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The UK's public finances in the long run: the IFS model

Author

Listed:
  • Michael Amior

    (Institute for Fiscal Studies)

  • Rowena Crawford

    (Institute for Fiscal Studies and Institute for Fiscal Studies)

  • Gemma Tetlow

    (Institute for Fiscal Studies)

Abstract

This working paper describes how the IFS’s model of the UK’s long-run public finances (and those of its constituent nations) is constructed. Our model projects tax revenues, public spending and hence public borrowing and debt up to 2062–63. This is done for the UK as a whole and also separately for Scotland and the rest of the UK. The type of model we have built seeks to answer questions of the type ‘is current fiscal policy sustainable without additional taxes needing to be raised or cuts to public spending imposed either now or in the future?’.

Suggested Citation

  • Michael Amior & Rowena Crawford & Gemma Tetlow, 2013. "The UK's public finances in the long run: the IFS model," IFS Working Papers W13/29, Institute for Fiscal Studies.
    • Handle: RePEc:ifs:ifsewp:13/29
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    File URL: http://www.ifs.org.uk/wps/wp201329.pdf
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    Cited by:

    1. Corlet Walker, Christine & Druckman, Angela & Jackson, Tim, 2021. "Welfare systems without economic growth: A review of the challenges and next steps for the field," Ecological Economics, Elsevier, vol. 186(C).

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