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Rebuilding Ukraine
Ukraine's regional and municipal authorities will be key to reconstruction efforts

Pensions Outlook 2022
Maintaining pensions reform is vital, says OECD

REVENUE STATISTICS 2022
Tax revenues rebounded as economies recovered from COVID-19

ECONOMIC OUTLOOK
Headwinds persist for global economy as a result of Russia’s war of aggression

In focus

How are governments using tax policy to respond to the energy price shock?

Steep rises in energy prices may warrant an exceptional fiscal policy response to help cushion living standards and assist firms – ideally targeted at the most vulnerable while preserving some price incentives to reduce energy consumption.

Governments’ responses so far have largely focused on price control (USD 162bn, or 66% of total value of support) of which 6% is targeted; it also tends to support rather than curb demand. This contrasts with responses focusing on income support measures (USD 84bn, or 34% of the total value of support), of which 73% is targeted.

Split by type of fuel (chart 2), USD 169bn, or 69% of total value of support, is directed at fossil fuel use, and USD 77bn or 31% at non-fossil fuel use. 

> Learn more: Tax Policy Reforms 2022

 

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Spiking inflation triggered by Russia's war of aggression in Ukraine is weighing on the world economy. How should governments respond?

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What is social mobility? Why is it important? The OECD's Romina Boarini shares her insights on social mobility – and how the OECD is supporting governments.

» Explore all OECD PODCASTS

 

While modern democracies may have flaws, they guarantee freedoms we take for granted. The OECD's Elsa Pilichowski considers the challenges facing democracies today.

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