Fiscal Sustainability (FS)

Source details

Canonical URL

Fiscal Sustainability (FS)

Other formats

• Markdown version
• Structured JSON version
• Bundle manifest

Bibliographic details

• Session: JV 24.19
• Location: Vienna, Austria
• Dates: July 8-19, 2024 (2 weeks)
• Delivery method: In-person Training
• Primary language: English
• Interpretation language: Russian
• Status: Deadline passed

Overview and Logistics

• Session No.: JV 24.19
• Location: Vienna, Austria
• Date: July 8-19, 2024 (2 weeks)
• Delivery Method: In-person Training
• Primary Language: English
• Interpretation Language: Russian
• Presented by the Institute for Capacity Development

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

• 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)
• Macroeconomic Management in Resource Rich Countries (MRC)