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A Guide and Tool for Projecting Public Gross Financing Needs
Author:
Santiago Acosta Ormaechea
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Leonardo Martinez
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Jorge Restrepo https://isni.org/isni/0000000404811396 International Monetary Fund

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Series:
Technical Notes and Manuals
Volume/Issue:
Volume 2025: Issue 001
Language:
English
Publication Date:
24 Jan 2025
DOI:
https://doi.org/10.5089/9798400289446.005
ISBN:
9798400289446
ISSN:
2075-8669
Pages:
37
Keywords:
Public gross financing needs; public debt dynamics; local- and foreign-currency debt; fiscal adjustment paths; Public Debt Dynamics Tool; DDT; DDT_GFN; dynamics tool; data input; public debt projection; adjustment scenario; data IMF Library; Fiscal stance; Foreign currency debt; Local currency debt; Fiscal consolidation
Legal-disclaimer:
This Technical Guidance Note should not be reported as representing the views of the IMF. The views expressed in this paper are those of the authors and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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This guide presents the analytical underpinnings and a manual for the Public Debt Dynamics Tool with Gross Financing Needs (DDT_GFN), an extension of the Public Debt Dynamics Tool (DDT). The DDT projects public debt as percent of GDP under a baseline and alternative scenarios. The DDT_GFN presents debt-to-GDP projections and the corresponding public gross financing needs (GFN)-to-GDP projections for all DDT scenarios, including fan charts for both public debt and GFN. The DDT_GFN also computes fiscal adjustment paths for a user defined GFN target and adjustment period. Twelve often publicly available macrofiscal variables are needed to perform a rich analysis of public debt and GFN dynamics. The DDT_GFN was developed by the IMF Institute for Capacity Development to be used for its capacity development work on macroeconomic frameworks for forecasting and policy analysis.
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Cover Technical Notes and Manuals
Technical Notes and Manuals
ISSN:
2075-8669
Publisher:
International Monetary Fund