Population aging and financing of government liabilities in New Zealand

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Population aging and financing of government liabilities in New Zealand, Volume 1

Author:	Polackova, Hana;	Collection Title:	Policy, Research working paper ; no. WPS 1703
Country:	New Zealand;	Date Stored:	1997/02/01
Document Date:	1997/02/28	Document Type:	Policy Research Working Paper
Language:	English	Major Sector:	Public Administration, Law, and Justice
Region:	East Asia and Pacific	Report Number:	WPS1703
Sub Sectors:	Other Public Sector Management	SubTopics:	Environmental Economics & Policies; Economic Theory & Research; National Governance; Banks & Banking Reform; Health Monitoring & Evaluation; Public Health Promotion; Public Sector Economics
Volume No:	1

Summary: In New Zealand in the next 50 years, an aging population is expected to elevate government liabilities and weaken the government's fiscal position. To maintain fiscal balance, the government must either substantially pre-fund future increases in its liabilities or significantly raise taxes in the 2030's-40's, following few small possible tax cuts in the next 10 to 15 years. Expected fiscal problems are related to the increasing costliness of publicly providing for health care and retirement. Moreover, the aging population's negative effects on the fiscal balance could be exacerbated by any slackening in economic performance or in fiscal prudence. Long-term fiscal projections for the country, and literature on the problem, indicate that the most effective way to contain the expected rise in government liabilities is to reform health care and pension policies.


Official Documents Official, scanned versions of documents (may include signatures, etc.)
File Type		Description	File Size (mb)

	PDF 62 pages	Official version*	4.34 (approx.)
	Text	Text version**


Light-Weight Documents Lighter (less MB) documents which may or may not be the final, official version
File Type		Description	File Size (mb)

	PDF 62 pages	WPS1703	2.27

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