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Reducing the number of public holidays, 40-hour week, tax increases - the recipe for medium-term budget consolidation?

Author

Listed:
  • Barbara Hendricks
  • Dieter Ondracek
  • Udo Ludwig

Abstract

Does the Federal Government lack a medium-term concept for budget consolidation? Dr. Barbara Hendricks, Federal Ministry of Finance, explains the budget concept of the Federal Government for 2005 and points out how this concept is a way to solve the conflict between the necessary deficit reduction, on the one hand, and business-cycle necessities, on the other. Dieter Ondracek, Union of German Tax-office Employees, sees the necessity of changing the structure of fiscal policy: "A tax simplification through the elimination of tax allowances and special regulations would be an effective contribution to the consolidation of public budgets, alongside a strict enforcement of existing tax laws." For Dr. Udo Ludwig, Halle Institute for Economic Research, working-time extension is not the way to consolidate the budget.

Suggested Citation

  • Barbara Hendricks & Dieter Ondracek & Udo Ludwig, 2004. "Reducing the number of public holidays, 40-hour week, tax increases - the recipe for medium-term budget consolidation?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 57(24), pages 03-09, December.
    • Handle: RePEc:ces:ifosdt:v:57:y:2004:i:24:p:03-09
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    JEL classification:

    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General

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