OECD, Responding to the crisis: what are member countries doing to strengthen their public finances? – OCDE, La respuesta a la crisis: qué están haciendo los países miembros para reforzar sus finanzas públicas
An OECD press release of 21/11/2012 announces that “OECD countries are intensifying their fiscal consolidation efforts, introducing additional measures and extending the time horizon to implement them. Most have announcedfiscal consolidation of more than 3% of GDP over the period 2009-15, according to the OECD’s Restoring Public Finances 2012.
To speed-up their economic recovery and to restore lasting prosperity, many OECD countries are combining austerity measures with pro-growth structural reforms, particularly in the product and labour markets.
“Finding the right balance between consolidating budgets and stimulating growth is a challenge for all governments,” said OECD Secretary General, Angel Gurría. “While there is an indisputable need for medium-term fiscal consolidation, austerity alone is unlikely to achieve its goal. The key to sustainability is credible structural reforms that strengthen public finances, promote long-term economic growth and support those who are hardest hit by the crisis.”
- Greece, Ireland and Portugal announced fiscal consolidation packages totalling more than 12% of GDP in cumulative terms from 2009 – 2015.
- The Czech Republic, Hungary, Iceland, Italy, the Slovak Republic, Slovenia, Spain and the United Kingdom announced consolidation plans ranging between 6% and 9% of GDP during the same time frame.
- Austria, Belgium, France, Germany, New Zealand and Poland announced plans with a cumulative impact of between 3% and 5% of GDP during that period”.
La OCDE ha publicado su informe “Reestableciendo las Finazas Públicas 2012” (sólo en inglés) en el que señala las medidas que están adoptando sus países miembros para salir de la crisis.