Committee for a Responsible Federal Budget

Fiscal Turnarounds: International Success Stories

Feb 22, 2010 | Budgets & Projections

The U.S. is not alone in facing massive budget deficits and an exploding debt, nor is it the first country to face this type of situation. There are important lessons we can learn from other countries' fiscal turnarounds. In this paper CRFB discusses the experiences of Canada, Denmark, Finland, Ireland, and Sweden in successfully bringing their debt under control.