Next year, the US Old Age and Survivors Insurance trust fund (OASI) for the first time since early 1980s will have a deficit of 13 billion dollars. According to the projections of the US Whitehouse Office of Management and Budget, by 2020 the deficit of the largest US retirement fund will deepen to $123 bln - the level never seen in history.
Despite the expected surpluses in others social and Medicare funds, the US federal social security system as a whole will become insolvent in the next 5 years. Aggregate deficit of the US Social Security trust funds (OASI and the Disability Insurance funds) would amount $70 bln. by the 2020, and about $43 bln. counting Medicare trusts.
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Revenues by Major Source | Outlays by Type of Spending | Budget Deficits and Surpluses | Social Insurance Tax Revenues Projections | Revenues Projected in SBO Baseline | Trust Fund Balances Projected in SBO's Baseline | Federal Debt Held by the Public
This dashboard provides an information about governance trends by country from different points of view, namely: The Open Budget Index measures the overall commitment of countries to transparency,The Press Freedom Index illustrates just violations of freedom of information,The Worldwide Governance Indicators shows the views on the quality of governance provided by a large number of enterprise, citizen and expert survey respondents in industrial and developing countries. *Explore Worldwide Governance dataset for more relevant indicators.
Unprecedented changes to the international tax system are expected over the next five years. An OECD/G20 global campaign to address tax base erosion and profit shifting (BEPS) is in full swing and could dramatically alter the tax landscape. According to a November 2014 update from the OECD: BEPS refers to corporate tax planning strategies that exploit gaps and mismatches in tax rules between countries to artificially shift profits to low or no-tax locations characterized by little or no economic activity, resulting in little or no overall corporate tax being paid. BEPS would potentially have major implications for developing countries due...