II. Implications of Fiscal Developments for Government Debt Markets
Author:
International Monetary Fund. Fiscal Affairs Dept.
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Language:
English
Print Publication Date:
13 May 2010
Keywords:
FM; economy; debt ratio; debt; emerging economy; reform; CDS market; financing needs; low-income economy; debt maturity; emerging market spread; Fiscal consolidation; Fiscal stance; Global; Africa; Europe; Eastern Europe; Sub-Saharan Africa; maturity shortening; funding cost; government financing; financing requirement; Bond yields; Yield curve; Government securities

Abstract

13. Government financing needs remain exceptionally high in most advanced economies. This year, aggregate gross financing needs—defined as the new overall borrowing requirement, plus debt maturing during the year—will exceed 60 percent of GDP for Japan and reach 20 percent or more in many other advanced economies, including several in Europe, plus Canada and the United States (Table 6). Given relatively short average debt maturities—5½ years on average for advanced economies—and significant expected deficits, financing needs will remain high in the years to come.

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Cover Navigating the Fiscal Challenges Ahead
Navigating the Fiscal Challenges Ahead
ISBN:
9781455280490
ISSN:
2219-276X
Publication Date:
13 May 2010
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781455280490.089
Pages:
90

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