Chapter 1. Fiscal consolidation targets, plans and measures in OECD countries
Abstract:This chapter discusses the consolidation efforts of OECD countries as of December 2011. The data on fiscal deficit and gross debt for EU countries are updated based on actual figures for 2010 and 2011, and recently adopted fiscal consolidation is taken into account mainly for some countries that had not adopted the 2012 budget before the survey deadline. The chapter analyses current fiscal positions and announced fiscal strategies, consolidation plans, deficit reduction plans, the specific measures aimed at expenditure reduction and revenue enhancement, and recent reforms regarding pensions.
Document Type: Review Article
Publication date: November 1, 2012