Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/205595
Authors: 
Barker, Felicity C
Buckle, Robert A
Clair, Robert W St
Year of Publication: 
2008
Series/Report no.: 
New Zealand Treasury Working Paper No. 08/02
Publisher: 
New Zealand Government, The Treasury, Wellington
Abstract: 
Economic growth is one of the objectives of the current government. Fiscal policy, encompassing government expenditure and taxation decisions, can significantly impact on economic growth. This paper proposes a framework which views fiscal policy through three lenses and applies this approach to consider how fiscal policy affects economic growth. The three lenses are: fiscal sustainability, fiscal structure and fiscal stabilisation. The paper reviews international literature pertaining to these three lenses and discusses the extent to which these lenses are incorporated into New Zealand's current fiscal framework. Contemporary New Zealand fiscal challenges are discussed and, in light of these challenges, the paper concludes with consideration of areas to investigate which may yield improvements to the New Zealand fiscal framework.
Subjects: 
Fiscal policy
sustainability
stability
structure
taxation
government spending
economic growth
JEL: 
E6
E61
E62
E63
Creative Commons License: 
https://creativecommons.org/licenses/by/4.0/
Document Type: 
Working Paper

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