Fiscal Monitor, April 2014

Public Expenditure Reform: Making Difficult Choices

• Author(s): Ms.Martine Guerguil, Mr.Michael Keen,
• Publisher: International Monetary Fund
• Pages: 98
• ISBN_10: 1475576935
  ISBN_13: 9781475576931
  
• Language: en
• Categories: Business & Economics / Public Finance , Business & Economics / Economics / Macroeconomics , Business & Economics / Finance / General ,

Description:... 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.