Occasional Papers

U.S. Fiscal Policies and Priorities for Long-Run Sustainability

Author/Editor:

Martin Mühleisen ; Christopher M Towe

Publication Date:

January 7, 2004

Electronic Access:

Link to Abstract

Summary:

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.

Series:

Occasional Paper No. 2004/001

Subject:

Budget planning and preparation Financial services Government debt management Public debt Public financial management (PFM) Real interest rates Revenue administration