財政重整經濟效益的分析與啟示

The Economic Impact of Fiscal Consolidation: Analysis and Lessons

後金融海嘯時代，許多國家面臨了「削減支出以健全財政」與「擴大支出以激刺經濟」的兩難抉擇。本文旨在釐清財政重整對經濟的短期影響與效益，並透過檢討推動財政重整國家的成功案例，期望能從其中學習到經驗與教訓。特別是，近年來我國政府歲出歲入短差龐鉅，債務累積未償餘額快速增加，財政問題浮現，本文的研究發現亦可提供我國未來在規劃與推動財政重整計畫時參考。

In the post-global financial crisis era, many countries face the dilemma of whether to restore fiscal soundness by cutting public spending now or stimulate the economy by fiscal expansion and deal with the aftermath later. The purpose of this study is to clarify the short-term and long-term economic impacts of fiscal consolidation, and, by examining the successful example of fiscal consolidation carried out by Sweden in the 1990s, seek to gain some understanding of how best to approach it. In particular, the knowledge gained and lessons learned from this study may prove to be useful for Taiwan, since its public debt has been ballooning in recent years, problems of fiscal management have been bubbling to the surface, and the government will need to formulate and implement plans for fiscal consolidation sooner or later.