Fiscal Frameworks and Fiscal Sustainability in the Nordics


Book Description

Public finances in the Nordics are facing great future challenges due to demographic developments. Increasing longevity is changing the age structure of the population, significantly raising the share of older people and thus the old-age dependency ratio. Over the last two decades, there has been a strong international trend to strengthen fiscal frameworks by adopting more stringent fiscal rules as well as increasing transparency and accountability. A first aim of the report is to survey and evaluate the fiscal frameworks in the Nordic countries. A second aim is to review how long-run sustainability analyses of public finances are made - and communicated to policy-makers and the general public - in the Nordics, by Ministries of Finance as well as by other institutions. The report also concludes the severity of the fiscal-sustainability problems in the Nordic countries.




OECD Economic Surveys: Sweden 1999


Book Description

This 1999 edition of OECD's periodic review of Sweden's economy examines recent economic developments, policies and prospect and includes special features on structural reform and on the tax and transfer system.




OECD Economic Surveys: Sweden 2001


Book Description

This 2001 edition of OECD's periodic review of Sweden's economy examines recent economic developments, policies and prospects and includes special features on structural policies and on enhancing environmentally sustainable growth.




Fiscal Indicators


Book Description







Expenditure Ceilings - A Survey


Book Description

This paper looks at the factors that have to be considered when designing an aggregate expenditure ceiling. It is argued that expenditure ceilings are effective in promoting fiscal discipline and sustainability, but that a number of trade-offs have to be made when setting up a fiscal framework that will survive in a politically charged environment. The paper illustrates the discussion with a case study of medium-term aggregate expenditure ceilings in three countries: Finland, the Netherlands and Sweden.







Transparency in Government Operations


Book Description

Transparency in government operations is widely regarded as an important precondition for macroeconomic fiscal sustainability, good governance, and overall fiscal rectitude. Notably, the Interim Committee, at its April and September 1996 meetings, stressed the need for greater fiscal transparency. Prompted by these concerns, this paper represents a first attempt to address many of the aspects of transparency in government operations. It provides an overview of major issues in fiscal transparency and examines the IMF's role in promoting transparency in government operations.