support sustainable growth. Since export diversification takes a long time, it has to start now. We argue that the failure to …

With fiscal adjustment proceeding quickly in Bulgaria and given the weak economic growth environment, there is keen … interest in making the budget composition more growth friendly. This paper quantifies the short-term impact of fiscal policy on … financed by higher indirect tax revenue collections through base broadening has sizeable growth effects over the medium and …

stimulus, contributed to rapid economic recovery in the ASEAN-5. As growth rebounds, these economies are beginning to identify …, communicate and implement their strategies for unwinding the fiscal stimulus while addressing long-term growth challenges. In this … investment, could help address long-term growth challenges, while easing the burden on fiscal policy. …

to higher economic growth depending on the form of financing; young generations benefit most from social spending … expenditure composition; and improving the productivity of fiscal expenditure is both growth and welfare enhancing. …

enable these countries to reach the Millennium Development Goals. …

adjustment required to achieve long-run fiscal sustainability in G-7 countries is large, there are significant growth benefits to …