Blame it on the baby boomers. Unless Germany starts making a consistent effort to consolidate its public budgets, the country's already tight financial situation is going to get much worse. As with many Western countries, Germany's upcoming fiscal problems are rooted in demographic trends. Its baby boomer generation is preparing to move from active employment into retirement. Governmental budget planners will soon find themselves confronted with rising payment obligations, just as revenues are declining. Recognizing the urgent need to consolidate Germany's public budgets, Uwe Wagschal examines the factors that have helped determine the effects of budget consolidation in 23 selected OECD countries. His international comparison demonstrates how a combination of budget cuts and increased revenues can lead to successful consolidation.
- ISBN13 9783892049531
- Publish Date 30 August 2008
- Publish Status Active
- Publish Country DE
- Imprint Bertelsmann Foundation
- Format Paperback
- Pages 200
- Language English