This report examines the federal budget outlook and evaluates alternative fiscal policy choices. Official projections of the federal budget surplus have declined dramatically in the past year. Adjusting these measures for the treatment of retirement trust funds, realistic estimates of future tax...

This paper examines the federal budget outlook and evaluates alternative fiscal policy choices. Official projections of the federal budget surplus have declined dramatically in the past year. Adjusting such measures for the treatment of retirement trust funds, realistic estimates of future tax...

This paper uses a recently developed technique, called "generational accounting," to assess New Zealand's long-term fiscal position. Generational accounting has become a popular alternative to traditional deficit accounting because it provides a more accurate picture of the intergenerational...

The realities of mounting government debt, tax burdens, and an aging population raise serious concerns about the financial legacy confronting future generations. How great a fiscal burden will current policies leave to subsequent generations, and how might changes in those policies alter the...