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A Status Update on Fiscal Exit Strategies
Author:
International Monetary Fund
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Series:
IMF Working Papers
Volume/Issue:
Volume 2010: Issue 272
Language:
English
Publication Date:
01 Dec 2010
DOI:
https://doi.org/10.5089/9781455210794.001
ISBN:
9781455210794
ISSN:
1018-5941
Pages:
66
Keywords:
WP; country authorities; adjustment plan; real GDP; output gap
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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With a modest recovery in the global economy underway, and amid rising concerns about the sharp increase in government debt in several countries, debate has increasingly focused on the need to identify and implement fiscal exit strategies. This paper reviews the medium-term plans of 25 countries - the G20 plus six others with large adjustment needs - and finds that most of them have made reasonable progress in defining these strategies. Nevertheless, strategies fall short in some areas, including committing to long-term debt targets, spelling out adjustment measures in detail, and tackling rising health care costs.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund