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OECD TO PRESENT NEW WORK ON PUBLIC FINANCES IN BRUSSELS ON JULY 2, 2013.

OECD to present new work on public finances in Brussels on 2 July 2013

The global economic crisis has had a deep impact on public finances, forcing governments to make difficult choices. Budget consolidation remains an unfinished business for many countries, and more must be done over the coming years to put debt on a sustainable path. Long-term spending pressures – notably from pensions and health care linked to ageing populations – will pose challenges as countries seek to bring debt down to more prudent levels.

The OECD will present new research on how fiscal consolidation strategies can improve public finances without detracting from other economic and social objectives on Tuesday 2 July during an event hosted by The Lisbon Council in Brussels.

« How much scope for growth and equity-friendly budgetary consolidation in OECD countries ? »  will be presented by OECD Deputy Secretary-General and Chief Economist Pier Carlo Padoan.

 

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