By Heller, P., S., International Monetary Fund, 2006
it is tempting to reduce the problem of longterm fiscal sustainability to the challenges facing aging industrial countries that have overpromised generous social benefits. But the reality is that all countries need to take stock of the multiple risks to which they are exposed over the long term and ensure that governments have the fiscal capacity to tackle them. Although the menu of options might suggest a reduced role for governments, the goal is to ensure that governments can deliver on their long-term commitments, continue to provide public goods and welfare assistance, avoid imposing politically damaging and economically disadvantageous tax burdens, and have the fiscal latitude to respond effectively to unanticipated risks.
 Fiscal_Sustainability.pdf | [ ] |
