U.S. Fiscal Policies and Priorities for Long-Run Sustainability
January 7, 2004
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This paper presents an overview of recent U.S. fiscal developments and discusses possible implications of the sharp turn around in the government’s fiscal position. Against this back ground, it also reviews key policy challenges that will need to be addressed to cope with the mounting pressures on public retirement and health care systems during the next decade. The study draws principally from back ground papers that were prepared for the IMF staff’s annual consultation discussions with the U.S.authorities in 2002 and 2003.
Subject: Budget planning and preparation, Financial services, Government debt management, Public debt, Public financial management (PFM), Real interest rates, Revenue administration
Keywords: Budget planning and preparation, deficit, Euromarket interest rates, Europe, Global, Government debt management, local government, local government finances, Medicare, Medicare expenditure growth, Medicare system, OP, Real interest rates, spending, state expenditure, tax, Western Europe
Pages:
63
Volume:
2004
DOI:
Issue:
001
Series:
Occasional Paper No. 2004/001
Stock No:
S227EA
ISBN:
9781589062955
ISSN:
0251-6365
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