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The Challenges of Fiscal Consolidation and Debt Reduction in the Caribbean.pdf

The Challenges of Fiscal Consolidation and Debt Reduction in the Caribbean false
By:Charles Amo Yartey,Mr. Machiko Narita,Mr. Garth Peron Nicholls,Mr. Joel Chiedu Okwuokei
Published on 2012-11-19 by International Monetary Fund


This paper examines debt dynamics in the Caribbean and discusses policy options for reducing the high debt levels. Based on empirical studies of factors underlying global large debt reduction episodes, important policy lessons are drawn for the Caribbean. The analysis shows that major debt reductions are associated with strong growth and decisive and lasting fiscal consolidation efforts. Since growth in the current environment is virtually nonexistent, significant fiscal consolidation is inevitable in the region. Better control of the public wage bill, increasing public sector efficiency and tackling transfers are the obvious targets to reduce spending. On the revenue side, there is ample room to reduce tax expenditures, eliminate distortions while broadening the tax base. Fiscal consolidation needs to be complemented by a comprehensive debt reduction strategy including tax policy reforms and structural reforms to boost competiveness.

This Book was ranked at 8 by Google Books for keyword Consolidation.

Book ID of The Challenges of Fiscal Consolidation and Debt Reduction in the Caribbean's Books is bWlwValkocUC, Book which was written byCharles Amo Yartey,Mr. Machiko Narita,Mr. Garth Peron Nicholls,Mr. Joel Chiedu Okwuokeihave ETAG "QkxFZTW9fLA"

Book which was published by International Monetary Fund since 2012-11-19 have ISBNs, ISBN 13 Code is 9781475536119 and ISBN 10 Code is 1475536119

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The Challenges of Fiscal Consolidation and Debt Reduction in the Caribbean -Charles Amo Yartey,Mr. Machiko Narita,Mr. Garth Peron Nicholls,Mr. Joel Chiedu Okwuokei- 9781475536119

The Challenges of Fiscal Consolidation and Debt Reduction in the Caribbean -Charles Amo Yartey,Mr. Machiko Narita,Mr. Garth Peron Nicholls,Mr. Joel Chiedu Okwuokei- 1475536119

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