| The importance of designing a sustainable fiscal policy framework emerged in Greece in the most abrupt manner after the sharp rise in the budget deficit in 2008-2009 and the loss of access by the Greek State to the international capital markets in the beginning of 2010, causing its inability to refinance its debt. Through its studies on fiscal issues long before these developments, the FEIR had highlighted the potential threats that could lead to sharp fiscal imbalances domestically had proposed numerous ways to address and encounter them. The subjects of the studies on fiscal issues include the designing of policies to achieve fiscal consolidation, both on the state revenue side and on the expenditure side. The effect of implemented and potential fiscal policies on the economic activity of enterprises, as well as on households’ income and on public finances is also estimated and suggestions are made for their improvement. Strategies for the restructuring of the public sector are also included in the examined fiscal issues. Furthermore, the budget implementation is monitored and a debt sustainability analysis is regularly performed. |
