Abstract
ABSTRACTAn intertemporal public sector balance sheet is the most comprehensive way to evaluate long-term fiscal sustainability. But data constraints imply that it is still seldomly used. In this article, we illustrate the considerable value added of such an analysis over standard debt sustainability analyses, using the example of Norway and find surprising results: The immense wealth in its oil fund is insufficient to address future aging pressures, including because nonoil fiscal deficits have already grown large.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.