Ed Balls, Gus O’Donnell
Abstract
Achieving long-term fiscal sustainability is of key importance to every British person. It not only affects the welfare of future generations but also the future well-being of each existing generation. For this reason the assessment of the long-term effects of current policy settings needs to be a central part of the fiscal framework.
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Achieving long-term fiscal sustainability is of key importance to every British person. It not only affects the welfare of future generations but also the future well-being of each existing generation. For this reason the assessment of the long-term effects of current policy settings needs to be a central part of the fiscal framework.
Key concepts: Sustainability, Term (time), Fiscal sustainability, Key (lock), Welfare, Fiscal policy, Economics, Business