Under the Universal Credit reform, the main means-tested benefits except the Council Tax Benefit will be pooled into one single benefit with one single taper rate. The reform will give people better incentives to work, reduce complexity and contribute to reducing poverty.

Italy has made considerable progress in strengthening its public finances and adopting wide-ranging reforms to boost economic growth. The new government must build on past achievements and ensure that they are sustained and reinforced, says a new OECD report.

OECD Secretary-General Angel Gurría strongly supports President François Hollande’s recently announced measures to revitalise the French economy and set it on a path towards stronger growth.

The recent economic crisis has provided a stress test for the vulnerability of social institutions. This paper assesses the vulnerability of social institutions in light of the current crisis, and surveys past episodes, when social institutions faced similar challenges.

While the outlook for many OECD countries remains subdued, Emerging Asia is set for healthy growth over the medium term. Annual GDP growth for the ASEAN -10, China and India is forecast to average 6.5% over 2015-19. Growth momentum remains robust in the 10 ASEAN countries, with economic growth averaging 5.6% over 2015-19.

New global trend such as jobless growth, a rising youth population and resource scarcity threaten to undo much of the progress of recent decades in securing people’s ability to make a living, according to a new report by the OECD Development Centre launched in Paris today at the OECD Global Forum on Development.

This paper first decomposes labour productivity growth over 2000-11 into a within-industry, a shift and a cross effect in a number of countries and compares China with other countries over this period. This shift-share analysis also allows a comparison of within-sector productivity gains across a large number of sectors and countries.

The ECB, the Bank of Japan and five other central banks in Europe have applied negative interest rates on commercial banks’ reserves. This additional monetary policy stimulus, following large asset purchases by central banks in some of these areas, should boost the economy and thus raise inflation closer to target.

In 2015 the Lithuanian government launched an ambitious Social Model reform agenda aimed at balancing flexibility of the labour market and security provided through the system of social protection.

In 2015 the Lithuanian government launched an ambitious Social Model reform agenda aimed at balancing flexibility of the labour market and security provided through the system of social protection.

Across the OECD, GDP per capita is converging. In contrast, regional disparities – or differences in GDP per capita across jurisdictions – are rising, mainly as a result of widening productivity differences. Fiscal decentralisation could help reduce them again. According to new OECD research, assigning more ownsource revenue to sub-national governments dampens regional GDP disparities and underpins regional convergence.

The generous Danish welfare state relies on a high degree of labour force participation both for financing and in order to ensure social cohesion.

The generous Danish welfare state relies on a high degree of labour force participation both for financing and in order to ensure social cohesion.

This study explores the effectiveness of the incentive mechanisms embedded within the UK’s Funding for Lending Scheme (FLS) for banks’ to expand their supply of lending to medium sized enterprises (SMEs).

This study explores the effectiveness of the incentive mechanisms embedded within the UK’s Funding for Lending Scheme (FLS) for banks’ to expand their supply of lending to medium sized enterprises (SMEs)

New Zealand enjoyed strong economic growth during 2016, driven by high net inward migration, solid construction activity, booming tourism and supportive monetary policy, although in per capita terms growth has been more in line with that in other advanced economies.

Financial globalisation has given international capital flows a central role in the functioning of the global economy and has therefore led to considerable economic research over the past 30 years.

This paper compares Finland’s benefit system with two benefit reform scenarios: a uniform benefit for all ("basic income") and a universal tapering rule ("universal credit").

This paper uses a novel data set of digital technology usage covering 25 industries in 25 European countries over the 2010-16 period to explore the drivers of digital adoption across two broad sets of digital technologies by firms, cloud computing and back or front office integration.

The Brazilian economy has made a rapid recovery from the global economic crisis, but further reforms are necessary to boost long-term growth, spur investment and further reduce poverty, according to the OECD’s latest Economic Survey of Brazil.

This book examines regional innovation in central and southern Denmark, looking at its role in the economy, its governance and policy context and regional strategies for innovation driven growth.

Secretary-General Angel Gurría welcomes a network of senior officials attending the 31st Centres of Government (COG) meeting held in London. Highlights include the importance of institutions in economic reform through improved co-ordination, outreach and transparency.

This book deals with two issues. The first concerns the various measurement of fiscal decentralization in general and their usefulness for policy analysis. The second and more specific issue concerns the taxonomy of intergovernmental grants and the limits of the current classifications.

Governments are major issuers of debt instruments in the global financial market. This volume provides quantitative information on central government debt instruments for the 34 OECD countries.

Fiscal rules that constrain sub-central government (SCG) budgeting are very common across the OECD, but there are substantial cross-country differences in their implementation and impact. This paper presents the 2011 update of the fiscal rules database established in 2005.

This blog, written by David Satterthwaite with the International Institute for Environment and Development (IIED), discusses what indicators are needed in order to assess the quality of life of the urban poor.

While the outlook for many OECD countries remains subdued, Emerging Asia is set for healthy growth over the medium term. Annual GDP growth for the ASEAN -10, China and India is forecast to average 6.5% over 2015-19. Growth momentum remains robust in the 10 ASEAN countries, with economic growth averaging 5.6% over 2015-19.

The world is experiencing a wave of urbanisation that has the potential to greatly benefit residents, countries and the planet at large. This report analyses the secrets of successful cities and the policies that contribute to their success.

Colombia has engaged in a sustained process of fiscal decentralisation over the past decades. Evidence is presented that the current framework is conducive to fiscal sustainability, especially after the reforms in the late 1990s and early 2000s.

Blog article on the complex and multi-dimensional challenges faced by city policy-makers in addressing urban issues at all levels of government.

