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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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03-May-2012
Three main approaches can be used to assess infrastructure performance. The first employs macro econometric techniques to estimate the impact of the existing infrastructure capital stock on growth and to infer its growth maximising level.
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03-May-2012
Economic growth is projected to be strengthening from mid-2011 onwards, but will be insufficient to restore the sustainability of public finances. The Belgian strategy to prefund ageing costs by generating fiscal surpluses to bring down public debt was derailed by the global crisis.
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28-Mar-2012
Lowering the deficit will help to limit price pressures, keep external debt under control and enhance fiscal credibility, all of which will alleviate contagion risks. Measures should focus on: cutting tax expenditures, reforming the farmers’ social security system, and removing pension privileges.
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27-Mar-2012
The public finances in most countries face unsustainable debt burdens and a prolonged period of fiscal consolidation is necessary, Fiscal institutions at the EU level are being upgraded and need to be effectively implemented. Further progress is needed in upgrading national fiscal institutions, including by setting up independant fiscal councils.
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