From Stimulus to Consolidation - Revenue and Expenditure Policies in Advanced and Emerging Economies

Publication Date:

April 30, 2010

Electronic Access:

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Summary:

This paper identifies policy tools to support fiscal consolidation in the years ahead. Its starting point is the analysis in the recent Board papers describing strategies for fiscal consolidation (IMF, 2010a, 2010b), which showed that on current trends, general government debt in advanced countries would rise 36 percentage points of GDP during 2007–14, and that age-related spending (health and pension) would rise rapidly later, further adding to fiscal pressures. Trends are more favorable in emerging economies, but adjustments are needed there too.

Also Available in Russian

Series:

Policy Papers

Subject:

English

Publication Date:

April 30, 2010

Price:

Free

Format:

Paper

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