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News & Events
News
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25-Apr-2008
A reform package enacted in 2007 introduced notably flat tax in personal incomes and fees for certain medical services. This chapter takes stock of the package and the many further plans aimed at addressing long term fiscal sustainability.
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21-Apr-2008
Compliance with the structural budget surplus rule, which has been in place since 2001, has allowed the government to maintain a counter cyclical fiscal stance in an environment of rising copper prices, while delivering a gradual reduction in public indebtedness. Monetary policy is conducted within a framework that combines inflation targeting with exchange rate flexibility. This paper relates to the 2007 Economic Survey of Chile (www.oecd.org/eco/surveys/chile).
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17-Apr-2008
While Chile’s tax system is not particularly burdensome to business formality, there is scope for making product-market regulations less onerous to firms and the labour code more flexible, especially with regards to indefinite contracts and the allocation of working time. Low human capital remains an important obstacle to reducing labour informality. To the extent that informal businesses also hire informally, there is some room for designing policies to tackle business informality in conjunction with those aimed at boosting formal labour contracting.
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16-Apr-2008
After many years of sustained growth, the housing market has slowed: house prices are falling and there has been a sharp reduction in the number of new homes being built. The exceptional rise in property values in recent years was largely driven by higher income and demographics, but did appear to overshoot the sustainable level. House prices may ease further and could even fall below their long-run value. Residential investment is experiencing a sharp slowdown. This will have some effect on wider economic activity.
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16-Apr-2008
Softening economic growth and the slowdown in the housing market mark a turning point for fiscal policy. Strong revenue growth in earlier years financed a sustained expansion of government spending and some cuts in tax rates, while still allowing the government to run a substantial fiscal surplus. This left the public finances in a healthy state with net government debt declining to a very low level. But this benign picture is changing as growth slows and tax receipts increase more slowly. Public spending growth needs to slow.
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16-Apr-2008
This paper develops a differential game of tax avoidance by modelling the interactions between a taxpayer and the tax authority. This framework is particularly useful for explicitly modelling situations of conflict. The solution to the game is a non co operative Nash that depends on the resources that need to be used by the tax authority to enforce legislation and the cost to be borne by the taxpayer in tax compliance, provided that the curvature of the utility functions is bounded.
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16-Apr-2008
The Chilean authorities plan to raise budgetary allocations over the medium term for a variety of social programmes, including education, health care and housing. This incremental spending will need to be carried out in a cost efficient manner to make sure that it yields commensurate improvements in social outcomes. Chile’s health indicators show that it fares relatively well in relation to comparator countries in the OECD area and in Latin America.
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15-Apr-2008
Tight budgets and demanding citizens put governments under increasing pressure to show that they are providing good value for money. Providing information about public sector performance can satisfy the public's need to know, and could also be a useful tool for governments to evaluate their performance. This Policy Brief looks at the challenges governments face in using performance information to make the budget process more efficient and offers some guidelines to assist in the process. The Policy Brief complements the OECD publication, Performance Budgeting in OECD Countries.
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10-Apr-2008
"Reforms for Stability and Sustainable Growth: an OECD Perspective on Hungary" emphasises the need to persevere in the ongoing programme of fiscal consolidation and to forge ahead with structural reforms for Hungary to resume the process of catching up with the better performing OECD countries.
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09-Apr-2008
Government finances have improved significantly over the past years on account of both cyclically higher revenues and structural expenditure restraint. In order to preserve these achievements for the longer term, the government should consider replacing the fiscal rule currently enshrined in the constitution, which has proved to be ineffective in preventing an increase in the debt level. Safeguarding future tax receipts is also a challenge and the implemented corporate tax reform will be helpful in this respect.
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Events
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from 06-Mar-2008 to 07-Mar-2008
The OECD and the Dutch Ministry of the Interior and Kingdom Relations organised this conference on the Future of E-Government, on 6-7 March 2008 in The Hague. The conference was chaired by Mr. William Perrin, director e-Government Unit, United Kingdom. The conference was opened with an address by Ms Ank Bijleveld-Schouten, State Secretary, Ministry of the Interior and Kingdom Relations, the Netherlands. Participants included 68 delegates from member and non-member countries and others. Please visit the conference website for more information
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from 17-Apr-2008 to 19-Apr-2008
Should central government leave economic and employment development to local policy makers? Employment ministers from OECD countries, including Finland, Italy, Turkey, the United Kingdom and the United States, will address such questions at a conference in Venice, Italy, from 17-19 April 2008.
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on 12-Mar-2008
Eygpt's Minister of State for Administrative Development, Dr. Ahmed Darwish, will hold a press briefing at 5 p.m. on Wednesday 12 March, ahead of his address to the OECD Council on the state of Eygpt's economic and public sector reforms.
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from 21-Feb-2008 to 22-Feb-2008
A two-day seminar entitled "Public-private Partnerships: Affordability, Value for Money and the PPP Process" was held in Zürich, Switzerland, 21-22 February 2008. The overall focus was on sharing practical experience of how countries organise the PPP process and handle the often complex issues that governments face when using PPPs. Particular issues included affordability, risk sharing, value for money, budgeting and accounting for PPPs, and the institutional and regulatory aspects.
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from 10-Jan-2008 to 11-Jan-2008
The 5th Annual Meeting of OECD-Asian Senior Budget Officials, hosted by the Bureau of the Budget of Thailand, took place in Bangkok on 10-11 January 2008.
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from 30-Oct-2007 to 31-Oct-2007
This seminar discussed evaluation for budgeting of public policies that are performed under public-private collaboration. The seminar was jointly organised by the OECD and the Spanish Secretariat of State for Finance and Budgeting, the General Control of State Administration, the Secretariat General of Budget and Expenditure, and the Direction General of Budgets.
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on 10-Nov-2007
At an international roundtable meeting in Beijing, senior officials of the Chinese Central Leading Group for Financial and Economic Affairs and of Chongqing Municipality, as well as experts from the German GTZ exchanged views with the OECD Territorial Development Policy Committee. This third roundtable in China, which took place on 10 November 2007, dealt with the development strategy of Chongqing, one of China’s four provincial-level municipalities and an economic centre for the development of the country’s west. Participants also discussed an OECD paper on Chongqing's development strategy.
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on 05-Sep-2007
Jordan’s Legislative Strengthening Program (SUNY) and the Parliamentary Budget Office jointly organised a study visit to the OECD of Members of the Jordanian Parliament. At this occasion, Mr. Barry Anderson, Head of the Budgeting and Public Expenditures Division, OECD made a presentation on the experiences with legislative budget offices.
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from 07-Jun-2007 to 08-Jun-2007
This Special Session on Lobbying brought together for the first time at the international level top officials from executive and legislative branches in charge of legislation and policy on lobbying.
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