From stimulus to consolidation : revenue and expenditure policies in advanced and emerging economies / a staff team led by Benedict Clements, Victory Perry, and Juan Toro.

Format:

Book

Government document

Contributor:

Clements, Benedict J.

Perry, Victoria J.

Toro, Juan.

International Monetary Fund. Fiscal Affairs Department.

Language:

English

Subjects (All):

Expenditures, Public.

Government spending policy.

Revenue.

Taxation.

Physical Description:

122 pages ; 28 cm

Place of Publication:

[Washington, D.C.] : International Monetary Fund, [2010]

Summary:

This paper identifies policy tools that could be used for fiscal consolidation in advanced and emerging economies in the years ahead. The consolidation strategy, particularly in advanced countries, should aim to stabilize age-related spending in relation to GDP, reduce non-age-related expenditure ratios, and increase revenues. Bold reforms are needed to offset projected increases in age-related spending, particularly health care. On the revenue side, measures could include improving tax compliance, for example through better international cooperation, as well as increasing the yield from VAT by eliminating exemptions and reduced rates, further developing property taxes, and increasing excise rates within the range of rates already applicable in comparable countries.

Notes:

At head of title: Fiscal Affairs Department.

Includes bibliographical references (pages 98-110).

Other Format:

Online version: From stimulus to consolidation.

ISBN:

9781616350420

1616350423

OCLC:

746567789