Fiscal reforms that work /:
Budget deficits (the yearly excess of government expenditures over revenues) and government debt (the deficits accumulated over the years) have soared in many industrial countries over the past 20 years, and almost all these countries are now faced with the challenge of bringing them back to earth....
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Körperschaft: | |
| Weitere Verfasser: | , , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C. :
International Monetary Fund,
©1996.
|
| Schriftenreihe: | Economic issues ;
4. |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Budget deficits (the yearly excess of government expenditures over revenues) and government debt (the deficits accumulated over the years) have soared in many industrial countries over the past 20 years, and almost all these countries are now faced with the challenge of bringing them back to earth. The present very serious problem of budget deficits and public debt has come about mainly because the growth in government spending has exceeded the growth of goods and services and has left groth in revenues trailing far behind. While the average ratio of tax revenue to GDP in industrial countries increased from 28 percent in 1966 to 44 percent in 1994 (the value of 44 percent of everything produced in one year in these countries went to taxes and fees), the corresponding ratio for government expenditures rose from 28 percent to 50 percent (the government spent the equivalent of half the value of all goods and services produced in a year). Given the high levels to which taxes have risen and the danger of stifling growth by raisin taxes further, to say nothing of the political consequences of trying to do so, it is reasonable to suppose that reducing government spending offers the best means, if not only means, of eliminating these fiscal imbalances. |
| Beschreibung: | "Draws on material originally contained in IMF Working Paper 96/59, 'An empirical analysis of fiscal adjustments', by C. John McDermott and Robert F. Wescott of the Fund's Research Dept ... This material is refined for the general readership by editing and partial redrafting ... It has been prepared by David C. Driscoll of the Fund's External Relations Dept." "December 1996"--Title page verso |
| Beschreibung: | 1 online resource (iii, 12 pages) |
| ISBN: | 9781455233533 1455233536 |
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| 500 | |a "December 1996"--Title page verso | ||
| 520 | 0 | |a Budget deficits (the yearly excess of government expenditures over revenues) and government debt (the deficits accumulated over the years) have soared in many industrial countries over the past 20 years, and almost all these countries are now faced with the challenge of bringing them back to earth. The present very serious problem of budget deficits and public debt has come about mainly because the growth in government spending has exceeded the growth of goods and services and has left groth in revenues trailing far behind. While the average ratio of tax revenue to GDP in industrial countries increased from 28 percent in 1966 to 44 percent in 1994 (the value of 44 percent of everything produced in one year in these countries went to taxes and fees), the corresponding ratio for government expenditures rose from 28 percent to 50 percent (the government spent the equivalent of half the value of all goods and services produced in a year). Given the high levels to which taxes have risen and the danger of stifling growth by raisin taxes further, to say nothing of the political consequences of trying to do so, it is reasonable to suppose that reducing government spending offers the best means, if not only means, of eliminating these fiscal imbalances. | |
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| indexdate | 2024-11-27T13:18:22Z |
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| spelling | McDermott, C. John. Fiscal reforms that work / C. John McDermott, Robert F. Wescott. Washington, D.C. : International Monetary Fund, ©1996. 1 online resource (iii, 12 pages) text txt rdacontent computer c rdamedia online resource cr rdacarrier Economic issues ; 4 "Draws on material originally contained in IMF Working Paper 96/59, 'An empirical analysis of fiscal adjustments', by C. John McDermott and Robert F. Wescott of the Fund's Research Dept ... This material is refined for the general readership by editing and partial redrafting ... It has been prepared by David C. Driscoll of the Fund's External Relations Dept." "December 1996"--Title page verso Budget deficits (the yearly excess of government expenditures over revenues) and government debt (the deficits accumulated over the years) have soared in many industrial countries over the past 20 years, and almost all these countries are now faced with the challenge of bringing them back to earth. The present very serious problem of budget deficits and public debt