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Strategies for Fiscal Consolidation in the Post-Crisis World

Mr.Mauricio VillafuerteMs.Cemile SancakJan GottschalkS. M. Ali AbbasOlivier BasdevantRicardo VellosoFuad HasanovGreetje EveraertStephanie EbleJunhyung Park

出版	International Monetary Fund, 2010-09-17
主題	Business & Economics / Public FinanceBusiness & Economics / Economics / Macroeconomics
ISBN	15890693749781589069374
URL	http://books.google.com.hk/books?id=2rcaEAAAQBAJ&hl=&source=gbs_api
EBook	SAMPLE

註釋

In response to the global financial crisis, governments provided substantial support to the financial and other key sectors. Although this cushioned the adverse effects of the crisis, it is necessary now to articulate a strategy to ensure the sustainability of public finances. This paper discusses the scale and composition of fiscal adjustment that will need to occur once the recovery is securely under way. Although specific country-level circumstances will influence the composition of the adjustment and its political feasibility, in many cases restoring fiscal sustainability will require reforms to reduce spending and increase tax revenue.