Fiscal Consolidation: Part 6. What Are the Best Policy Instruments for Fiscal Consolidation?:
OECD countries face daunting fiscal challenges following the substantial surge in debt-GDP ratios during the past four years, from already high levels in many cases. Fiscal consolidation is now the order of the day, and it takes on greater urgency against the backdrop of imminent budgetary pressures...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2012
|
| Schriftenreihe: | OECD Economics Department Working Papers
no.937 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | OECD countries face daunting fiscal challenges following the substantial surge in debt-GDP ratios during the past four years, from already high levels in many cases. Fiscal consolidation is now the order of the day, and it takes on greater urgency against the backdrop of imminent budgetary pressures from population ageing. While strong growth would help, the bulk of consolidation will require specific structural reforms to spending and revenue programmes to stabilise and then reduce debt-GDP ratios. On the spending side, many reform options offer budgetary savings through improved efficiency, without loss of desired outcomes or adverse equity impacts. Areas examined in this paper include health care, education, infrastructure, general public services, and transfer programmes. On the revenue side, countries' tax systems are perforated by tax expenditures that cause inefficiencies, reduce revenue, and undermine fairness. Reducing the scope and scale of tax expenditures remains one of the most promising means of boosting revenues while improving economic performance. Shifting taxation toward less inefficient tax bases also holds much promise, including raising the importance of both property taxation and environmental levies. Even without quantifying all possible measures, the cumulative cuts in spending and increases in taxation could yield 6% of GDP on average across countries in consolidation, with somewhat more on the spending side. |
| Beschreibung: | 1 Online-Ressource (61 p.) 21 x 29.7cm. |
| DOI: | 10.1787/5k9h28kd17xn-en |
Internformat
MARC
| LEADER | 00000cam a22000002 4500 | ||
|---|---|---|---|
| 001 | ZDB-13-SOC-061257761 | ||
| 003 | DE-627-1 | ||
| 005 | 20231204120951.0 | ||
| 007 | cr uuu---uuuuu | ||
| 008 | 210204s2012 xx |||||o 00| ||eng c | ||
| 024 | 7 | |a 10.1787/5k9h28kd17xn-en |2 doi | |
| 035 | |a (DE-627-1)061257761 | ||
| 035 | |a (DE-599)KEP061257761 | ||
| 035 | |a (FR-PaOEC)5k9h28kd17xn-en | ||
| 035 | |a (EBP)061257761 | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rda | ||
| 041 | |a eng | ||
| 084 | |a H61 |2 jelc | ||
| 100 | 1 | |a Hagemann, Robert P... |e VerfasserIn |4 aut | |
| 245 | 1 | 0 | |a Fiscal Consolidation: Part 6. What Are the Best Policy Instruments for Fiscal Consolidation? |c Robert P., Hagemann = Consolidation budgétaire: Partie 6. Quels sont les meilleurs instruments de la consolidation budgétaire ? / Robert P., Hagemann |
| 246 | 3 | 3 | |a Consolidation budgétaire: Partie 6. Quels sont les meilleurs instruments de la consolidation budgétaire ? |
| 264 | 1 | |a Paris |b OECD Publishing |c 2012 | |
| 300 | |a 1 Online-Ressource (61 p.) |c 21 x 29.7cm. | ||
| 336 | |a Text |b txt |2 rdacontent | ||
| 337 | |a Computermedien |b c |2 rdamedia | ||
| 338 | |a Online-Ressource |b cr |2 rdacarrier | ||
| 490 | 0 | |a OECD Economics Department Working Papers |v no.937 | |
| 520 | |a OECD countries face daunting fiscal challenges following the substantial surge in debt-GDP ratios during the past four years, from already high levels in many cases. Fiscal consolidation is now the order of the day, and it takes on greater urgency against the backdrop of imminent budgetary pressures from population ageing. While strong growth would help, the bulk of consolidation will require specific structural reforms to spending and revenue programmes to stabilise and then reduce debt-GDP ratios. On the spending side, many reform options offer budgetary savings through improved efficiency, without loss of desired outcomes or adverse equity impacts. Areas examined in this paper include health care, education, infrastructure, general public services, and transfer programmes. On the revenue side, countries' tax systems are perforated by tax expenditures that cause inefficiencies, reduce revenue, and undermine fairness. Reducing the scope and scale of tax expenditures remains one of the most promising means of boosting revenues while improving economic performance. Shifting taxation toward less inefficient tax bases also holds much promise, including raising the importance of both property taxation and environmental levies. Even without quantifying all possible measures, the cumulative cuts in spending and increases in taxation could yield 6% of GDP on average across countries in consolidation, with somewhat more on the spending side. | ||
