U.S. Fiscal Policies and Priorities for Long-Run Sustainability

Martin Mühleisen () and Christopher Towe

No 2004/001, IMF Occasional Papers from International Monetary Fund

Abstract: This paper presents an overview of recent U.S. fiscal developments and discusses possible implications of the sharp turn around in the government’s fiscal position. Against this back ground, it also reviews key policy challenges that will need to be addressed to cope with the mounting pressures on public retirement and health care systems during the next decade. The study draws principally from back ground papers that were prepared for the IMF staff’s annual consultation discussions with the U.S.authorities in 2002 and 2003.

Keywords: OP; deficit; tax; Medicare; spending; local government; Medicare expenditure growth; Medicare system; state expenditure; Euromarket interest rates; local government finances; Budget planning and preparation; Real interest rates; Government debt management; Global; Europe; Western Europe (search for similar items in EconPapers)
Pages: 63
Date: 2004-01-07
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Citations: View citations in EconPapers (10)

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