Most prominent among them are the arrangements with regard to public-sector wages, the various kinds of indexation in the goods and services markets, and inflation-adjusted taxation and reporting regulations. The government needs to address all these issues in order to get rid of them once and for all.
BIS Review 34/2001  3  c.  The third difficulty: managing fiscal policy in order to reduce government debt  In this sphere, too, several problems have arisen: •  First, there was a longstanding tradition in Israel and the world according to which the budget can serve as a counter-cyclical instrument, with a surplus during a period of prosperity and a deficit during a slump.