November 20, 2006
Berlin, Germany
The International Monetary Fund, together with the Bertelsmann Foundation and the Institute for Economic Research (Ifo), have organized a Symposium on Long-Run Fiscal Sustainability in Germany to be held in Berlin on November 20, 2006.
Demographic change in Germany will enter an acute phase from 2010 onward when the "baby-boomers" start retiring. This is projected to cause a sharp rise in public expenditure at all levels of government, while public revenue is projected to evolve more gradually in line with moderate GDP growth. Therefore, adjustments in fiscal and other economic policies, and their accompanying legal framework, have to be made to increase the long-term sustainability of the public finances. The symposium focuses on the following three aspects with a view to stimulating and informing the domestic debate on these issues.
- Transparency: How large are potential fiscal risks and in which areas of public spending are they most pressing? How do politicians at the federal and state level assess the challenges ahead?
- Options: What are the policy options and what are the conditions for their successful use?
- Implementation: What is the experience in other countries with the implementation of measures to improve the long-term sustainability of public finances?
The symposium will be open to the public. To register please send an e-mail with your name and affiliation to nicole.kleimann@bertelsmann.de.
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