THIS SITE HAS BEEN ARCHIVED, AND IS NO LONGER UPDATED. CLICK HERE TO RETURN TO THE CURRENT SITE
Post Format

P.S: EC Confidential

New report by the European Commission on Public Finances.

Startling discovery. The word “consolidation” or “consolidate” appears 222 times. There is also a definition for it:

Fiscal consolidation: An improvement in the budget balance through measures of discretionary fiscal policy , either  specified by the amount of the improvement or the period over which the improvement continues.

I propose to you a new definition, hoping the EC will endorse it in its next report.

Fiscal success: An improvement in economic growth through measures of discretionary
fiscal policy , either specified by the amount of the improvement or the period over which the improvement continues.

Lascia un Commento

Required fields are marked *.

*