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Reeves warned current fiscal path may lead to short-termism and 'deterioration' of public finances
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investmentweek.co.ukThe Organisation for Economic Co-operation and Development (OECD) said in its latest report, that the current fiscal rules «may lead to short-termism and to a trend deterioration of public finance». It also warned the chancellor that the «current rules provide clear guidance about the medium-term plan for retuning to debt sustainability. But the rolling target window leads to sub-optimal fiscal policy and works against long-horizon public investment». OBR warns 'unsustainable' public debt set to reach 274% of GDP by late 2030s This comes a week after the Office for Budget Responsib...
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