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fiscal policy

Strengthening public finances as a pillar of prosperity in the Slovak Republic

Reading Time: 4 minutes

The Slovak Republic’s public debt is on track to rise from 61% of GDP in 2025 to over 100% of GDP by 2040 without further action. Consolidation should rely mainly on expenditure control and a strengthened fiscal framework. Crucially, fiscal adjustment should be combined with structural reforms that raise employment: doing so halves the fiscal consolidation required to reduce debt while boosting growth.

by Boris Cournède, OECD Economics Department

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Strengthening Romania’s competitiveness

Reading Time: 3 minutes

Romania has made remarkable progress in converging toward OECD income levels over the past two decades, supported by deeper integration into global markets, substantial capital inflows, and wide‑ranging economic reforms.

by Katja Schmidt, OECD Economics Department

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The fiscal impact of population ageing: How can we afford getting older?

Reading Time: 4 minutesBy Vassiliki Koutsogeorgopoulou and Hermes Morgavi, OECD. Populations are ageing in most countries, including emerging economies. The share of population… Read More »The fiscal impact of population ageing: How can we afford getting older?

Reducing public debt: When growth meets sound fiscal policy

Reading Time: 4 minutesBy Álvaro Pina, Mauricio Hitschfeld and Takashi Miyahara, OECD. Across the OECD, public debt reached 112% of GDP at the… Read More »Reducing public debt: When growth meets sound fiscal policy

Higher defence spending brings forward hard fiscal policy choices and has an uncertain economic impact

Reading Time: 4 minutesBy Ben Conigrave, OECD. After falling relative to overall public expenditure and GDP in the three decades after the Cold… Read More »Higher defence spending brings forward hard fiscal policy choices and has an uncertain economic impact

Belgium: Reforms to put public finances on a sustainable path      

Reading Time: 4 minutesBy Jonathan Smith, Caroline Klein, OECD Economics Department Belgium coped well with the pandemic and energy crisis, but fiscal support… Read More »Belgium: Reforms to put public finances on a sustainable path      

Debt Dilemma: Addressing America’s mounting fiscal pressures

Reading Time: 3 minutesFiscal pressures are mounting in the United States as past debt accumulation is being compounded by higher interest rates and… Read More »Debt Dilemma: Addressing America’s mounting fiscal pressures

Fiscal policy, quality and quantity

Reading Time: 4 minutesBy Clare Lombardelli, OECD Chief Economist[i] and Max Glanville Fiscal policy faces a challenging outlook in most advanced economies. Using… Read More »Fiscal policy, quality and quantity

Enhancing independent fiscal institutions in Latin America: a roadmap based on practical lessons from OECD countries

Reading Time: 4 minutesby Aida Caldera, Paula Garda, Alberto Gonzalez-Pandiella, Alessandro Maravalle and Elena Vidal, OECD Economics Department The number of independent fiscal institutions (IFIs) across… Read More »Enhancing independent fiscal institutions in Latin America: a roadmap based on practical lessons from OECD countries

How can Latin American countries improve their medium-term fiscal frameworks for better public finances?

Reading Time: 4 minutesby Aida Caldera, Paula Garda and Alberto Gonzalez-Pandiella, OECD Economics Department Fiscal authorities in Latin America face the challenge of… Read More »How can Latin American countries improve their medium-term fiscal frameworks for better public finances?