Fiscal Sustainability (FS)

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Fiscal Sustainability (FS)

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Bibliographic details

• Session: JV 23.36
• Location: Vienna, Austria
• Dates: December 4-15, 2023 (2 weeks)
• Delivery method: In-person Training
• Primary language: English
• Status: Deadline passed

Course overview and delivery

• Session No.: JV 23.36
• Location: Vienna, Austria
• Date: December 4-15, 2023 (2 weeks)
• Delivery Method: In-person Training
• Primary Language: English
• Deadline passed

Target audience and qualifications

• 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.

Course description

• 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.
  • Discussion of long-term fiscal pressures and risks.
  • Debt management strategies.
  • Early warning indicators used by the IMF.
  • Special attention to case studies of fiscal crises and the subsequent fiscal adjustments.

Course objectives

• 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.

References

• In-person Training
• Core Elements of Banking Supervision (CBS)
• Advanced Government Finance Statistics (GFS-A)
• Fiscal Sustainability (FS)
• Safeguards Assessments of Central Banks (SAC)