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Ireland: Selected Issues
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2005: Issue 370
Language:
English
Publication Date:
17 Oct 2005
DOI:
https://doi.org/10.5089/9781451818826.002
ISBN:
9781451818826
ISSN:
1934-7685
Pages:
64
Keywords:
ISCR; CR; Ireland; rate; labor market; revenue; saving rate; replacement rate; median saving ratio; growth prospect; household savings; mean error; incentive account; Macroeconomic and fiscal forecasts; Income; Unemployment; Aging; Budget planning and preparation; Europe; Australia and New Zealand; Global
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This Selected Issues paper for Ireland highlights that fiscal consolidation resulted in a tremendous reduction in public debt from nearly 100 percent of GDP in 1991 to about 30 percent in 2004. This has reflected a combination of policy decisions and economic circumstances. Excluding 2001, when the economy has been affected by the global economic slowdown, Ireland has in general consistently enjoyed favorable surprises in its public finances. Indeed, during this period, the actual fiscal outturns have exceeded budget forecasts on average by 0.3 percent of GDP a year.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund