Restoring Japan's Fiscal Sustainability:
With gross government debt surpassing 200% of GDP, Japan's fiscal situation is in uncharted territory. In addition to robust nominal GDP growth, correcting two decades of budget deficits requires a large and sustained fiscal consolidation based on a detailed and credible multi-year plan that in...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Weitere Verfasser: | |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2013
|
| Schriftenreihe: | OECD Economics Department Working Papers
no.1050 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | With gross government debt surpassing 200% of GDP, Japan's fiscal situation is in uncharted territory. In addition to robust nominal GDP growth, correcting two decades of budget deficits requires a large and sustained fiscal consolidation based on a detailed and credible multi-year plan that includes measures to control spending and raise revenue. On the spending side, reforms to contain ageing-related outlays are the priority, while the consumption tax should be the main source of additional revenue, given that its impact on economic activity is less negative than other taxes. The plan should target a primary budget surplus large enough to stabilise the public debt ratio by 2020. The fiscal policy framework should be improved to help reinforce confidence in Japan's fiscal position and prevent a run-up in interest rates. Higher consumption taxes should be accompanied by well-targeted social spending, including the introduction of an earned income tax credit, to prevent a rise in inequality and poverty. This Working Paper relates to the 2013 OECD Economic Survey of Japan (www.oecd.org/eco/surveys/japan) |
| Beschreibung: | 1 Online-Ressource (42 p.) 21 x 29.7cm. |
| DOI: | 10.1787/5k46cvtkbf33-en |
Internformat
MARC
| LEADER | 00000cam a22000002 4500 | ||
|---|---|---|---|
| 001 | ZDB-13-SOC-061274232 | ||
| 003 | DE-627-1 | ||
| 005 | 20231204121359.0 | ||
| 007 | cr uuu---uuuuu | ||
| 008 | 210204s2013 xx |||||o 00| ||eng c | ||
| 024 | 7 | |a 10.1787/5k46cvtkbf33-en |2 doi | |
| 035 | |a (DE-627-1)061274232 | ||
| 035 | |a (DE-599)KEP061274232 | ||
| 035 | |a (FR-PaOEC)5k46cvtkbf33-en | ||
| 035 | |a (EBP)061274232 | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rda | ||
| 041 | |a eng | ||
| 084 | |a H2 |2 jelc | ||
| 084 | |a H5 |2 jelc | ||
| 084 | |a H6 |2 jelc | ||
| 100 | 1 | |a Jones, Randall S... |e VerfasserIn |4 aut | |
| 245 | 1 | 0 | |a Restoring Japan's Fiscal Sustainability |c Randall S., Jones and Satoshi, Urasawa = Rétablir la viabilité des finances publiques au Japon / Randall S., Jones et Satoshi, Urasawa |
| 246 | 3 | 3 | |a Rétablir la viabilité des finances publiques au Japon |
| 264 | 1 | |a Paris |b OECD Publishing |c 2013 | |
| 300 | |a 1 Online-Ressource (42 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.1050 | |
| 520 | |a With gross government debt surpassing 200% of GDP, Japan's fiscal situation is in uncharted territory. In addition to robust nominal GDP growth, correcting two decades of budget deficits requires a large and sustained fiscal consolidation based on a detailed and credible multi-year plan that includes measures to control spending and raise revenue. On the spending side, reforms to contain ageing-related outlays are the priority, while the consumption tax should be the main source of additional revenue, given that its impact on economic activity is less negative than other taxes. The plan should target a primary budget surplus large enough to stabilise the public debt ratio by 2020. The fiscal policy framework should be improved to help reinforce confidence in Japan's fiscal position and prevent a run-up in interest rates. Higher consumption taxes should be accompanied by well-targeted social spending, including the introduction of an earned income tax credit, to prevent a rise in inequality and poverty. This Working Paper relates to the 2013 OECD Economic Survey of Japan (www.oecd.org/eco/surveys/japan) | ||
| 650 | 4 | |a Finance and Investment | |
| 650 | 4 | |a Economics | |
| 650 | 4 | |a Japan | |
| 700 | 1 | |a Urasawa, Satoshi |e MitwirkendeR |4 ctb | |
| 856 | 4 | 0 | |l FWS01 |p ZDB-13-SOC |q FWS_PDA_SOC |u https://doi.org/10.1787/5k46cvtkbf33-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-061274232 |
|---|---|
| _version_ | 1816797339363311616 |
| adam_text | |
| any_adam_object | |
| author | Jones, Randall S.. |
| author2 | Urasawa, Satoshi |
| author2_role | ctb |
| author2_variant | s u su |
| author_facet | Jones, Randall S.. Urasawa, Satoshi |
| author_role | aut |
| author_sort | Jones, Randall S.. |
| author_variant | r s j rs rsj |
| building | Verbundindex |
| bvnumber | localFWS |
| collection | ZDB-13-SOC |
| ctrlnum | (DE-627-1)061274232 (DE-599)KEP061274232 (FR-PaOEC)5k46cvtkbf33-en (EBP)061274232 |
| discipline | Wirtschaftswissenschaften |
| doi_str_mv | 10.1787/5k46cvtkbf33-en |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02532cam a22004212 4500</leader><controlfield tag="001">ZDB-13-SOC-061274232</controlfield><controlfield tag="003">DE-627-1</controlfield><controlfield tag="005">20231204121359.0</controlfield><controlfield tag="007">cr uuu---uuuuu</controlfield><controlfield tag="008">210204s2013 xx |||||o 00| ||eng c</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1787/5k46cvtkbf33-en</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-627-1)061274232</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)KEP061274232</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(FR-PaOEC)5k46cvtkbf33-en</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(EBP)061274232</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">H2</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">H5</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">H6</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Jones, Randall S...