Conti pubblici: il coraggio di cambiare rotta

Translated title of the contribution: [Autom. eng. transl.] Public accounts: the courage to change course

Marco Fortis

Research output: Working paper

Abstract

[Autom. eng. transl.] According to the IMF, from 2013 onwards Italy's debt-to-GDP ratio will start to fall to touch 114% of GDP in 2016, while in the meantime US public debt will have risen to 115% of GDP, thus exceeding the Italian one. The new route is therefore drawn. Italy for the first time should undertake a structural reduction process over several years of public administration expenditure in real terms, net of interest. Never happened before. There was only the temporary decline in 1994-95 which had not, however, interrupted a path of constant growth over the decades.
Translated title of the contribution[Autom. eng. transl.] Public accounts: the courage to change course
Original languageItalian
Number of pages7
Publication statusPublished - 2011
Externally publishedYes

Keywords

  • bilancio primario
  • conti pubblici
  • debito pubblico
  • primary budget
  • public accounts
  • public debt

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