Assessing Fiscal Sustainability in Theory and Practice /

The main purpose of this paper is to provide an overview of approaches to assessing fiscal sustainability. It summarizes the general analytical background, focusing on the present value budget constraint, which is the benchmark against which solvency is determined, tests of sustainability (including...

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Bibliographic Details
Main Author: Chalk, Nigel
Other Authors: Hemming, Richard
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2000.
Series:IMF Working Papers; Working Paper ; No. 2000/081
Online Access:Full text available on IMF