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LESSONS LEARNED: SUCCESSFUL EXAMPLES OF Fiscal Adjustment

LESSONS LEARNED: SUCCESSFUL EXAMPLES OF Fiscal Adjustment

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LESSONS LEARNED: SUCCESSFUL EXAMPLES OF Fiscal Adjustment


William Dorotinsky
ICGFM International Conference
May 19, 2013
LESSONS LEARNED: SUCCESSFUL EXAMPLES OF Fiscal Adjustment


William Dorotinsky
ICGFM International Conference
May 19, 2013

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12/12/2013

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LESSONS LEARNED:SUCCESSFUL EXAMPLES OFFISCAL ADJUSTMENT
William DorotinskyICGFM International ConferenceMay 19, 2013
1
 
Project Background
Timely topic
Extreme fiscal adjustment
 At least 8% point improvement in fiscal balance over 5 years
Approach
Consulted available literature
Interviewed contemporaneous actors
Comprehensive focus
Policies
Institutional/process reforms
Government strategy
2
 
Countries Reviewed
3
Country
 
Period of Adjustment
 
Change in General GovtBudget Balance (%)
 
Canada
 
1993-1998
 
8.8
 
Finland
 
1993-2000
 
16.0
 
Netherlands
 
1995-2000
 
11.2
 
Sweden
 
1993-2000
 
14.8
 
Thailand
 
1999-2003
 
11.1
 
Turkey
 
2002-2006
 
13.9
 
United Kingdom
 
1993-2000
 
9.1
 
Source: WEO

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