Cover Who Will Pay? Coping with Aging Societies, Climate Change, and Other Long-Term Fiscal Challenges
Who Will Pay? Coping with Aging Societies, Climate Change, and Other Long-Term Fiscal Challenges
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Abstract

Aging populations. Weather shocks. Scarce water. Globalization. Security threats. Policymakers today confront a number of developments that threaten to burden public budgets for decades to come, or bankrupt some entirely. This book argues that governments need to make policy changes now to take account of the potential fiscal consequences of these developments. After describing how, if at all, analysts, national governments, and international organizations currently address these long-term issues, the book stresses the vital need for a multipronged approach, involving strengthened analyses, greater attention to long-term issues and risk factors in budgeting, and institutional reforms that address the myopic biases of politicians and the public.

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Author:
Mr. Peter S. Heller
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Series:
Books
Publisher:
International Monetary Fund
Language:
English
Publication Date:
05 Nov 2003
DOI:
https://doi.org/10.5089/9781589062238.071
ISBN:
9781589062238
Pages:
330
Keywords:
BOOK; government; policy; country; policy commitment; government policy; policy reform; policy action; policy uncertainty; fiscal policy framework; Aging; Global; Western Europe; South Asia; Sub-Saharan Africa; Budget planning and preparation; Caribbean
Legal-disclaimer:
The views expressed in this book are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management. The boundaries, colors, denominations, and any other information shown on the maps do not imply, on the part of the IMF, any judgment on the legal status of any territory or any endorsement or acceptance of such boundaries.
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