Addressing high public debt: selective expenditure restraint matters

By Álvaro Pina, Mauricio Hitschfeld and Martin Borowiecki, OECD Economics Department In dealing with significant fiscal challenges posed by ageing and the climate transition and the risk of rising future debt burdens, countries can draw on the lessons from past episodes of large and sustained reductions in debt-to-GDP. Work in the November 2023 OECD Economic… Read More »Addressing high public debt: selective expenditure restraint matters