Deficit Reduction: Experiences of Other Nations
AIMD-95-30
Published: Dec 13, 1994. Publicly Released: Dec 13, 1994.
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Highlights
Pursuant to a congressional request, GAO reviewed the deficit reduction experiences of six nations, focusing on: (1) the reasons that these governments implemented fiscal austerity policies; (2) the budget actions these governments took to reduce their deficits; (3) how these governments achieved political agreement to implement these fiscal actions; and (4) the lessons learned from these governments' experiences.
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Topics
Balanced budgetsBudget cutsBudget deficitBudget outlaysDeficit reductionEconomic analysisEconomic growthFiscal policiesForeign governmentsTax administration