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This study analyses financial sustainability of the Finnish public sector. Current tax rates are unlikely to yield sufficient tax revenue for financing public expenditure under an ageing population. In the base alternative we assume that the European crisis does not worsen and that productivity...
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number of old people. The higher initial public debt increases the vulnerability of the public finances to economic and …
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conclusion is that the new rules should emphasize the long-term debt sustainability target more clearly, while at the same time …
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, the government is likely to compensate the shortage of tax revenues with debt. The aim of this research is to study the … existing economic research, public debt crowds out private investment slowing down both economic and productivity growth. Our … statistical analysis suggests that public debt crowds out private investment and hampers economic growth in Finland, as the share …
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number of old people. The higher initial public debt increases the vulnerability of the public finances to economic and …
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