Overall, fiscal risks remain elevated, according to this issue of the Fiscal Monitor, although there are signs that in some key respects they are less acute than six months ago. Though past efforts with fiscal consolidation are beginning to bear fruit, debt ratios in many advanced economies are at historic levels and rising, borrowing requirements remain very large, financial markets continue to be in a state of alert, and downside risks to the global economy predominate. In this uncertain environment, fiscal policy must find the right balance between exploiting short-term space to support the fragile recovery and rebuilding longer-term space by advancing fiscal consolidation. Against that background, the issue examines in more detail the concept of fiscal space, or the scope that policymakers have to calibrate the pace of fiscal adjustment without undermining fiscal sustainability.
| ISBN: | 9781616352486 |
| Publication date: | 30th September 2012 |
| Author: | International Monetary Fund |
| Publisher: | International Monetary Fund |
| Format: | Paperback |
| Pagination: | 82 pages |
| Series: | Fiscal Monitor |
| Genres: |
Public finance and taxation |
Overall, fiscal risks remain elevated, according to this issue of the Fiscal Monitor, although there are signs that in some key respects they are less acute than six months ago. Though past efforts with fiscal consolidation are beginning to bear fruit, debt ratios in many advanced economies are at historic levels and rising, borrowing requirements remain very large, financial markets continue to be in a state of alert, and downside risks to the global economy predominate. In this uncertain environment, fiscal policy must find the right balance between exploiting short-term space to support the fragile recovery and rebuilding longer-term space by advancing fiscal consolidation. Against that background, the issue examines in more detail the concept of fiscal space, or the scope that policymakers have to calibrate the pace of fiscal adjustment without undermining fiscal sustainability.
Balancing Fiscal Policy Risks features in the following genres: Public finance and taxation
Balancing Fiscal Policy Risks is available in Paperback
Balancing Fiscal Policy Risks was written by International Monetary Fund and published by International Monetary Fund
Balancing Fiscal Policy Risks has 82 pages
Yes it is part of Fiscal Monitor series