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. First of all, subnational government deficit figures are scrutinised and one of the questions asked is the extent to which … the financial crisis affected deficit figures. In the next section, the change in government debt is examined as a … comparison with the deficit figures could provide further information on the financing of subnational government deficits. The …
Persistent link: https://www.econbiz.de/10013540742
Japan’s gross government debt of 226% of GDP in 2018 is the highest ever recorded in the OECD area, and places the economy at risk. The government now aims to achieve a primary surplus by FY 2025. Additional fiscal consolidation, based on a detailed plan covering specific spending cuts and tax...
Persistent link: https://www.econbiz.de/10012111109
This paper provides a first assessment of the fiscal and distributional consequences of the ongoing structural changes in the labour markets of EU Member States, mostly driven by technological progress and ageing. Cedefop 2020 Skill forecasts, EUROSTAT population projections and the forecast on...
Persistent link: https://www.econbiz.de/10013168190
This paper was prepared in support of Japan’s G20 Presidency. It takes stock of ongoing and projected population ageing across G20 economies and its far-reaching implications for economic growth, productivity, inequality within and between generations and the sustainability of public finances....
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The euro area sovereign debt crisis has highlighted the importance of reducing public debt levels and building up sufficient fiscal buffers during normal and good times. It has also reaffirmed the need for a thorough debt sustainability analysis (DSA) to act as a warning system for national...
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