Fiscal Monitor, October 2022: Helping People Bounce Back
Fiscal Monitor, October 2022
Source details
- Canonical URL
- Fiscal Monitor, October 2022: Helping People Bounce Back
Other formats
Bibliographic details
- Published: October 9, 2022
Key findings and context
- Governments face increasingly difficult trade-offs in tackling the spikes in food and energy prices when policy buffers are largely exhausted after two years of pandemic.
- Several fiscal tools, such as job-retention schemes, have proven useful to preserve jobs and income for workers.
- Social safety nets should be made more readily scalable and better targeted, leveraging digital technologies.
- Exceptional support to firms should be reserved for severe situations and requires sound fiscal risk management.
- Building fiscal buffers in normal times would allow governments to respond swiftly and flexibly during adversities.
- Governments should prioritize protecting vulnerable groups through targeted support while keeping a tight fiscal stance to help reduce inflation.
Policy recommendations
- Prioritize protecting vulnerable groups through targeted support.
- Keep a tight fiscal stance to help reduce inflation.
- Build fiscal buffers in normal times to enable swift and flexible responses during adversities.
- Reserve exceptional support to firms for severe situations and apply sound fiscal risk management when such support is provided.
Fiscal tools and implementation approaches
- Job-retention schemes: Useful to preserve jobs and income for workers.
- Social safety nets: Make more readily scalable and better targeted; leverage digital technologies to improve delivery and targeting.
- Firm support: Exceptional, limited to severe situations, and accompanied by fiscal risk management.
International Monetary Fund.
Content in this bundle
- Chapter 1
- Executive Summary
- Foreword
- Methodological and Statistical Appendix. IMF Fiscal Monitor, October 2022
- Online Annex 1.1. Countercyclical of Fiscal Policies. IMF Fiscal Monitor, October 2022
- Full Report