Abstract: Countries with significant debt burdens and a need for fiscal correction face a double problem. Budget correction requires urgently lower interest rates, cuts in spending and better taxation — a broader base, more effective tax collection and a adjustment in rates (up or down) to raise the yield from taxation. But, and here is the problem, budget cutting may cost employment and lower interest rates do not come easily.
Publication Year: 1995
Publication Date: 1995-01-01
Language: en
Type: book-chapter
Indexed In: ['crossref']
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Cited By Count: 1
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