Confronting Budget Deficits

International Monetary Fund

No 1996/001, IMF Economic Issues from International Monetary Fund

Abstract: The phenomenon of substantial peacetime budget deficits over the past20 years has been traced to the burden of entitlements, a slowdown ineconomic productivity, and demographic and macroeconomic shifts in theindustrial countries. Though smaller and structurally different, deficitsin developing countries have also become worrisome. Most economists agreethat measures to reduce government spending are imperative, particularlythrough restructuring entitlement programs.

Keywords: EI; government; country; U.K. government; government bureaucracy; government policy; ability to pay; government finances; government obligation; government dependency; deficit spending; government program; deficit problem; Organization for Economic Cooperation and Development country; United States Insurance trust expenditure; Europe; government support; Inflation; Unemployment; Aging; Health care; Middle East; Western Hemisphere (search for similar items in EconPapers)
Pages: 20
Date: 1996-09-01
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Citations: View citations in EconPapers (2)

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