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date: 20 January 2020

Abstract and Keywords

The chapter documents the evolution of fiscal balances, public debt, and revenue and expenditure ratios as well as GDP growth, and inflation in the Pacific Rim economies over the past two decades. It also provides a brief summary of the some of the factors that underlie these developments, noting in particular budgetary policies, including tax and expenditure policies, and the role of budgetary institutions. In addition, the chapter discusses the relationship between growth, interest rates, fiscal positions, and debt sustainability The chapter highlights the heterogeneity of fiscal experiences of countries in the region and the varied challenges that they face over the medium and long run to ensure sustainable public finances.

Keywords: fiscal balances, public debt, revenue, expenditure ratios, GDP growth, inflation, Pacific Rim economies, budgetary policies, interest rates, public finances

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