In recent years, a lot of rules concerning government expenditures as well as tax revenues were changed in Germany. Government expenditures in relation to GDP were reduced, income tax rates were lowered and the budget deficit declined. The structure of government expenditures changed in favor of productive expenditures, tax expenditures were reduced. It is concluded that the growth of potential output in the second half of the decade will be stronger than it had been in the 2001–2005 period.
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Paper provided by Kiel Institute for the World Economy in its series Kiel Working Papers with number
1324.
Find related papers by JEL classification: H10 - Public Economics - - Structure and Scope of Government - - - General H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
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