## Dataset overview

## Source details

**Canonical URL:** [Dataset overview](https://www.imf.org/-/media/files/publications/fiscal-monitor/2025/data/2025aprfiscalmonitordatabase.xlsx)

## Other formats

- [Markdown version](/-/media/files/publications/fiscal-monitor/2025/data/2025aprfiscalmonitordatabase.xlsx.md)
- [Structured JSON version](/-/media/files/publications/fiscal-monitor/2025/data/2025aprfiscalmonitordatabase.xlsx.json)

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### Coverage and structure
- File: 2025aprfiscalmonitordatabase (spreadsheet with multiple worksheets).
- Worksheets present (sampled): "Table of Contents", "FM Database Apr 2025", "Figure 1.1.1", "Figure 1.1.2", "Figure 1.1.3", "Figure 1.1.4", "Figure 1.2", "Figure 1.3", "Figure 1.4.1", "Figure 1.4.2", "Figure 1.4.3", "Figure 1.5", "Figure 1.6", "Figure 1.7", "Figure 1.8.1", "Figure 1.8.2", "Figure 1.9.1", "Figure 1.9.2", "Figure 1.10", "Figure 1.11", "Figure 1.12", "Figure 1.13.1", "Figure 1.13.2", "Figure 1.14.1", "Figure 1.14.2", "Figure 1.15", "Figure 1.16", "Figure 1.17", "Figure 1.18", "Figure 1.19", "Figure 1.20.1", "Figure 1.20.2", "Figure 1.21", "Figure 1.22.1", "Figure 1.22.2", "Figure 1.22.3", "Figure 1.22.4", "Table 1.1", "Table 1.2".
- Worksheets vary in size; examples:
  - "Figure 1.1.1": rowCount 365, columnCount 6.
  - "Figure 1.3": rowCount 1386, columnCount 36.
  - "Figure 1.9.1": rowCount 2694, columnCount 183.
  - "Figure 1.14.1": rowCount 1602, columnCount 25.

### Key variables, metrics, and sample values
- Figure 1.1.1 (monthly series) sample rows:
  - 1995-01-01: Trade Policy Uncertainty Index = 76.93011595708687; VIX = 61.47007498611335.
  - 1995-02-01: Trade Policy Uncertainty Index = 73.98900957491938; VIX = 57.4421825027356.
  - 1995-05-01: Trade Policy Uncertainty Index = 116.45243439980814; VIX = 61.42812454768646.
- Figure 1.1.2 (publication_datetime series) sample row:
  - 2005-01-01: United States = 99.13365663200285; China = 99.12121930717021; Global = 98.98078494033022.
- Figure 1.3 and Figure 1.4.x: financial markets time series (EMBI, S&P 500, 10-year yields, breakeven inflation); sample:
  - 2019-12-26: EMBIG (Corporate) = 298.5; EMBIG (Sovereign) RHS = 292.185; S&P 500 = 3239.91; US 10-Year bond (sample cell) = 1.895.
  - Data cut-off timestamp appears as "2025-04-14T00:00:00.000Z" in these worksheets.
- Figure 1.6 (term premium and yield series) sample rows (DATE and ACMY10 etc.):
  - 30-Jun-1961: ACMY10 = 3.8673114531014834; ACMTP10 = 0.17628013118008612; ACMRNY10 = 3.6910313219213973.
  - 31-Jul-1961: ACMY10 = 4.024963634519365; ACMTP10 = 0.42238396454556026; ACMRNY10 = 3.6025796699738044.
- Figure 1.7 (coefficients and estimates) sample rows:
  - Row sample (2004): coeff_debt_1plus = 0.108738739; coeff_debt = 0.088976478; coeff_debt_1minus = 0.069214216; Point estimate for the whole sample = 0.026; range = 0.039524523000000006.
- Figure 1.9.2 (maturity buckets by region) sample rows:
  - "2023-01": AE 0 - below 10 years = 2.144013084020743; AE 10 - below 30 years = 2.953399307763323; AE 30 and over years = 4.386788670290111; EM 0 - below 10 years = 10.06928654094736.
- Figure 1.11 (fiscal revenues in emerging markets) sample rows:
  - 2016: Q25 = 19.58290206599038; Q75 = 33.60578148732559; Mean_All = 29.37474179528604; Median_All = 25.68403290077223; Historical_Avg_2010_19 = 30.2060541479731.
  - Data cut-off time: 04/14/2025.
- Table 1.2 (General Government Debt, 2020-30) sample values:
  - World Gross Debt series sample: 2015 = 79.51456534484606; 2016 = 83.36946606769371; 2017 = 82.14392851557119; 2024 = 95.0569260741284; 2030 = 99.5844735982171.
  - Advanced Economies sample: 2015 = 103.0795606562832; 2016 = 105.39778264744855; 2024 = 110.07467899203367; 2030 = 113.29188766624405.

