Fiscal Consolidation and the Implications of Social Spending for Long-Term Fiscal Sustainability
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Organización Internacional del Trabajo (OIT)
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| Format: | Artículo científico |
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International Labour Organization
2013
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| _version_ | 1874524919702749186 |
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| author | Rossana Merola Douglas Sutherland |
| author_facet | Rossana Merola Douglas Sutherland Rossana Merola Douglas Sutherland |
| contents | Fiscal Consolidation and the Implications of Social Spending for Long-Term Fiscal Sustainability Rossana Merola Douglas Sutherland This paper sheds light on the scale of fiscal consolidation that will be needed toensure long-term sustainability and on the potential benefits of institutional reforms inmitigating budget pressures of social spending. Based on alternative scenarios, resultssuggest that, in several OECD countries, the fiscal challenges are exacerbated in the longterm by spending pressures related to health and pensions. This paper shows howinstitutional reforms may support long-term fiscal sustainability and, at the same time,reduce adverse short-term effects of fiscal consolidation on growth. 10.5202/rei.v4i3.100 DOI https://doi.org/10.5202/rei.v4i3.100 publication.journalArticle |
| format | Artículo científico |
| id | ilo_995673156402676 |
| institution | Organización Internacional del Trabajo (OIT) |
| publishDate | 2013 |
| publisher | International Labour Organization |
| spellingShingle | Fiscal Consolidation and the Implications of Social Spending for Long-Term Fiscal Sustainability Rossana Merola Douglas Sutherland Fiscal Consolidation and the Implications of Social Spending for Long-Term Fiscal Sustainability Rossana Merola Douglas Sutherland This paper sheds light on the scale of fiscal consolidation that will be needed toensure long-term sustainability and on the potential benefits of institutional reforms inmitigating budget pressures of social spending. Based on alternative scenarios, resultssuggest that, in several OECD countries, the fiscal challenges are exacerbated in the longterm by spending pressures related to health and pensions. This paper shows howinstitutional reforms may support long-term fiscal sustainability and, at the same time,reduce adverse short-term effects of fiscal consolidation on growth. 10.5202/rei.v4i3.100 DOI https://doi.org/10.5202/rei.v4i3.100 publication.journalArticle |
| title | Fiscal Consolidation and the Implications of Social Spending for Long-Term Fiscal Sustainability |
| url | https://researchrepository.ilo.org/esploro/outputs/journalArticle/Fiscal-Consolidation-and-the-Implications-of/995673156402676 |