Large shifts in countries’ external current account positions can be disruptive, often reflecting sudden stops in the flows of external finance and leading to exchange rate and banking crises.
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This chapter discusses the size of current consolidation requirements and the pace at which budget positions should be strengthened in the context of a set of macroeconomic projections to 2025.
This publication on cutting red tape analyses how administrative simplification is used as a regulatory quality tool to review and reduce administrative and regulatory procedures.
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The 2009 report presents indicators of the development of the regulatory management systems used in OECD countries to improve the quality of regulation.
Turkey has considerably improved its terms of access to the global capital market. Progress in macroeconomic fundamentals has enhanced credibility and reduced risk premia and capital costs.
To the Public Governance Ministerial Meeting, Angel Gurría underlined that "Trust is a key intangible asset, necessary for the functioning of our market economies", that "Trust is also needed for governments to undertake the necessary reforms to restore long-term sustainable growth."
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The OECD Working Party of Senior Budget Officials (SBO) studies ways to help countries modernise their budget processes. This note highlights key institutional elements of a reformed budget process that can help minimise the extent of any future fiscal crisis.
Under the work programme with Middle East and North African countries (MENA), the third meeting of the OECD-MENA Senior Budget Officials network was held in Dubai, United Arab Emirates, 31 October-1 November 2010, hosted by the authorities of the United Arab Emirates
Plan Avanza, Spain’s national Information Society strategy, has helped it into the knowledge economy. This book identifies areas on which Spain should continue work.
The oil price hike in 2007-08 underlined the vulnerability of Indonesia’s energy subsidy policy to oil price volatility. In addition to entailing significant economic and environmental costs, energy subsidies put pressure on the public budget and benefit mostly rich households.