Revenue/Expenditure Policies (FAD)

From stimulus to consolidation: revenue and expenditure policies in advanced and emerging economies, by Fiscal Affairs Deparment / IMF (in 30/04/2010). This paper seeks to identify policy tools that could be used for fircal consolidation in advanced and emerging countries in the wake of the global financial crisis. Its starting point is the analysis in the recent Boards papers…which showed that on current trends, general governments debt in advanced countries would rise 36 percentage points of GDP during 2007-14, and that age-related spending (health and pension) would rise rapidly later, further adding to fiscal pressures.