### Projections, ranges, and scenario components (sample entries)
- Figure 1.14.2 ("Debt-at-Risk Drivers for the World (Three Years Ahead)") sample values:
  - Debt-at-Risk (2026) base = 114.2894141566145.
  - Change in debt-to-GDP (2027 vs. 2026) base = 114.2894141566145; Up = 1.1987495919933338; Flow = 1.1987495919933338.
  - Initial debt = 115.48816374860783; Up = 0.039607189147673666.
  - Primary deficit (row labeled "Primary \ndeficit") base = 115.5277709377555; Up = 0.3947835468131122.
  - Financial conditions base = 115.92255448456862; Up = 0.2953064503681083.
  - Economic and political uncertainty and risks base = 116.21786093493672; Up = 0.21500783594573314.
- Figure 1.22.2 (debt uncertainty, years after shock) sample:
  - years after shock 0: debt uncertainty = -0.1060531; standard error = 0.0632807; lower bound_s = -0.2326145; upper bound_s = 0.020508299999999993.
  - years after shock 1: debt uncertainty = -0.0934216; standard error = 0.0819818.

### Metadata and data quality notes
- Worksheets include formulas, shared formulas, and cells with "#N/A" errors in some computed fields (sample worksheets: Figure 1.3, Figure 1.14.1).
- Dates are provided in multiple formats: ISO timestamps (e.g., "1995-01-01T00:00:00.000Z", "2025-04-14T00:00:00.000Z") and plain dates (e.g., "30-Jun-1961").
- Many panels include projections and historical series; projection years explicitly shown (examples: 2020–2030 in Table 1.1 and Table 1.2).
- Data cut-off indicators present in worksheets: "Data cut-off date:" and "Data cut-off time: 04/14/2025" and timestamp "2025-04-14T00:00:00.000Z".

### Practical use and salient variables for analysis
- Time-series of uncertainty and market volatility: Trade Policy Uncertainty Index, World Uncertainty Index, VIX, EMBI, term premiums, 10-year yields (available at daily/monthly frequency across multiple worksheets).
- Fiscal aggregates and projections: General Government Fiscal Balance (Table 1.1), General Government Debt (Table 1.2) with percent-of-GDP series and multi-year projections (2020–2030).
- Debt risk analytics: Debt-at-Risk decomposition (Figure 1.14.2) with component contributions (initial debt, primary deficit, financial conditions, uncertainty).
- Sectoral fiscal responses and coefficient estimates: impulse-response and coefficient tables (Figures 1.15–1.22), including horizons (horizon=0, horizon=4) and quantile/interval estimates.
- Cross-regional maturity and financing metrics: maturity buckets by region (Figure 1.9.2) and Net Bond Financing (Figure 1.8.2).

*Source: 2025aprfiscalmonitordatabase — https://www.imf.org/-/media/files/publications/fiscal-monitor/2025/data/2025aprfiscalmonitordatabase.xlsx*

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_Source: https://www.imf.org/-/media/files/publications/fiscal-monitor/2025/data/2025aprfiscalmonitordatabase.xlsx_