This product may not be available anymore.
for similar products.
CAIRO BOOKS's Description
Worldwide experience highlights public finance policies that promote economic
growth while meeting the need for fundamental public goods. Macroeconomic
stability is essential, as large budget deficits retard growth, followed by
moderate levels of public spending - around one-third of GDP or less -
especially when governance and public administration are weak; that in turn
requires efficiency, particularly in areas such as infrastructure, health,
education, and social protection; finally, lower income and payroll tax rates
can spur investment and employment. The Eastern European and Central Asia
countries pioneered flat income taxes without generally suffering revenue
losses as a result, but they have not addressed the problem of high payroll
taxes and still face many hurdles in improving the efficiency and effectiveness
of public spending and revenue generation.