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Prudence fiscale, indicateurs d'endettement et évolution de l'état des finances des administrations publiques au Canada

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Author Info
Alain Paquet () (Center for Research on Economic Fluctuations and Employment, UQAM)

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Abstract

Ce texte discute de la mesure, des causes et des conséquences de l'endettement public et revoit divers indicateurs d'endettement, de solvabilité et de prudence fiscale. Après avoir présenté une analyse descriptive et comparative de la situation de la dette publique des gouvernements au Canada et ailleurs dans le monde, nous évaluons la solvabilité des gouvernements au Canada. Finalement, nous construisons des indicateurs de prudence fiscale pour les gouvernements fédéral et québécois qui révèlent dans quelle mesure les politiques financières poursuivies ont été insoutenables.

This paper discusses the measurement, the causes and the implication of public indebtedness. Several indicators of indebtedness, solvency and fiscal prudence are also reviewed. Having presented a descriptive and comparative analysis of public indebtedness of the various levels of government in Canada and elsewhere, we assess the solvency of governments in Canada. Finally, we construct indicators of fiscal prudence for the Federal and the Quebec governments that reveal to which extent the fiscal policies that were followed were unsustainable.

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Publisher Info
Paper provided by CREFE, Université du Québec à Montréal in its series Cahiers de recherche CREFE / CREFE Working Papers with number 59.

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Length: 41 pages
Date of creation: Feb 1998
Date of revision:
Handle: RePEc:cre:crefwp:59

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Related research
Keywords: Public debt; Fiscal prudence; Canada;

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Find related papers by JEL classification:
E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management
H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus

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    Other versions:
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    Other versions:
  8. Paul Fenton & Alain Paquet, 1997. "Politiques économiques et intégration des marchés financiers: que pouvons-nous apprendre des différentiels de taux d'intérêt?," Cahiers de recherche CREFE / CREFE Working Papers 52, CREFE, Université du Québec à Montréal. [Downloadable!]
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    Other versions:
  18. Seater, John J, 1993. "Ricardian Equivalence," Journal of Economic Literature, American Economic Association, vol. 31(1), pages 142-90, March. [Downloadable!] (restricted)
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