population ageing on entitlement spending will be increasingly felt and the fiscal situation could deteriorate significantly in the absence of structural reforms of pension and, especially, health-care programmes. Economics United States Hagemann, Robert P... MitwirkendeR ctb Carey, David MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/5km5zrsp9230-en Volltext |
| spellingShingle | Lenain, Patrick Restoring Fiscal Sustainability in the United States Economics United States |
| title | Restoring Fiscal Sustainability in the United States |
| title_alt | États-Unis: Rétablir la stabilité budgétaire |
| title_auth | Restoring Fiscal Sustainability in the United States |
| title_exact_search | Restoring Fiscal Sustainability in the United States |
| title_full | Restoring Fiscal Sustainability in the United States Patrick, Lenain, Robert P., Hagemann and David, Carey = États-Unis: Rétablir la stabilité budgétaire / Patrick, Lenain, Robert P., Hagemann et David, Carey |
| title_fullStr | Restoring Fiscal Sustainability in the United States Patrick, Lenain, Robert P., Hagemann and David, Carey = États-Unis: Rétablir la stabilité budgétaire / Patrick, Lenain, Robert P., Hagemann et David, Carey |
| title_full_unstemmed | Restoring Fiscal Sustainability in the United States Patrick, Lenain, Robert P., Hagemann and David, Carey = États-Unis: Rétablir la stabilité budgétaire / Patrick, Lenain, Robert P., Hagemann et David, Carey |
| title_short | Restoring Fiscal Sustainability in the United States |
| title_sort | restoring fiscal sustainability in the united states |
| topic | Economics United States |
| topic_facet | Economics United States |
| url | https://doi.org/10.1787/5km5zrsp9230-en |
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