Fiscal sustainability report July 2013
In this third fiscal sustainability report, the OBR advise that the ageing of the population is likely to put pressure on the public finances, primarily as a result of upward pressure on public spending. As a result, some additional fiscal tightening is likely to be needed after the current crisis-related consolidation has been implemented. Since last year, the underlying deficit and debt path look less favourable. But this and the costs of long-term care reform are likely to be offset by the Government's announcement of additional spending cuts in 2017-18 and savings from the Single Tier pension.Table 2.1 1: Discount rates for central government pension schemes 2008-09 2009-10 2010-11 2011-12 2012-13 Discount ... 19 These discount rates are set in the Government Financial Reporting Manual (FReM), based on real yields of highanbsp;...
| Title | : | Fiscal sustainability report July 2013 |
| Author | : | Office for Budget Responsibility |
| Publisher | : | Stationery Office - 2013-07-17 |
You must register with us as either a Registered User before you can Download this Book. You'll be greeted by a simple sign-up page.
Once you have finished the sign-up process, you will be redirected to your download Book page.
How it works:- 1. Register a free 1 month Trial Account.
- 2. Download as many books as you like (Personal use)
- 3. Cancel the membership at any time if not satisfied.
