||Policies surrounding government expenditures and revenues are often concerned with
the size of the national public debt and whether it is sustainable or not. In this
paper, the recent fiscal trends of 14 OECD nations are assessed as sustainable or
unsustainable by employing the multicointegration framework and asserting corresponding
criteria for sustainability. Denmark, Norway, Finland, Canada, Sweden, Portugal, and
Austria are found to exhibit sustainable fiscal policies during the paper’s sample
period, whereas the policies of the United States, Italy, France, Netherlands, United
Kingdom, Spain, and Japan are determined to be unsustainable.