In recent years, India has enjoyed one of the highest growth rates worldwide, weathering the global financial crisis better than many other countries.
The Estonian fiscal position is much better than in many OECD countries, the country stands out for having a rather lean government sector and the authorities are striving for efficient use of existing resources.
The Croation Ministry of Finance hosted the 7th annual meeting of OECD-CESEE Senior Budget Officials. Topics included budget reviews of Ukraine and Montenegro.
Two back to back events were organised in Jerusalem on 28-30 June 2011 – a two-day Israel-OECD Conference “Cutting Bureaucracy: Regulation and Services” and a one-day workshop at the technical level on “Improving the Design and Evaluation of Regulation and the use of Regulatory Impact Analysis”.
The nearly 60 indicators available in this second edition compare the political and institutional frameworks of government across OECD countries as well as government revenues and expenditures, employment, and compensation.
The Luxembourg Ministry of Finance hosted the 32nd annual meeting of OECD Senior Budget Officials. Main topics included an overview of the Luxembourg budgeting system and consolidation plans to restore public finances in OECD countries.
Sub-central tax competition is the strategic interaction of tax policy between jurisdictions with the objective to attract and retain mobile tax bases.
This paper develops a method for adjusting structural budget balances for asset price cycles and presents estimates of structural budget balances corrected for house-price and equity-price cycles for OECD countries.
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The recovery is projected to strengthen in the near term, but there are concerns about the longer-term legacy of the crisis, particularly because of the emergence of unsustainable fiscal imbalances as well as the possible damage to long-term growth prospects.
These country notes detail the fiscal situation to date (2011), the consolidation needs, and the commitments and intentions of governments in 30 OECD countries in the aftermath of the economic crisis.