In the Central Economic Work Conference, which was held earlier this month, Chinese leaders decided priorities for the economic work in 2025, including setting a higher deficit-to-GDP ratio and ensuring that its fiscal policy is continuously forceful and more impactful. Also, it said China will ...
Procyclical fiscal policy may also undermine the sustainability of public finances, particularly so in European Union (EU) member states. As their economies are heavily integrated, fiscal policy in one EU country may have large spillovers to other member states’ economies; these spillovers are ...
BEIJING, Dec. 22 (Xinhua) -- China will continue to implement its proactive fiscal policy by "appropriately" strengthening it to improve its effectiveness in 2024, according to Minister of Finance Lan Fo'an. The country plans to maintain an appropriate level of spending intensity, Lan said at ...
Chinese leaders decided priorities for the economic work in 2025, including setting a higher deficit-to-GDP ratio and ensuring that its fiscal policy is continuously forceful and more impactful. Also, it said China will increase the issuance of ultra-long special treasury bonds and continue to sup...
In the Central Economic Work Conference, which was held earlier this month, Chinese leaders decided priorities for the economic work in 2025, including setting a higher deficit-to-GDP ratio and ensuring that its fiscal policy is continuously forceful and more impactful. Also, it said China will ...
Spending restraint is also like the Swiss army knife of fiscal policy in that it reduces the likelihood of other bad outcomes. If you don’t want politicians to threaten the economy withhigher taxes, control spending. If you don’t wantbig deficitsthat cause capital to be misallocated, contro...
Given the importance of terms of trade cycles for the behavior of fiscal policy, one pertinent query would be to explore the possible pro-cyclical nature of the fiscal policy in sub-Saharan African countries. Theoretically, the standard Keynesian argument suggests that the government should increase...
FISCAL policyTAX administration & procedurePUBLIC investmentsWe use a dynamic general equilibrium model to examine the effect of various fiscal policies in an economy with a large informal sector. More specifically, we simulate (i) a reduction of the tax rate on ...
be carried out, including an expansion of fiscal expenditure, promotion of special bond investment and an increase of transfer payments from the central to local governments, especially to poor and underdeveloped areas, Liu said while introducing the priorities for China's fiscal policy in 2023. ...
be carried out, including an expansion of fiscal expenditure, promotion of special bond investment and an increase of transfer payments from the central to local governments, especially to poor and underdeveloped areas, Liu said while introducing the priorities for China's fiscal policy in 2023. ...