Budget reform in OECD member countries: Common trends
From the early 1990s, the fiscal position of OECD member countries improved steadily each year, from a deficit of 5% of GDP for member countries as whole in 1993 to a perfect balance in the year 2000, i.e. neither a deficit nor a surplus. In 2001, member countries experienced a deficit of 1% of GDP....
Saved in:
| Main Author: | |
|---|---|
| Format: | Electronic Book Chapter |
| Language: | English |
| Published: |
Paris
OECD Publishing
2003
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| Subjects: | |
| Links: | https://doi.org/10.1787/budget-v2-art20-en https://doi.org/10.1787/budget-v2-art20-en https://doi.org/10.1787/budget-v2-art20-en https://doi.org/10.1787/budget-v2-art20-en https://doi.org/10.1787/budget-v2-art20-en https://doi.org/10.1787/budget-v2-art20-en https://doi.org/10.1787/budget-v2-art20-en https://doi.org/10.1787/budget-v2-art20-en https://doi.org/10.1787/budget-v2-art20-en https://doi.org/10.1787/budget-v2-art20-en https://doi.org/10.1787/budget-v2-art20-en https://doi.org/10.1787/budget-v2-art20-en https://doi.org/10.1787/budget-v2-art20-en https://doi.org/10.1787/budget-v2-art20-en https://doi.org/10.1787/budget-v2-art20-en https://doi.org/10.1787/budget-v2-art20-en https://doi.org/10.1787/budget-v2-art20-en |
| Summary: | From the early 1990s, the fiscal position of OECD member countries improved steadily each year, from a deficit of 5% of GDP for member countries as whole in 1993 to a perfect balance in the year 2000, i.e. neither a deficit nor a surplus. In 2001, member countries experienced a deficit of 1% of GDP. Table 1 depicts the general government financial balances of selected OECD member countries. This goes to show the historical pattern in member countries: achieving fiscal consolidation is a slow process and successes in fiscal consolidation can quickly dissipate. A very short time ago, several OECD member countries believed that they were on a long-term track for fiscal surpluses; the era of deficits had been overcome. This did not turn out to be the case; surpluses turned out to be a very short-lived phenomenon for many countries |
| Physical Description: | 1 Online-Ressource (21 Seiten) |
| DOI: | 10.1787/budget-v2-art20-en |
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| spelling | Blöndal, Jón R... Verfasser aut Budget reform in OECD member countries Common trends Jón R. Blöndal Paris OECD Publishing 2003 1 Online-Ressource (21 Seiten) txt rdacontent c rdamedia cr rdacarrier From the early 1990s, the fiscal position of OECD member countries improved steadily each year, from a deficit of 5% of GDP for member countries as whole in 1993 to a perfect balance in the year 2000, i.e. neither a deficit nor a surplus. In 2001, member countries experienced a deficit of 1% of GDP. Table 1 depicts the general government financial balances of selected OECD member countries. This goes to show the historical pattern in member countries: achieving fiscal consolidation is a slow process and successes in fiscal consolidation can quickly dissipate. A very short time ago, several OECD member countries believed that they were on a long-term track for fiscal surpluses; the era of deficits had been overcome. This did not turn out to be the case; surpluses turned out to be a very short-lived phenomenon for many countries Governance https://doi.org/10.1787/budget-v2-art20-en Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Blöndal, Jón R.. Budget reform in OECD member countries Common trends Governance |
| title | Budget reform in OECD member countries Common trends |
| title_auth | Budget reform in OECD member countries Common trends |
| title_exact_search | Budget reform in OECD member countries Common trends |
| title_full | Budget reform in OECD member countries Common trends Jón R. Blöndal |
| title_fullStr | Budget reform in OECD member countries Common trends Jón R. Blöndal |
| title_full_unstemmed | Budget reform in OECD member countries Common trends Jón R. Blöndal |
| title_short | Budget reform in OECD member countries |
| title_sort | budget reform in oecd member countries common trends |
| title_sub | Common trends |
| topic | Governance |
| topic_facet | Governance |
| url | https://doi.org/10.1787/budget-v2-art20-en |
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