| 650 | 4 | |a Taxation | |
| 650 | 4 | |a Economics | |
| 856 | 4 | 0 | |l FWS01 |p ZDB-13-SOC |q FWS_PDA_SOC |u https://doi.org/10.1787/5k9h28kd17xn-en |3 Volltext |
| 912 | |a ZDB-13-SOC | ||
| 912 | |a ZDB-13-SOC | ||
| 951 | |a BO | ||
| 912 | |a ZDB-13-SOC | ||
| 049 | |a DE-863 | ||
Datensatz im Suchindex
| DE-BY-FWS_katkey | ZDB-13-SOC-061257761 |
|---|---|
| _version_ | 1816797341736239104 |
| adam_text | |
| any_adam_object | |
| author | Hagemann, Robert P.. |
| author_facet | Hagemann, Robert P.. |
| author_role | aut |
| author_sort | Hagemann, Robert P.. |
| author_variant | r p h rp rph |
| building | Verbundindex |
| bvnumber | localFWS |
| collection | ZDB-13-SOC |
| ctrlnum | (DE-627-1)061257761 (DE-599)KEP061257761 (FR-PaOEC)5k9h28kd17xn-en (EBP)061257761 |
| discipline | Wirtschaftswissenschaften |
| doi_str_mv | 10.1787/5k9h28kd17xn-en |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02854cam a22003732 4500</leader><controlfield tag="001">ZDB-13-SOC-061257761</controlfield><controlfield tag="003">DE-627-1</controlfield><controlfield tag="005">20231204120951.0</controlfield><controlfield tag="007">cr uuu---uuuuu</controlfield><controlfield tag="008">210204s2012 xx |||||o 00| ||eng c</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1787/5k9h28kd17xn-en</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-627-1)061257761</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)KEP061257761</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(FR-PaOEC)5k9h28kd17xn-en</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(EBP)061257761</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-627</subfield><subfield code="b">ger</subfield><subfield code="c">DE-627</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1=" " ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">H61</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Hagemann, Robert P...</subfield><subfield code="e">VerfasserIn</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Fiscal Consolidation: Part 6. What Are the Best Policy Instruments for Fiscal Consolidation?</subfield><subfield code="c">Robert P., Hagemann = Consolidation budgétaire: Partie 6. Quels sont les meilleurs instruments de la consolidation budgétaire ? / Robert P., Hagemann</subfield></datafield><datafield tag="246" ind1="3" ind2="3"><subfield code="a">Consolidation budgétaire: Partie 6. Quels sont les meilleurs instruments de la consolidation budgétaire ?</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Paris</subfield><subfield code="b">OECD Publishing</subfield><subfield code="c">2012</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (61 p.)</subfield><subfield code="c">21 x 29.7cm.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">Text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">Computermedien</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">Online-Ressource</subfield><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">OECD Economics Department Working Papers</subfield><subfield code="v">no.937</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">OECD countries face daunting fiscal challenges following the substantial surge in debt-GDP ratios during the past four years, from already high levels in many cases. Fiscal consolidation is now the order of the day, and it takes on greater urgency against the backdrop of imminent budgetary pressures from population ageing. While strong growth would help, the bulk of consolidation will require specific structural reforms to spending and revenue programmes to stabilise and then reduce debt-GDP ratios. On the spending side, many reform options offer budgetary savings through improved efficiency, without loss of desired outcomes or adverse equity impacts. Areas examined in this paper include health care, education, infrastructure, general public services, and transfer programmes. On the revenue side, countries' tax systems are perforated by tax expenditures that cause inefficiencies, reduce revenue, and undermine fairness. Reducing the scope and scale of tax expenditures remains one of the most promising means of boosting revenues while improving economic performance. Shifting taxation toward less inefficient tax bases also holds much promise, including raising the importance of both property taxation and environmental levies. Even without quantifying all possible measures, the cumulative cuts in spending and increases in taxation could yield 6% of GDP on average across countries in consolidation, with somewhat more on the spending side.</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Taxation</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Economics</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="l">FWS01</subfield><subfield code="p">ZDB-13-SOC</subfield><subfield code="q">FWS_PDA_SOC</subfield><subfield code="u">https://doi.org/10.1787/5k9h28kd17xn-en</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="951" ind1=" " ind2=" "><subfield code="a">BO</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-863</subfield></datafield></record></collection> |
