Budgeting and Public Expenditures in OECD Countries 2019
This report provides a comprehensive view of practices and developments in the governance, implementation and performance of budgeting across OECD countries. It looks at recent practices such as the application of medium-term frameworks and the use of data and analytics to highlight the impacts of policies on concerns such as gender equality and the environment. Reflecting countries’ efforts to strengthen the insitutions supporting ficsal policy, the report also discusses trends in Parliamentary oversight, citizen participation, transparency, infrastructure governance and the management of fiscal risks.
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Budgetary Governance in Practice: Japan
Following a pick-up in economic growth in Japan to 1.5% in 2017, growth is projected to remain close to 1% in 2018 and 2019, despite a resumption of fiscal consolidation, as export growth remains robust. Employment is projected to peak in 2018 as the decline in the working-age population accelerates. Sustained above-potential growth will boost inflation to 1% in 2018 and around 1.5% in 2019 (excluding the impact of the increase in the consumption tax rate).
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