search query: @author Vesper, D. / total: 9
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| Author: | Vesper, D. |
| Title: | Fiscal consolidation - but how? |
| Journal: | Economic Bulletin
1995 : FEB, VOL. 32:2, p. 3-8 |
| Index terms: | REVENUE GERMANY BUDGET |
| Language: | eng |
| Abstract: | During the first half of the 1990s German fiscal policy has been extremely active, indeed at times hectic. Its first task was to cope with the diverse consequences of Unification; more recently the need was to manage the consequences - declining fiscal; revenues and the cost of unemployment - of the economic recession. Between 1990 and 1994, government activity increased sharply as a proportion of GDP. The financing of the Unification process will be put on a more solid foundation, while the burdens originating from economic recession will gradually ease. |
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