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A Decade of Intergenerational Reports: Contributing to Long‐Term Fiscal Sustainability
Author(s) -
Gruen David,
Spender Duncan
Publication year - 2012
Publication title -
australian economic review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.308
H-Index - 29
eISSN - 1467-8462
pISSN - 0004-9018
DOI - 10.1111/j.1467-8462.2012.00697.x
Subject(s) - fiscal sustainability , sustainability , commonwealth , economics , fiscal policy , relevance (law) , fiscal imbalance , term (time) , perspective (graphical) , fiscal union , public economics , macroeconomics , economic policy , political science , physics , quantum mechanics , artificial intelligence , computer science , law , biology , ecology
The Intergenerational Reports have helped lengthen the horizon of public policy analysis in Australia, enabling governments to focus on the longer term implications of policy changes, particularly their fiscal implications. Nonetheless, it is important to note that the reports have examined fiscal sustainability from the Commonwealth's perspective, notwithstanding that fiscal sustainability is also an issue for the states and territories. Additionally, the reports have not incorporated contingent fiscal liabilities, notwithstanding their relevance to fiscal sustainability.