Fiscal Sustainability (FS)

Source details

Target Audience: Junior to senior officials with some intermediate fiscal background who are interested in understanding and applying fiscal sustainability analyses and learning how such analyses may relate to a country-specific environment.
Qualifications: Participants are expected to have a degree in economics or equivalent work experience and some familiarity with using spreadsheets.

Presented by the Institute for Capacity Development.
Focus: Fiscal sustainability as a requirement for macroeconomic stability and sustainable and inclusive long-term growth.
Coverage: Thorough overview of how to assess fiscal sustainability from a policy and tools perspective.
Additional topics:
- Long-term fiscal pressures and risks.
- Debt management strategies.
- Early warning indicators used by the IMF.
- Case studies of fiscal crises and subsequent fiscal adjustments.

Upon completion of this course, participants should be able to:

Describe why fiscal sustainability is central to macroeconomic stability and sustainable growth.
Apply effective concepts, definitions, and techniques for analyzing fiscal sustainability.
Identify fiscal vulnerabilities, distinguishing between near-term and long-term risks.
Analyze crises and fiscal adjustment cases.
Differentiate between various debt sustainability analysis (DSA) frameworks.
Prepare a brief DSA for either a country with access to financial markets or a low-income country.