Debt retrenchment strategies and control of public spending

C. Bouthevillain, L. Paul and J. Pavot

Quarterly selection of articles - Bulletin de la Banque de France, 2007, issue 08, 5-34

Abstract: Faced with excessive government debt, several countries have launched comprehensive structural reforms to consolidate their public finances. Drawing on the experiences of foreign countries, this article shows that control of public spending, in particular the implementation of fiscal rules for public spending, has played a key role in the fiscal consolidation process.

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Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:bfr:quarte:2007:08:01

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