Koutsogeorgopoulou, Vassiliki; Turner, David - Economics Department, Organisation de Coopération et … - 2007
level of government debt, favourable outlook for output growth, and long-term fiscal costs of ageing which are estimated to … the prospective ageing-related increase in public expenditure, although the government is expected to announce reforms … needed pension reform, would have substantial longer-term costs in terms of higher taxes and additional debt service costs …