</subfield><subfield code="e">VerfasserIn</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Restoring Japan's Fiscal Sustainability</subfield><subfield code="c">Randall S., Jones and Satoshi, Urasawa = Rétablir la viabilité des finances publiques au Japon / Randall S., Jones et Satoshi, Urasawa</subfield></datafield><datafield tag="246" ind1="3" ind2="3"><subfield code="a">Rétablir la viabilité des finances publiques au Japon</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Paris</subfield><subfield code="b">OECD Publishing</subfield><subfield code="c">2013</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (42 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.1050</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">With gross government debt surpassing 200% of GDP, Japan's fiscal situation is in uncharted territory. In addition to robust nominal GDP growth, correcting two decades of budget deficits requires a large and sustained fiscal consolidation based on a detailed and credible multi-year plan that includes measures to control spending and raise revenue. On the spending side, reforms to contain ageing-related outlays are the priority, while the consumption tax should be the main source of additional revenue, given that its impact on economic activity is less negative than other taxes. The plan should target a primary budget surplus large enough to stabilise the public debt ratio by 2020. The fiscal policy framework should be improved to help reinforce confidence in Japan's fiscal position and prevent a run-up in interest rates. Higher consumption taxes should be accompanied by well-targeted social spending, including the introduction of an earned income tax credit, to prevent a rise in inequality and poverty. This Working Paper relates to the 2013 OECD Economic Survey of Japan (www.oecd.org/eco/surveys/japan)</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Finance and Investment</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Economics</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Japan</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Urasawa, Satoshi</subfield><subfield code="e">MitwirkendeR</subfield><subfield code="4">ctb</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/10.1787/5k46cvtkbf33-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-061274232 |
| illustrated | Not Illustrated |
| indexdate | 2024-11-26T14:56:00Z |
| institution | BVB |
| language | English |
| open_access_boolean | |
| owner | DE-863 DE-BY-FWS |
| owner_facet | DE-863 DE-BY-FWS |
| physical | 1 Online-Ressource (42 p.) 21 x 29.7cm. |
| psigel | ZDB-13-SOC |
| publishDate | 2013 |
| publishDateSearch | 2013 |
| publishDateSort | 2013 |
| publisher | OECD Publishing |
| record_format | marc |
| series2 | OECD Economics Department Working Papers |
| spelling | Jones, Randall S... VerfasserIn aut Restoring Japan's Fiscal Sustainability Randall S., Jones and Satoshi, Urasawa = Rétablir la viabilité des finances publiques au Japon / Randall S., Jones et Satoshi, Urasawa Rétablir la viabilité des finances publiques au Japon Paris OECD Publishing 2013 1 Online-Ressource (42 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.1050 With gross government debt surpassing 200% of GDP, Japan's fiscal situation is in uncharted territory. In addition to robust nominal GDP growth, correcting two decades of budget deficits requires a large and sustained fiscal consolidation based on a detailed and credible multi-year plan that includes measures to control spending and raise revenue. On the spending side, reforms to contain ageing-related outlays are the priority, while the consumption tax should be the main source of additional revenue, given that its impact on economic activity is less negative than other taxes. The plan should target a primary budget surplus large enough to stabilise the public debt ratio by 2020. The fiscal policy framework should be improved to help reinforce confidence in Japan's fiscal position and prevent a run-up in interest rates. Higher consumption taxes should be accompanied by well-targeted social spending, including the introduction of an earned income tax credit, to prevent a rise in inequality and poverty. This Working Paper relates to the 2013 OECD Economic Survey of Japan (www.oecd.org/eco/surveys/japan) Finance and Investment Economics Japan Urasawa, Satoshi MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/5k46cvtkbf33-en Volltext |
| spellingShingle | Jones, Randall S.. Restoring Japan's Fiscal Sustainability Finance and Investment Economics Japan |
| title | Restoring Japan's Fiscal Sustainability |
| title_alt | Rétablir la viabilité des finances publiques au Japon |
| title_auth | Restoring Japan's Fiscal Sustainability |
| title_exact_search | Restoring Japan's Fiscal Sustainability |
| title_full | Restoring Japan's Fiscal Sustainability Randall S., Jones and Satoshi, Urasawa = Rétablir la viabilité des finances publiques au Japon / Randall S., Jones et Satoshi, Urasawa |
| title_fullStr | Restoring Japan's Fiscal Sustainability Randall S., Jones and Satoshi, Urasawa = Rétablir la viabilité des finances publiques au Japon / Randall S., Jones et Satoshi, Urasawa |
| title_full_unstemmed | Restoring Japan's Fiscal Sustainability Randall S., Jones and Satoshi, Urasawa = Rétablir la viabilité des finances publiques au Japon / Randall S., Jones et Satoshi, Urasawa |
| title_short | Restoring Japan's Fiscal Sustainability |
| title_sort | restoring japan s fiscal sustainability |
| topic | Finance and Investment Economics Japan |
| topic_facet | Finance and Investment Economics Japan |
| url | https://doi.org/10.1787/5k46cvtkbf33-en |
| work_keys_str_mv | AT jonesrandalls restoringjapansfiscalsustainability AT urasawasatoshi restoringjapansfiscalsustainability AT jonesrandalls retablirlaviabilitedesfinancespubliquesaujapon AT urasawasatoshi retablirlaviabilitedesfinancespubliquesaujapon |