NDLI: Securing fiscal sustainability during the economic downturn and beyond

Content Provider	OECD iLibrary
Organization	OECD
Abstract	The current crisis is undermining the fiscal position while the increase of costs of ageing is expected to start accelerating substantially in the coming years. Thus, the room for discretionary fiscal policy to support the economy is limited and the effectiveness of unilateral stimulus measures beyond those already adopted is constrained. However, such short-term measures provide an opportunity for introducing long-term structural reforms as part of the package. The fiscal consolidation efforts, supported by relatively high GDP growth and low interest rates on public debt during the past years, have recently faltered and the objective of generating increasing surpluses has become unrealistic in the medium run. Looking forward, the main challenge for fiscal policy is to devise a realistic and credible path towards fiscal sustainability. With a weaker than earlier expected role for prefunding, renewed efforts to control the growth in ageing related costs should include a pension reform. Significant institutional reforms can help improve the credibility of future commitments.
Page Count	18
Starting Page	45
Ending Page	57
Language	English
Publisher	OECD Publishing
Publisher Date	2009-07-08
Access Restriction	Open
Subject Keyword	Economics
Content Type	Text
Resource Type	Chapter

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

Securing fiscal sustainability during the economic downturn and beyond