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Characterizing the Expenditure Uncertainties of Industrial Countries in the 21st Century [electronic resource] Heller, Peter S..

Author/Creator:
Heller, Peter S.
Publication:
Washington, D.C. : International Monetary Fund, 2005.
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 05/91.
IMF Working Papers; Working Paper No. 05/91
Format/Description:
Government document
Book
1 online resource (34 p.)
Local subjects:
Aging.
Annual budgets.
Budget balance.
Budget position.
Central government expenditure.
Central government expenditures.
Classification of expenditures.
Debt service.
Defense spending.
Developed countries.
Expenditure.
Expenditure adjustment.
Expenditure adjustments.
Expenditure categories.
Expenditure classification.
Expenditure commitments.
Expenditure cuts.
Expenditure forecasts.
Expenditure framework.
Expenditure functions.
Expenditure growth.
Expenditure increases.
Expenditure plans.
Expenditure policy.
Expenditure projections.
Expenditure ratio.
Expenditure ratios.
Expenditure reduction.
Expenditure shares.
Expenditures.
Fiscal adjustment.
Fiscal adjustments.
Fiscal affairs.
Fiscal affairs department.
Fiscal balance.
Fiscal consolidations.
Fiscal discipline.
Fiscal forecasts.
Fiscal frameworks.
Fiscal implications.
Fiscal planning.
Fiscal plans.
Fiscal policy.
Fiscal policy adjustments.
Fiscal policy framework.
Fiscal policy frameworks.
Fiscal position.
Fiscal projections.
Fiscal reforms.
Fiscal risk.
Fiscal space.
Fiscal structure.
Fiscal sustainability.
Fiscal sustainability analysis.
Fiscally sustainable.
General government expenditure.
Government budgets.
Government expenditure.
Government expenditures.
Government revenue.
Government spending.
Health expenditure.
Impact of public spending.
Intergovernmental transfers.
Level of expenditures.
Long-term expenditure.
Medium-term fiscal projections.
National budget.
Primary balance ratio.
Primary expenditure.
Public debt.
Public expenditure.
Public expenditures.
Public finance.
Public finances.
Public sector wage bill.
Public spending.
Sectoral expenditure.
Structural expenditure.
Tax burden.
Tax rates.
Tax ratio.
Tax ratios.
Tax revenue.
Taxation.
Total expenditure.
Australia.
Austria.
Belgium.
Canada.
Denmark.
France.
Germany.
Grenada.
Italy.
Japan.
Spain.
Sweden.
United Kingdom.
United States.
Summary:
A number of uncertainties about long-term expenditure commitments in industrial countries are examined: (i) the assumptions underlying the projections, (ii) the potential to further reduce non-age-related expenditures, (iii) the implicitly assumed absence of ""shocks,"" and (iv) the potential for raising revenue. This paper concludes that (i) there is scope, but within narrow limits, to reduce non-age-related expenditures; (ii) fiscal policy frameworks tend to understate risks; and (iii) prevailing tax rates leave little room for increasing taxation in the countries facing the strongest aging pressures. In sum, governments will have to adopt a much more ambitious fiscal policy stance to cope with aging populations.
Notes:
Description based on print version record.
Contributor:
Hauner, David.
Heller, Peter S.
Other format:
Print Version:
ISBN:
1451861109:
9781451861105
ISSN:
1018-5941
Publisher Number:
10.5089/9781451861105.001
Access Restriction:
Restricted for use by site license.
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