Fiscal Monitor, April 2014: Public Expenditure Reform: Making Difficult Choices
Business & Finance, Economics, Public Finance, Money & Monetary Policy, Finance & Investing, Taxation
| Author: | ISBN: | 9781475576931 | |
| Publisher: | INTERNATIONAL MONETARY FUND | Publication: | April 9, 2014 |
| Imprint: | INTERNATIONAL MONETARY FUND | Language: | English |
| Author: | |
| ISBN: | 9781475576931 |
| Publisher: | INTERNATIONAL MONETARY FUND |
| Publication: | April 9, 2014 |
| Imprint: | INTERNATIONAL MONETARY FUND |
| Language: | English |
Fiscal risks are abating somewhat but remain elevated. In advanced economies, recent policy moves have broadly stabilized public debt ratios, but medium-term prospects are still uncertain, and debt remains at historic highs. Fiscal vulnerabilities are rising in both emerging market economies and low-income countries, although in most cases from relatively moderate levels. Across country groups, fiscal policy should aim at rebuilding policy space while supporting the recovery and long-term growth prospects.
Fiscal risks are abating somewhat but remain elevated. In advanced economies, recent policy moves have broadly stabilized public debt ratios, but medium-term prospects are still uncertain, and debt remains at historic highs. Fiscal vulnerabilities are rising in both emerging market economies and low-income countries, although in most cases from relatively moderate levels. Across country groups, fiscal policy should aim at rebuilding policy space while supporting the recovery and long-term growth prospects.
