Fiscal frameworks and fiscal sustainability in the Nordics

Fiscal frameworks and fiscal sustainability in the Nordics
Author :
Publisher : Nordic Council of Ministers
Total Pages : 176
Release :
ISBN-10 : 9789289365635
ISBN-13 : 9289365633
Rating : 4/5 (633 Downloads)

Book Synopsis Fiscal frameworks and fiscal sustainability in the Nordics by : Calmfors, Lars

Download or read book Fiscal frameworks and fiscal sustainability in the Nordics written by Calmfors, Lars and published by Nordic Council of Ministers. This book was released on 2020-04-01 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public finances in the Nordics are facing great future challenges due to demographic developments. Increasing longevity is changing the age structure of the population, significantly raising the share of older people and thus the old-age dependency ratio. Over the last two decades, there has been a strong international trend to strengthen fiscal frameworks by adopting more stringent fiscal rules as well as increasing transparency and accountability. A first aim of the report is to survey and evaluate the fiscal frameworks in the Nordic countries. A second aim is to review how long-run sustainability analyses of public finances are made – and communicated to policy-makers and the general public – in the Nordics, by Ministries of Finance as well as by other institutions. The report also concludes the severity of the fiscal-sustainability problems in the Nordic countries.


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