Restoring Fiscal Sustainability in Spain:
Spain's government has introduced ambitious consolidation measures, which should yield a sizeable improvement in discretionary fiscal efforts. Should budgetary outcomes fall short of targets, the government should stand ready to introduce further measures, as announced. Such measures could incl...
Gespeichert in:
| 1. Verfasser: | |
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| Weitere Verfasser: | , , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2011
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| Schriftenreihe: | OECD Economics Department Working Papers
no.850 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Spain's government has introduced ambitious consolidation measures, which should yield a sizeable improvement in discretionary fiscal efforts. Should budgetary outcomes fall short of targets, the government should stand ready to introduce further measures, as announced. Such measures could include subjecting more goods and services to the standard value added tax rate. They could also be used to fund a reduction in some social security contributions paid by employers. Once sufficient progress towards fiscal consolidation has been achieved, a further reform of the tax system towards more growth-friendly taxes should be contemplated. Spain also faces a dramatic increase in ageing-related public spending, mostly on account of pensions. The pension reform plan is welcome, but further reforms in the pension system will be necessary to contain expenditure growth. Rules on the budget balances for each level of government should be reviewed so as to induce regional governments to run larger budget surpluses when activity exceeds potential. |
| Beschreibung: | 1 Online-Ressource (47 p.) 21 x 29.7cm. |
| DOI: | 10.1787/5kgg9mc37d8r-en |
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| indexdate | 2024-07-16T15:07:22Z |
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| spelling | Beynet, Pierre VerfasserIn aut Restoring Fiscal Sustainability in Spain Pierre, Beynet ... [et al] = Rétablir la viabilité budgétaire en Espagne / Pierre, Beynet ... [et al] Rétablir la viabilité budgétaire en Espagne Paris OECD Publishing 2011 1 Online-Ressource (47 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.850 Spain's government has introduced ambitious consolidation measures, which should yield a sizeable improvement in discretionary fiscal efforts. Should budgetary outcomes fall short of targets, the government should stand ready to introduce further measures, as announced. Such measures could include subjecting more goods and services to the standard value added tax rate. They could also be used to fund a reduction in some social security contributions paid by employers. Once sufficient progress towards fiscal consolidation has been achieved, a further reform of the tax system towards more growth-friendly taxes should be contemplated. Spain also faces a dramatic increase in ageing-related public spending, mostly on account of pensions. The pension reform plan is welcome, but further reforms in the pension system will be necessary to contain expenditure growth. Rules on the budget balances for each level of government should be reviewed so as to induce regional governments to run larger budget surpluses when activity exceeds potential. Economics Spain Fuentes, Andrés MitwirkendeR ctb Gillingham, Robert MitwirkendeR ctb Hagemann, Robert P... MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/5kgg9mc37d8r-en Volltext |
| spellingShingle | Beynet, Pierre Restoring Fiscal Sustainability in Spain Economics Spain |
| title | Restoring Fiscal Sustainability in Spain |
| title_alt | Rétablir la viabilité budgétaire en Espagne |
| title_auth | Restoring Fiscal Sustainability in Spain |
| title_exact_search | Restoring Fiscal Sustainability in Spain |
| title_full | Restoring Fiscal Sustainability in Spain Pierre, Beynet ... [et al] = Rétablir la viabilité budgétaire en Espagne / Pierre, Beynet ... [et al] |
| title_fullStr | Restoring Fiscal Sustainability in Spain Pierre, Beynet ... [et al] = Rétablir la viabilité budgétaire en Espagne / Pierre, Beynet ... [et al] |
| title_full_unstemmed | Restoring Fiscal Sustainability in Spain Pierre, Beynet ... [et al] = Rétablir la viabilité budgétaire en Espagne / Pierre, Beynet ... [et al] |
| title_short | Restoring Fiscal Sustainability in Spain |
| title_sort | restoring fiscal sustainability in spain |
| topic | Economics Spain |
| topic_facet | Economics Spain |
| url | https://doi.org/10.1787/5kgg9mc37d8r-en |
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