| id | ZDB-13-SOC-061257761 |
| illustrated | Not Illustrated |
| indexdate | 2024-11-26T14:56:02Z |
| institution | BVB |
| language | English |
| open_access_boolean | |
| owner | DE-863 DE-BY-FWS |
| owner_facet | DE-863 DE-BY-FWS |
| physical | 1 Online-Ressource (61 p.) 21 x 29.7cm. |
| psigel | ZDB-13-SOC |
| publishDate | 2012 |
| publishDateSearch | 2012 |
| publishDateSort | 2012 |
| publisher | OECD Publishing |
| record_format | marc |
| series2 | OECD Economics Department Working Papers |
| spelling | Hagemann, Robert P... VerfasserIn aut Fiscal Consolidation: Part 6. What Are the Best Policy Instruments for Fiscal Consolidation? Robert P., Hagemann = Consolidation budgétaire: Partie 6. Quels sont les meilleurs instruments de la consolidation budgétaire ? / Robert P., Hagemann Consolidation budgétaire: Partie 6. Quels sont les meilleurs instruments de la consolidation budgétaire ? Paris OECD Publishing 2012 1 Online-Ressource (61 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.937 OECD countries face daunting fiscal challenges following the substantial surge in debt-GDP ratios during the past four years, from already high levels in many cases. Fiscal consolidation is now the order of the day, and it takes on greater urgency against the backdrop of imminent budgetary pressures from population ageing. While strong growth would help, the bulk of consolidation will require specific structural reforms to spending and revenue programmes to stabilise and then reduce debt-GDP ratios. On the spending side, many reform options offer budgetary savings through improved efficiency, without loss of desired outcomes or adverse equity impacts. Areas examined in this paper include health care, education, infrastructure, general public services, and transfer programmes. On the revenue side, countries' tax systems are perforated by tax expenditures that cause inefficiencies, reduce revenue, and undermine fairness. Reducing the scope and scale of tax expenditures remains one of the most promising means of boosting revenues while improving economic performance. Shifting taxation toward less inefficient tax bases also holds much promise, including raising the importance of both property taxation and environmental levies. Even without quantifying all possible measures, the cumulative cuts in spending and increases in taxation could yield 6% of GDP on average across countries in consolidation, with somewhat more on the spending side. Taxation Economics FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/5k9h28kd17xn-en Volltext |
| spellingShingle | Hagemann, Robert P.. Fiscal Consolidation: Part 6. What Are the Best Policy Instruments for Fiscal Consolidation? Taxation Economics |
| title | Fiscal Consolidation: Part 6. What Are the Best Policy Instruments for Fiscal Consolidation? |
| title_alt | Consolidation budgétaire: Partie 6. Quels sont les meilleurs instruments de la consolidation budgétaire ? |
| title_auth | Fiscal Consolidation: Part 6. What Are the Best Policy Instruments for Fiscal Consolidation? |
| title_exact_search | Fiscal Consolidation: Part 6. What Are the Best Policy Instruments for Fiscal Consolidation? |
| title_full | Fiscal Consolidation: Part 6. What Are the Best Policy Instruments for Fiscal Consolidation? Robert P., Hagemann = Consolidation budgétaire: Partie 6. Quels sont les meilleurs instruments de la consolidation budgétaire ? / Robert P., Hagemann |
| title_fullStr | Fiscal Consolidation: Part 6. What Are the Best Policy Instruments for Fiscal Consolidation? Robert P., Hagemann = Consolidation budgétaire: Partie 6. Quels sont les meilleurs instruments de la consolidation budgétaire ? / Robert P., Hagemann |
| title_full_unstemmed | Fiscal Consolidation: Part 6. What Are the Best Policy Instruments for Fiscal Consolidation? Robert P., Hagemann = Consolidation budgétaire: Partie 6. Quels sont les meilleurs instruments de la consolidation budgétaire ? / Robert P., Hagemann |
| title_short | Fiscal Consolidation: Part 6. What Are the Best Policy Instruments for Fiscal Consolidation? |
| title_sort | fiscal consolidation part 6 what are the best policy instruments for fiscal consolidation |
| topic | Taxation Economics |
| topic_facet | Taxation Economics |
| url | https://doi.org/10.1787/5k9h28kd17xn-en |
| work_keys_str_mv | AT hagemannrobertp fiscalconsolidationpart6whatarethebestpolicyinstrumentsforfiscalconsolidation AT hagemannrobertp consolidationbudgetairepartie6quelssontlesmeilleursinstrumentsdelaconsolidationbudgetaire |