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Could the decrease in Belgian government debt-servicing costs offset increased age-related expenditure?

Mikkel Barslund   ORCID icon orcid.org/0000-0001-6539-642X ; Centre for European Policy Studies, Brussels, Belgium
Lars Ludolph   ORCID icon orcid.org/0000-0002-5334-4486 ; Centre for European Policy Studies, Brussels, Belgium

Puni tekst: engleski, pdf (756 KB) str. 225-246 preuzimanja: 88* citiraj
APA 6th Edition
Barslund, M. i Ludolph, L. (2019). Could the decrease in Belgian government debt-servicing costs offset increased age-related expenditure?. Public Sector Economics, 43 (3), 225-246. Preuzeto s https://hrcak.srce.hr/225235
MLA 8th Edition
Barslund, Mikkel i Lars Ludolph. "Could the decrease in Belgian government debt-servicing costs offset increased age-related expenditure?." Public Sector Economics, vol. 43, br. 3, 2019, str. 225-246. https://hrcak.srce.hr/225235. Citirano 21.09.2020.
Chicago 17th Edition
Barslund, Mikkel i Lars Ludolph. "Could the decrease in Belgian government debt-servicing costs offset increased age-related expenditure?." Public Sector Economics 43, br. 3 (2019): 225-246. https://hrcak.srce.hr/225235
Harvard
Barslund, M., i Ludolph, L. (2019). 'Could the decrease in Belgian government debt-servicing costs offset increased age-related expenditure?', Public Sector Economics, 43(3), str. 225-246. Preuzeto s: https://hrcak.srce.hr/225235 (Datum pristupa: 21.09.2020.)
Vancouver
Barslund M, Ludolph L. Could the decrease in Belgian government debt-servicing costs offset increased age-related expenditure?. Public Sector Economics [Internet]. 2019 [pristupljeno 21.09.2020.];43(3):225-246. Dostupno na: https://hrcak.srce.hr/225235
IEEE
M. Barslund i L. Ludolph, "Could the decrease in Belgian government debt-servicing costs offset increased age-related expenditure?", Public Sector Economics, vol.43, br. 3, str. 225-246, 2019. [Online]. Dostupno na: https://hrcak.srce.hr/225235. [Citirano: 21.09.2020.]

Sažetak
This paper argues that none of the secular trends that have driven down real interest rates over the past decades is likely to reverse in the near future. Government debt-servicing costs have therefore decreased significantly and can be expected to decrease further over the coming years. We calculate the direct gains accruing to the Belgian government from lower net debt interest payments and contrast them to the projected future increases in age-related expenditures. If interest rates remain on their current levels and savings on interest payments are channelled to cover the increases in age-related expenditures, they will cover two thirds of financing needs in these areas until 2030.

Ključne riječi
interest rates; ageing; government debt management; risk

Hrčak ID: 225235

URI
https://hrcak.srce.hr/225235

Posjeta: 150 *