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Fiscal policy and management

Rising Global Debt Requires Countries to Put their Fiscal House in Order

April 23, 2025

Era Dabla-Norris, Vitor Gaspar, Marcos Poplawski-Ribeiro

Amid heightened uncertainty, policymakers will need to deal with complex trade-offs between debt, slower growth, and new spending pressures

Fiscal policy and management

How to Build Public Support for Energy Subsidy and Pension Reforms

April 16, 2025

Era Dabla-Norris, Davide Furceri, Mauricio Soto

Public approval is crucial for carrying out difficult reforms that can help countries lower debt and increase growth

Fiscal policy and management

Why Latin America Needs Lower Deficits and Stronger Fiscal Rules

December 18, 2024

Juan Passadore, Juan Pedro Treviño, Rodrigo Valdés

The increase in debt in the last decade points to the need for lowering deficits, rebuilding space to deal with shocks, and strengthening fiscal rules

Fiscal policy and management

Political Parties of all Stripes are Pushing for Higher Government Spending

September 16, 2024

Era Dabla-Norris, Enrico Di Gregorio, Yongquan Cao

Large fiscal deficits and elevated debt levels call for greater fiscal prudence, but political forces are pulling in the opposite way

Fiscal policy and management

Why Our World Needs Fiscal Restraint in Biggest-Ever Election Year

April 17, 2024

Era Dabla-Norris, Vitor Gaspar, Marcos Poplawski-Ribeiro, Jiae Yoo

Governments should stay the course on fiscal consolidation amid mounting debt.

Fiscal policy and management

Industrial Policy Is Not a Magic Cure for Slow Growth

April 10, 2024

Era Dabla-Norris, Daniel Garcia-Macia, Vitor Gaspar, Li Liu

It can be tempting for countries to turn to industrial policy, but a policy mix supporting innovation more broadly can help boost economic growth

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