Monitoring progress towards meeting the Paris Agreement requires improving the tracking and measurement of public climate expenditure, investment, and revenues. This OECD working paper was prepared as part of the joint OECD-European Commission project on “Financing Climate Action in Regions...

We seek to understand how Laffer curves differ across countries in the US and the EU-14, thereby providing insights into fiscal limits for government spending and the service of sovereign debt. As an application, we analyze the consequences for the permanent sustainability of current debt...

Based on a sample of 56 countries, we find that while fiscal policy in the G-7 countries appears to be broadly consistent with Barro's tax smoothing proposition, in developing countries government spending and taxes are highly procyclical (i.e., government spending rises and taxes fall during...

Since the last update in April 2021, recovery measures with positive impacts on the environment have increased significantly, both in terms of number and budget. However spending on environmentally positive measures still represents only 21% of total COVID-19 recovery spending (up from 17%) with...

As the pandemic hit, governments asked legislatures to set aside or modify established budget practices and adopt solutions to expedite emergency responses. At the same time COVID-19 presented serious operational challenges for legislatures. They responded with creative solutions for swift...

The OECD Principles for Private Sector Participation in Infrastructure aim to help governments work with private-sector partners to finance and bring to fruition infrastructure projects in areas of vital economic importance, such as transport, water and power supply and telecommunications. These...

Public expenditure control has become a central element of economic policy in many countries. This report analyses budget practices and some recent innovations from the point of view of senior public servants in the central budget offices of nineteen OECD Member countries. It also summarises the...