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Public Debt in a Medium‑Term Context and Its Implications for Fiscal Policy

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Organisation for Economic Co-operation and Development2026-04-11 收录
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https://www.oecd.org/en/publications/public-debt-in-a-medium-term-context-and-its-implications-for-fiscal-policy_628367225815.html
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This paper examines the problems raised by the recent sharp increases in the ratio of public debt to GNP in most OECD Member countries. When interest rates exceed growth rates, this development appears as a symptom of instability in public finances. The paper also analyses the evolution of public debt within the wider framework of the government...
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