First, we confirm that consolidation programs imply a stronger reduction of the public debt ratio when they rely mainly on spending cuts, except public investment. Government wage bill cuts, however, only contribute to lower public debt ratios when public sector efficiency is low. Second, we find...
Carefully-designed medium-term consolidation is key to address debt sustainability risks while supporting growth. Some countries need to phase out untargeted fiscal support more quickly, prioritize spending, and improve its efficiency, while others may need additional revenue-enhancing measures. Growth-...
yet do not see the most effective path to these goals. They do not quantify a threshold that meets the standard of a ‘living wage’, after which success can be declared. Accordingly, they keep devising new ways of taxing the most productive people, thus reducing their incentives...
State CIO Flory is instrumental in the leadership of two transformational Ohio IT initiatives, the now completed IT Optimization effort and the ongoing IT Innovation initiative. IT Optimization provided the standardization necessary to drive economies of scale through infrastructure consolidation (server, st...
Bradley Troutman grew up in Jefferson County, and has farmed his land in Dandridge for as long as he can remember. He most recently decided run for the vacant Register of Deeds position in Jefferson County, TN and began to think of new and exciting ways that he could the word out about...
The Washington Post says the Defense Department is gearing up for consolidation once again, putting local companies and lobbying firms on alert. Defense Secretary Leon E. Panetta says that despite the controversy that normally surrounds such moves, “it is the only effective way to achieve ...
Absolute Monarchy,Ambassador,Autocracy,Central Bank,Chancellor,Chief Minister,City Council,Civil Servant,Congress,Congressperson,Constitutional Monarchy,Consulate,County Executive,Court System,Defense,Democracy,Democrats,Dictatorship,Diplomacy,E-Government,Embassy,Emergency Services,Events & Programs,Executive Agency,...
Consider the increased costs of education, the building of new schools, of bi-lingual education programs, of more teachers, more administrators, more counselors, more in-class aids, more kitchen workers, more buses and more supplies. All of these mean more taxes and more debt. You have to ...
There could be another rounds of base closures. TheWashington Postsays the Defense Department is gearing up for consolidation once again, putting local companies and lobbying firms on alert. Defense Secretary Leon E. Panetta says that despite the controversy that normally surrounds such moves, “it...
At the same time, according to a financial advisor Dmitry Chernavski, the ESM increase does not solve the fundamental problems of the debt crisis in Eurozone. The debt crisis in Europe, said Dmitry Chernavski, is just a consequence of the countries with different levels of life and mentality...