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Structural consolidation without fiscal policy – the results of the tax revenue estimate of May 2012

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  • Christian Breuer

Abstract

In its 140th meeting the Working Group for Tax Revenue Estimates revised its revenue forecast upward again. The optimism of this estimate is supported by the development, favourable for tax revenue, of the distribution and use of the domestic product, although in the forecast of GDP there was hardly any correction. Rising wages and consumer spending are inducing a structural improvement of revenue. Fiscal policy is not having a restrictive effect but has thus far avoided a pro-cyclical expansion.

Suggested Citation

  • Christian Breuer, 2012. "Structural consolidation without fiscal policy – the results of the tax revenue estimate of May 2012," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 65(10), pages 38-43, May.
    • Handle: RePEc:ces:ifosdt:v:65:y:2012:i:10:p:38-43
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    References listed on IDEAS

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    1. Projektgruppe Gemeinschaftsdiagnose, 2011. "Joint Economic Forecast – Autumn 2011: Economic Upswing in Germany – Adverse Effects on the German Economy from the European Debt Crisis," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 64(20), pages 03-71, October.
    2. Christian Breuer & Thiess Büttner, 2010. "Built on sand: The structural deficit in the ups and downs of the economy," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 63(11), pages 28-31, June.
    3. Christian Breuer, 2011. "Wage developments are driving tax revenues: results of the tax revenue forecast of November 2011," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 64(21), pages 32-36, November.
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    Cited by:

    1. Christian Breuer, 2012. "No Structural Improvement in the Budget – On the Results of the Tax Revenue Forecast of November 2012," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 65(22), pages 13-18, November.
    2. Christian Breuer, 2013. "Will the Current Revenue Shortfalls Jeopardise Consolidation? Tax Revenue Estimate of May 2013," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 66(10), pages 68-74, May.

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    More about this item

    JEL classification:

    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General

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