The Leading eBooks Store Online 4,353,660 members ⚫ 1,442,818 ebooks

New to

Learn more

Ensuring Fiscal Sustainability in G-7 Countries

Ensuring Fiscal Sustainability in G-7 Countries by Daniel Leigh
Buy this eBook
US$ 9.00
(If any tax is payable it will be calculated and shown at checkout.)
Rising longevity, falling fertility rates, and the retirement of the baby boom generation will substantially raise age-related government spending in most advanced and many emerging market countries. This paper assesses the evolution of fiscal sustainability for each of the G-7 countries using two standard primary gap indicators. The estimated fiscal adjustment required to ensure long-run fiscal sustainability is substantial for all G-7 countries. In particular, ensuring fiscal sustainability would require an average improvement in the primary balance of about 4 percentage points of GDP. While the overall adjustment required to achieve long-run fiscal sustainability in G-7 countries is large, there are significant growth benefits to putting public finances on a sustainable footing in the near term versus delayed adjustment.
International Monetary Fund; July 2007
29 pages; ISBN 9781452763231
Read online, or download in secure EPUB or secure PDF format
Title: Ensuring Fiscal Sustainability in G-7 Countries
Author: Daniel Leigh; David Hauner; Michael Skaarup