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Two objectives of budgetary policy are an efficient allocation of resources subject to a fair distribution of income and a stable macroeconomic environment. The OECD pursues empirical analysis to underpin budgetary policy recommendations in both these areas.
Permanent URL: www.oecd.org/eco/public_finance
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09-Feb-2012
This paper studies the impact of recent changes in second pension pillars of three Central and Eastern European Countries on the deficit and implicit debt of their full pension systems.
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07-Feb-2012
While the budget deficit is small, current fiscal plans are not ambitious enough to deal with future fiscal challenges related to an ageing population. Increases in the retirement age and tightening early retirement schemes would – together with labour market reforms – address these challenges.
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26-Jan-2012
Denmark stands out as a country with sound public finances. However, a better control of public expenditure would help to ensure long-term fiscal sustainability without raising the already high tax burden, which acts as a drag on economic growth.
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23-Jan-2012
Less income inequality and more growth - can both be achived? A recent OECD study sheds new light on the link between policies that boost growth and the distribution of income.
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23-Jan-2012
Macroeconomic crises and shocks often cause large and unforeseen income and employment losses. Such losses tend to be unevenly spread across the population, often with the greatest impact on the poor and most vulnerable sections of society.
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