Fiscal Sustainability (FS)

Source details

Target Audience:
- All government officials are welcome to register.
- Course is particularly useful for officials from ministries of finance, debt agencies, central banks, and other government agencies responsible for implementing macroeconomic and debt policies.
Qualifications:
- Participants are expected to have a degree in economics or equivalent work experience.
- Some familiarity with using spreadsheets is expected.

The course introduces the easy-to-use Excel-based Public Debt Dynamics Tool (DDT).
Uses of the DDT covered in the course:
- Projecting the stock of public debt for the baseline (most likely) and alternative scenarios.
- Modeling natural-disaster scenarios and fan charts.
- Estimating paths of fiscal adjustments consistent with a user-defined target level of debt.
Practical component:
- Participants are given preliminary data.
- Participants are expected to present an analysis of the public debt situation in their country (or the country of their choice) at the end of the course.

Project public debt.
Identify the main drivers of public debt changes.
Compute measures of fiscal adjustments consistent with a public debt target.
Conduct a stress test to public debt projections, including through the use of fan charts.
Identify the main components of a debt sustainability analysis to assess the risk of debt distress.