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The fiscal stimulus of almost $10b over four years will result in an extra 10,000 jobs in the short run, but it will reduce future consumption by $160 per person per year. We can spend now, but we have to pay for it eventually. The Government faces a real juggling act in its forthcoming Budget...
Persistent link: https://www.econbiz.de/10009363981
The paper reviews Indias macroeconomic performance and policies since 2000. The first section briefly summarizes key macroeconomic developments regarding economic growth, inflation, external balance, the fiscal situation and aggregate savings and investment. The second section considers some of...
Persistent link: https://www.econbiz.de/10009363919
. The discussion also illustrates the significant overlap of taxation powers and expenditure responsibilities across the …This paper provides a general overview of the allocation of revenues and expenditures across levels of governments in … decentralization of the Canadian federation, reflected through the rising importance of provincial revenues and expenditures in the …
Persistent link: https://www.econbiz.de/10009363323
This paper provides an evaluation of the long-term fiscal sustainability of advanced economies, based on current estimates of these economies’ current-policy fiscal trajectories. As will be quite evident, for many countries short-term fiscal measures, such as the debt-GDP ratio and the...
Persistent link: https://www.econbiz.de/10011277985
This paper provides an evaluation of the long-term fiscal sustainability of advanced economies, based on current estimates of these economies’ current-policy fiscal trajectories. As will be quite evident, for many countries short-term fiscal measures, such as the debt-GDP ratio and the...
Persistent link: https://www.econbiz.de/10011278191
This paper examines fiscal policy issues in the Republic of Korea (hereafter Korea) after the 2009 global financial crisis, including the timing of fiscal policy responses, the effectiveness of expansionary measures, and the long-term implications for government debt. In order to evaluate more...
Persistent link: https://www.econbiz.de/10009363970
generation and expenditure responsibilities of the constituent ULBs. Second, to assess the magnitudes of their fiscal gaps by … estimating the expenditure needs and revenue capacities and give some useful recommendations to reduce these gaps. Data on ULB … finances for the financial year 2004-05 collected through surveys are used for the analysis. For estimation of expenditure …
Persistent link: https://www.econbiz.de/10009365295
East Asian countries were seriously affected by the 2008 global crisis through a steep fall in exports. This experience exposed the vulnerability of the East Asian growth model and emphasized the importance of generating regional growth by expanding domestic demand and enlarging intra-regional...
Persistent link: https://www.econbiz.de/10009363952
Till date,conceptualisation of poverty in Bangladesh’s policy making is limited to income/consumption poverty where a rise or fall of income/consumption above or below a pre-defined poverty line determines changes in poverty. To identify the budgetary and fiscal measures which can be...
Persistent link: https://www.econbiz.de/10009493301
The national budget for the fiscal year 2009-2010 will be an important event on a number of counts, particularly in the current national and global contexts. From the national perspective, it will be the first one by the newly-elected government. Arguably, it will be inspired by the election...
Persistent link: https://www.econbiz.de/10009493302