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Strategies of Fiscal Adjustment

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A Teaching Topic in Public Financial Management

Strategies of Fiscal Adjustment

This teaching topic introduces students to the concept of “fiscal adjustments,” and examines past efforts by governments in developed and developing countries to reduce harmful public debt burdens. This topic examines the key factors that have led some fiscal adjustment efforts to succeed and others to fail.

Recommended Reading (MPA 874)

Mauro, Paolo (2011). Chipping Away at Public Debt: Sources of Failure and Keys to Success in Fiscal Adjustment. Hoboken, NJ, Wiley. Introduction and Chapters 1 (Canada) and 9 (Conclusion)

Kelly, Joanne (2000). "Budgeting and Program Review in Canada 1994-2000." Australian Journal of Public Administration 59(3): 72-78.

International Monetary Fund, World Economic Outlook 2012: Coping with High Debt and Sluggish Growth, Chapter 3.

Page Created by: Matthew Seddon


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© University of Toronto 2008
School of Public Policy and Governance