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Spending and Revenue Growth Since 2007

Created on November 20, 2014

Spending and Revenue Growth Since 2007

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Read the original report, "The IMF’s Analysis of the U.S. Economy: Faulty Assumptions and Bad Policy Advice," by James M. Roberts.

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Notes: Figures for 2011 are used for countries lacking 2012 data. Chart includes only those countries in which GDP fell from 2007 to 2009. Sources: Organisation for Economic Co-operation and Development, Stat Extracts, Annual National Accounts, Table 12: “Government Deficit/Surplus, Revenue, Expenditure and Main Aggregates,” 1995–2012, http://stats.oecd.org/ (accessed May–December 2013), and European Commission, Eurostat, s.v. “General Government Expenditure by Function (COFOG),” http://epp.eurostat.ec.europa.eu/portal/page/portal/statistics/search_database (accessed January, 2014).

CHART 1 • BG 2976

Tags: International-Monetary-Fund, IMF, austerity