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Budget process --- Government spending policy

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The medium-term projections of Fund income and precautionary balances accumulation have been updated since the April 2012 projections. The overall income outlook remains positive with continued high lending income expected in the medium-term. The projections indicate a downward shift in the income path primarily due to lower non-lending income as a result of the low global interest rates and the agreement to phase in investments under the new gold-sales funded endowment. The updated expenditure path has not changed significantly. The projections also illustrate a broad balance between income and expenditures when lending returns to pre-crisis levels. The accumulation of precautionary balances remains strong in the medium-term. The indicative medium-term target of SDR 20 billion is now expected to be reached by FY18-FY19.

Expenditures, Public. --- Public investments. --- Government spending policy.

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After a first series of policy responses to the 2008-09 crisis aimed at sustaining domestic demand through expansionary packages, most European governments have put in place restrictive policies to reduce their budget deficits. In consequence, a significant number of jobs and wages have been cut in the public sector. These reforms have given rise to waves of protest throughout Europe. The goal of this volume is to study this ""public sector shock"".

Finance, Public --- Budget process --- Government spending policy

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Les stratégies d'assainissement budgétaire des pays membres de l'OCDE depuis l'année précédente, tant au niveau national qu'infranational. Il contient des notes nationales détaillées pour l'Allemagne, l'Australie, l'Autriche, la Belgique, le Canada, la Corée, le Danemark, l'Espagne, l'Estonie, les États-Unis, la Finlande, la France, la Grèce, la Hongrie, l'Irlande, l'Islande, l'Italie, etc. ©Electre 2015

Government spending policy --- Dépenses publiques --- Politique gouvernementale

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Deficit financing --- Government spending policy --- Budget deficits --- United States.