A few days ago, the IMF published a study on the impact of inflation on public finances (“The Effects of Inflation on Public Finances“, May 5, 2023). The Study is based on the data of the member countries of the Fund from 1962 to the present day and comes to two interesting findings: 1. Regarding …
Tag: public sector spending
Necessity of the Restructuring of the Tax Systems after the end of the Pandemic
Many economies around the world have struggled to maintain a certain level of tax revenue without reducing any current levels of social well-being. Wages in most of the population, especially for low-skilled workers, were low. But the same thing happened with the drastic reduction of the middle class since the onset of the global financial …