Debt retrenchment strategies and control of public spending
AbstractFaced with excessive government debt, several countries have launched comprehensive structural reforms to consolidate their public finances. Drawing on the experiences of foreign countries, this article shows that control of public spending, in particular the implementation of fiscal rules for public spending, has played a key role in the fiscal consolidation process.
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Bibliographic InfoArticle provided by Banque de France in its journal Quarterly selection of articles - bulletin de la Banque de France.
Volume (Year): (2007)
Issue (Month): 08 (Summer)
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