The policy conundrum from hell
Article Abstract:
Hopes that the peace dividend might be used to reduce the budget deficit are being dampened by the lingering recession. It now seems defense savings might be used on a series of tax breaks. The deficit would actually increase, but it is hoped a revitalized economy might bolster tax revenues.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1992
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Balancing the government's books
Article Abstract:
Governments would get a more accurate picture of their net worth with financial statements than with the budget deficit as main financial indicator. Capital investment would be encouraged. An OECD study lists Japan as the only country out of seven that has increased its net worth.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1992
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Future deficient
Article Abstract:
The 'crowding out' theory, which argues that budget deficits use up savings for productive investment, is flawed. Foreign countries have provided plenty of capital, which has kept interest rates from rising.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1992
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