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Strategies for Countries with Favourable Fiscal Positions
Price, Robert; Joumard, Isabelle; André, Christophe; … - 2008
The financial crisis and economic downturn are going to weigh on fiscal positions in OECD countries over the short to medium-term, both through the operation of automatic stabilisers and the enactment of discretionary fiscal stimulus packages. However, the strategic policy options facing OECD...
Persistent link: https://www.econbiz.de/10012446857
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Public debt in India : moving towards a prudent level?
Joumard, Isabelle; Höller, Peter; Fournier, Jean-Marc; … - 2017
In relation to GDP, India's public debt and interest payments are high compared with most other emerging economies and … rating agencies have put India's sovereign debt at the lowest investment grade. On the other hand, India benefits from strong … needs of its fast-growing population. This paper assesses recent fiscal developments in India, discusses the threshold …
Persistent link: https://www.econbiz.de/10011700551
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Fiscal Rules for Sub-central Governments : Design and Impact
Sutherland, Douglas - 2005
Against a background of mounting demands for spending on services provided by sub-central governments, this paper examines how fiscal rules can help to ensure that pressure on resources is minimised and available resources are used efficiently. Drawing on questionnaire responses and other...
Persistent link: https://www.econbiz.de/10012445608
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Revenue Buoyancy and its Fiscal Policy Implications
Joumard, Isabelle - 2008
Tax receipts surged between 2005 and 2007 in many OECD countries, resulting in significant improvements in headline fiscal positions. As a consequence, pressures for tax cuts and for public spending increases have emerged. In the past, responding to such demands has permanently weakened budget...
Persistent link: https://www.econbiz.de/10012446934
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Fiscal rules for sub-central governments : Design and impact
Sutherland, Douglas - 2018
Against a background of mounting demands for spending on services provided by sub-central governments, this paper examines how fiscal rules can help to ensure that pressure on resources is minimised and available resources are used efficiently. Drawing on questionnaire responses and other...
Persistent link: https://www.econbiz.de/10012454335