## Preface

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### Projection Basis and Scope
- The projections included in this issue of the Fiscal Monitor are drawn from the same database used for the October 2024 World Economic Outlook and Global Financial Stability Report (and are referred to as “IMF staff projections”).
- Fiscal projections refer to the general government, unless otherwise indicated.
- Short-term projections are based on officially announced budgets, adjusted for differences between the national authorities and the IMF staff regarding macroeconomic assumptions.
- The fiscal projections incorporate policy measures that are judged by the IMF staff as likely to be implemented.
- For countries supported by an IMF arrangement, the projections are those under the arrangement.
- In cases in which the IMF staff has insufficient information to assess the authorities’ budget intentions and prospects for policy implementation, an unchanged cyclically adjusted primary balance is assumed, unless indicated otherwise.
- Details on the composition of the groups, as well as country-specific assumptions, can be found in the Methodological and Statistical Appendix of the October 2024 Fiscal Monitor.

### Preparation and Editorial Responsibility
- The Fiscal Monitor is prepared by the IMF Fiscal Affairs Department under the general guidance of Vitor Gaspar, Director of the Department.
- The project was directed by Era Dabla-Norris, Deputy Director, and Davide Furceri, Division Chief.
- The Methodological and Statistical Appendix was prepared by Xueqi Li under the guidance of Alexandra Solovyeva.
- Axana Abreu Panfilova, Wala’a El Barasse, and Gemma Diaz from the Communications Department led the editorial team and managed the report’s production, with editorial and production support from Michael Harrup, Lucy Scott Morales, Katy Whipple, Harold Medina, Absolute Service, Inc., and The Grauel Group.

### Chapter 1 Authors and Contributions
- The main authors of Chapter 1 in this issue are W. Raphael Lam (team lead) and Jeta Menkulasi (team lead), Yongquan Cao, Daniel Garcia-Macia, Camilo Gomez Osorio, Faizaan Kisat, Anh Dinh Minh Nguyen, Felipe Palmeira Bardella, Sergejs Saksonovs, Alexandra Solovyeva, and Bryn Welham.
- With contributions from Vybhavi Balasundharam, Javier Bianchi (Federal Reserve Bank of Minneapolis), Luca Bettarelli (University of Palermo), Domenico Giannone, Pablo Ottonello (University of Maryland), Ignacio Presno (Federal Reserve Board), Yongzheng Yang, and Chenlu Zhang.
- Hongchi Li, Xueqi Li, and Zhonghao Wei provided excellent research assistance.
- Meron Haile and Andre Vasquez provided excellent coordination and editorial support.
- The chapter also benefited from discussions with Jean-Marc Atsebi, Gabriel Hegab, João Jalles (University of Lisbon), Manabu Nose, Graham Prentice, Julien Reynaud, and Alessandro Scipioni.

### Review, Inputs, and Workshop Feedback
- Inputs, comments, and suggestions were received from other departments in the IMF, including area departments—namely, the African Department, Asia and Pacific Department, European Department, Middle East and Central Asia Department, and Western Hemisphere Department—as well as the Communications Department, Institute for Capacity Development, Legal Department, Monetary and Capital Markets Department, Research Department, Secretary’s Department, Statistics Department, and Strategy, Policy, and Review Department.
- Chapter 1 of the Fiscal Monitor also benefited from comments by Tobias Broer (Paris School of Economics), Michele Cavallo (Federal Reserve Board), Canlin Li (Federal Reserve Board), Josefin Meyer (DIW Berlin), Ugo Panizza (Geneva Graduate Institute), and Eric Parrado Herrera (Inter-American Development Bank) in the IMF workshop on “Putting a Lid on Public Debt” in July 2024.

### Attribution and Use
- Both projections and policy considerations are those of the IMF staff and should not be attributed to workshop participants, Executive Directors, or to their national authorities.

*Preface — International Monetary Fund | October 2024*

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_Source: https://www.imf.org/-/media/files/publications/fiscal-monitor/2024/october/english/preface.pdf_