Wednesday, August 9, 2017

Despite a fiscal surplus both last year and this year, fiscal policy is expansionary. The surplus, however, reflects the government’s inability to invest rather than a policy choice. As investment recovers next year, higher public sector wages and social expenditures will push the balance to a deficit again. 

IIF Authors

Ondrej Schneider

Ondrej
Schneider
Chief Economist
+1-202-857-3635
oschneider@iif.com

Yalcin Oney

Yalcin
Oney
Research Analyst
+1 202 857-3640
yoney@iif.com

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