One of the key institutions that can play a role in steering the delivery of the SDGs by highlighting trade-offs, enabling policies across issue areas to address multiple and sometimes competing objectives is the Centre of Government.

Across the OECD, GDP per capita is converging. In contrast, regional disparities – or differences in GDP per capita across jurisdictions – are rising, mainly as a result of widening productivity differences. Fiscal decentralisation could help reduce them again. According to new OECD research, assigning more ownsource revenue to sub-national governments dampens regional GDP disparities and underpins regional convergence.

The growth pattern of OECD countries and their sub-national entities is puzzling. Between-country differences in GDP per capita are declining, yet the differences across jurisdictions within those countries tend to rise.

Fiscal decentralisation can lead to a more efficient provision of local public goods and services and promote a better match between policies and citizens’ preferences.

This paper investigates the relationship between fiscal decentralisation and economy-wide disposable income inequality.

The scale of the transition to a green, low-emissions and climate-resilient economy is enormous – it is the biggest structural adjustment ever proposed in the field of international governance. The OECD Centre will catalyse and support the transition to a green, low-emissions and climate-resilient global economy through the development of effective policies, institutions and instruments for green finance and investment.

The Centres of Government meetings review issues on how to make the centre of national government work more effectively. They are held annualy by a member of the network.

On January 26th and 27th the Ministry of Regional Development of Ukraine and the OECD organised a seminar in Kiyv focusing on recent decentralisation and territorial reforms in Ukraine and in OECD countries.

This seminar was held in Mykolaiv on 5 March, 2017. Ukrainian sub-national officials, policy makers and other stakeholders shared their experience in decentralisation reform and its impact with respect to administrative capacity, investment capacity and service delivery capacity, particularly at the local level.

In 1998 Indonesia embarked on an ambitious course of decentralisation. Over a period of a few years, facilitated by financial transfers from the central government, responsibility for many public services and administrative tasks were devolved to local authorities.

This seminar series is part of the OECD project, Supporting Decentralisation in Ukraine. The 2nd seminar on Strengthening the Subnational Partnership, took place in Mykolaiv ON 15 March 2017.

In a historic visit by Chinese Premier Li Keqiang to the OECD in Paris, the People’s Republic of China today decided to enhance longstanding collaboration with the OECD and to join the OECD Development Centre.

In conflict or high-risk areas, the exploitation of natural mineral resources companies involved in mining and trade in minerals have the potential to generate income, growth and prosperity, but may also be at risk of directly or indirectly fuelling armed conflict, gross violations of human rights, and impeding economic and social development.

Fifty years ago, the world watched in awe as the first humans landed on the moon. Today, artificial intelligence (AI) is helping us to build on this achievement, by giving us the power to map the moon, to locate and count craters, and even (virtually) to moonwalk!

Exports (Fob): Primary Prds - Iron Ore & Concentrates in Brazil decreased to 105 USD Million in April from 1390.27 USD Million in March of 2020. Exports (Fob): Primary Prds - Iron Ore & Concentra in Brazil averaged 624.63 USD Million from 1970 until 2020, reaching an all time high of 4469.09 USD Million in August of 2011 and a record low of 11.79 USD Million in January of 1970. This page includes a chart with historical data for Brazil Exports of : Primary Prds - Iron Ore & Conce.

Loans To Private Sector in Central African Republic increased to 120.10 XOF Billion in July from 112.50 XOF Billion in June of 2014. Loans To Private Sector in Central African Republic averaged 84.86 XOF Billion from 2005 until 2014, reaching an all time high of 142.20 XOF Billion in January of 2013 and a record low of 49.30 XOF Billion in May of 2005. Loans To Private Sector in Central African Republic is reported by the Central Bank of West African States (BCEAO). This page provides - Central African Republic Loans To Private Sector - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Debt in Lithuania decreased to 15792.20 EUR Million in March from 16011.90 EUR Million in February of 2020. Government Debt in Lithuania averaged 9851.10 EUR Million from 2003 until 2020, reaching an all time high of 17304 EUR Million in January of 2020 and a record low of 3249.10 EUR Million in February of 2004. This page provides the latest reported value for - Lithuania Central Government Debt - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Turkey recorded a Government Budget deficit equal to 2.90 percent of the country's Gross Domestic Product in 2019. Government Budget in Turkey averaged -4.71 percent of GDP from 2001 until 2019, reaching an all time high of -0.60 percent of GDP in 2006 and a record low of -33 percent of GDP in 2001. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides the latest reported value for - Turkey Government Budget - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Exports of Iron Orea & Concenttrates CMLV in Russia increased to 323.20 USD Million in February from 161.30 USD Million in January of 2020. Exports of Iron Orea & Concenttrates CMLV in Russia averaged 558.85 USD Million from 1994 until 2020, reaching an all time high of 3248 USD Million in December of 2011 and a record low of 6.70 USD Million in January of 1999. Russia accounts for Exports of Iron Orea & Concenttrates using cumulative values for each year (CMLV). This page includes a chart with historical data for Russia Exports of Iron Orea & Concenttrates CMLV.

External Debt in Slovenia increased to 45401 EUR Million in the first quarter of 2020 from 44987.30 EUR Million in the first quarter of 2020. External Debt in Slovenia averaged 14708.21 EUR Million from 1997 until 2020, reaching an all time high of 45401 EUR Million in the first quarter of 2020 and a record low of 1059 EUR Million in the third quarter of 2012. In Slovenia, external debt is a part of the total debt that is owed to creditors outside the country. This page provides - Slovenia External Debt - actual values, historical data, forecast, chart, statistics, economic calendar and news.