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Author/Editor:
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Masson, Paul R. ; Mussa, Michael
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Publication Date:
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September 26, 1996
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Electronic Access:
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Free Full text
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Summary:
The phenomenon of substantial peacetime budget deficits over the past 20 years has been traced to the burden of entitlements, a slowdown in economic productivity, and demographic and macroeconomic shifts in the industrial countries. Though smaller and structurally different, deficits in developing countries have also become worrisome. Most economists agree that measures to reduce government spending are imperative, particularly through restructuring entitlement programs.
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Series:
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Economic Issues No. 3
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Subject(s):
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Budget deficits | Government expenditures
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English
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Publication Date:
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September 26, 1996
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ISBN/ISSN:
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ISBN 1-55775-615-5 ; ISSN 1020-5098
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Format:
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Paper
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Stock No:
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EIIEA0031996
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Pages:
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19
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Price:
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Please address any questions about this title to
publications@imf.org
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