Privatization and Structural Adjustment in the Arab

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Over the next decades, many OECD countries are anticipating large increases in public spending as a result of population ageing and other long-term structural trends. No firms were actually dropped from the list for these reasons in the last three years, although about 20 firms applied for removal (KFTC, 1999c). In other words, a country that had a fiscal consolidation composed of 80 percent of spending cuts and 20 percent of tax increases would grow much more rapidly than a country in which only 20 percent of the consolidation was spending cuts and 80 percent was tax increases.

Pages: 269

Publisher: Intl Monetary Fund (April 1989)

ISBN: 1557750424

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