has come about mainly because the growth in government spending has exceeded the growth of goods and services and has left groth in revenues trailing far behind. While the average ratio of tax revenue to GDP in industrial countries increased from 28 percent in 1966 to 44 percent in 1994 (the value of 44 percent of everything produced in one year in these countries went to taxes and fees), the corresponding ratio for government expenditures rose from 28 percent to 50 percent (the government spent the equivalent of half the value of all goods and services produced in a year). Given the high levels to which taxes have risen and the danger of stifling growth by raisin taxes further, to say nothing of the political consequences of trying to do so, it is reasonable to suppose that reducing government spending offers the best means, if not only means, of eliminating these fiscal imbalances. Print version record. Fiscal policy. http://id.loc.gov/authorities/subjects/sh85048601 Government spending policy. http://id.loc.gov/authorities/subjects/sh85056108 Debts, Public. http://id.loc.gov/authorities/subjects/sh85036141 Taxation. http://id.loc.gov/authorities/subjects/sh85132846 Taxes https://id.nlm.nih.gov/mesh/D013660 Politique fiscale. Dépenses publiques Politique gouvernementale. Dettes publiques. Impôt. BUSINESS & ECONOMICS Public Finance. bisacsh Debts, Public fast Fiscal policy fast Government spending policy fast Taxation fast Débito fiscal. larpcal Política fiscal. larpcal Taxas. larpcal Politique des dépenses publiques. ram Dettes publiques. ram imposition. ram Politique fiscale. ram Wescott, Robert F. Driscoll, David D. McDermott, John C. Empirical analysis of fiscal adjustments. International Monetary Fund. http://id.loc.gov/authorities/names/n81052755 Print version: McDermott, C. John. Fiscal reforms that work. Washington, D.C. : International Monetary Fund, ©1996 1557756244 (OCoLC)36215797 Economic issues ; 4. FWS01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=449573 Volltext |
| spellingShingle | McDermott, C. John Fiscal reforms that work / Economic issues ; Fiscal policy. http://id.loc.gov/authorities/subjects/sh85048601 Government spending policy. http://id.loc.gov/authorities/subjects/sh85056108 Debts, Public. http://id.loc.gov/authorities/subjects/sh85036141 Taxation. http://id.loc.gov/authorities/subjects/sh85132846 Taxes https://id.nlm.nih.gov/mesh/D013660 Politique fiscale. Dépenses publiques Politique gouvernementale. Dettes publiques. Impôt. BUSINESS & ECONOMICS Public Finance. bisacsh Debts, Public fast Fiscal policy fast Government spending policy fast Taxation fast Débito fiscal. larpcal Política fiscal. larpcal Taxas. larpcal Politique des dépenses publiques. ram Dettes publiques. ram imposition. ram Politique fiscale. ram |
| subject_GND | http://id.loc.gov/authorities/subjects/sh85048601 http://id.loc.gov/authorities/subjects/sh85056108 http://id.loc.gov/authorities/subjects/sh85036141 http://id.loc.gov/authorities/subjects/sh85132846 https://id.nlm.nih.gov/mesh/D013660 |
| title | Fiscal reforms that work / |
| title_alt | Empirical analysis of fiscal adjustments. |
| title_auth | Fiscal reforms that work / |
| title_exact_search | Fiscal reforms that work / |
| title_full | Fiscal reforms that work / C. John McDermott, Robert F. Wescott. |
| title_fullStr | Fiscal reforms that work / C. John McDermott, Robert F. Wescott. |
| title_full_unstemmed | Fiscal reforms that work / C. John McDermott, Robert F. Wescott. |
| title_short | Fiscal reforms that work / |
| title_sort | fiscal reforms that work |
| topic | Fiscal policy. http://id.loc.gov/authorities/subjects/sh85048601 Government spending policy. http://id.loc.gov/authorities/subjects/sh85056108 Debts, Public. http://id.loc.gov/authorities/subjects/sh85036141 Taxation. http://id.loc.gov/authorities/subjects/sh85132846 Taxes https://id.nlm.nih.gov/mesh/D013660 Politique fiscale. Dépenses publiques Politique gouvernementale. Dettes publiques. Impôt. BUSINESS & ECONOMICS Public Finance. bisacsh Debts, Public fast Fiscal policy fast Government spending policy fast Taxation fast Débito fiscal. larpcal Política fiscal. larpcal Taxas. larpcal Politique des dépenses publiques. ram Dettes publiques. ram imposition. ram Politique fiscale. ram |
| topic_facet | Fiscal policy. Government spending policy. Debts, Public. Taxation. Taxes Politique fiscale. Dépenses publiques Politique gouvernementale. Dettes publiques. Impôt. BUSINESS & ECONOMICS Public Finance. Debts, Public Fiscal policy Government spending policy Taxation Débito fiscal. Política fiscal. Taxas. Politique des dépenses publiques. imposition. |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=449573 |
| work_keys_str_mv | AT mcdermottcjohn fiscalreformsthatwork AT wescottrobertf fiscalreformsthatwork AT driscolldavidd fiscalreformsthatwork AT mcdermottjohnc fiscalreformsthatwork AT internationalmonetaryfund fiscalreformsthatwork |