Germany; 2006 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Germany

The three-point VAT increase is part of a package in which unemployment payroll taxes will be reduced. Risks to the recovery are balanced but the range of forecasts for 2007 is unusually wide. The priority for Germany is to transmit its external strength to the domestic economy, thus further broadening the recovery and creating conditions for sustained high growth. The authorities are undertaking a review of active labor market policies (ALMPs) with a view to curtailing their number.

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Year of publication:	2006-12-14
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Article IV consultations \| Economic growth \| Staff Reports \| unemployment \| aging \| entitlement \| fiscal balance \| fiscal deficit \| fiscal model \| tax reform \| fiscal consolidation \| fiscal sustainability \| social security \| unemployment rate \| tax rates \| welfare state \| fiscal plans \| structural adjustment \| entitlement programs \| fiscal adjustment \| social welfare \| unemployment insurance \| fiscal pressures \| primary expenditure \| elderly \| welfare system \| social benefits \| fiscal costs \| fiscal policies \| welfare programs \| entitlements \| fiscal scenarios \| tax reforms \| unemployment benefits \| expenditure cuts \| public debt \| public finances \| budgetary funds \| fiscal outlook \| negotiations \| structural fiscal \| social welfare programs \| bargaining \| fiscal reporting \| budget consolidation \| fiscal risks \| debt service \| tax base \| fiscal measures \| government revenue \| expenditure restraint \| fiscal deficits \| budget constraint \| welfare recipients \| general government expenditure \| welfare costs \| tax revenues \| fiscal expenditure \| fiscal projections \| government expenditure \| labor welfare \| dependency \| income transfers \| fiscal federalism \| fiscal reforms \| fiscal solvency \| tax revenue \| fiscal objectives \| taxation \| fiscal scenario \| future fiscal deficits \| fiscal developments \| tax bases \| fiscal policy \| tax incentives \| fiscal pressure \| fiscal constraints \| tax policy \| fiscal analysis

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 06/438 7 pages long
Source:	RePEc - Research Papers in Economics

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