Fiscal Monitor

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Fiscal Monitor

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IMF Publications

With increasing fiscal challenges in the aftermath of the global financial crisis, multilateral surveillance of fiscal developments, a key part of the IMF’s surveillance responsibilities, has gained further importance. In response, the Fiscal Monitor was launched in 2009 to survey and analyze the latest public finance developments, update fiscal implications of the crisis and medium-term fiscal projections, and assess policies to put public finances on a sustainable footing. The Fiscal Monitor is prepared twice a year by the IMF’s Fiscal Affairs Department. Its projections are based on the same database used for the World Economic Outlook (WEO) and the Global Financial Stability Report (GFSR). The fiscal projections for individual countries have been prepared by IMF desk economists, and, in line with the WEO guidelines, assume that announced policies will be implemented.

Contents

• IMF Fiscal Monitor -- Fiscal Exit: From Strategy to Implementation; November 2010 -- Contents
  • Published: January 7, 2017
  • Summary: November 2010: With increasing fiscal challenges in the aftermath of the global financial crisis, multilateral surveillance of fiscal developments, a key part of the IMF's surveillance responsibilities, has gained further importance.
• IMF Fiscal Monitor -- Acting Now, Acting Together -- April 2016
  • Published: December 31, 2016
  • Summary: International Monetary Fund, Fiscal Monitor, April 2016
• Fiscal Monitor, April 2016: Acting Now, Acting Together
  • Published: December 31, 2016
  • Summary: The global economy remains fragile at this time. While the recovery in advanced economies is softening, many emerging market and developing economies have experienced a significant economic slowdown, and some large countries show signs of distress.
• Fiscal Monitor, September 2011: Addressing Fiscal Challenges to Reduce Economic Risks
  • Published: December 31, 2016
  • Summary: Despite progress in addressing key fiscal weaknesses in many countries, significant policy challenges remain in advanced, emerging, and low-income economies, and must be faced in an environment where downside risks to growth have increased.
• IMF Fiscal Monitor Update: As Downside Risks Rise, Fiscal Policy Has To Walk a Narrow Path, January 2012
  • Published: December 31, 2016
  • Summary: Deficits in many advanced economies fell significantly during 2011, and most plan substantial adjustment in 2012. Continued adjustment is necessary for medium-term debt sustainability, but should occur at a pace that supports adequate growth in output and employment.
• Back To Work: How Fiscal Policy Can Help
  • Published: December 31, 2016
  • Summary: Publication: Fiscal Monitor
• Fiscal Monitor, October 2014: Back to Work: How Fiscal Policy Can Help
  • Published: December 31, 2016
  • Summary: At a time when job creation tops the policy agenda globally, this issue of the Fiscal Monitor explores if and how fiscal policy can do more for jobs. It finds that while fiscal policy cannot substitute for comprehensive reforms, it can support job creation in a number of ways.
• Fiscal Monitor, April 2012: Balancing Fiscal Policy Risks
  • Published: December 31, 2016
  • Summary: Overall, fiscal risks remain elevated, according to this issue, although there are signs that in some key respects they are less acute than six months ago. Past efforts with fiscal consolidation are beginning to bear fruit, particularly when buttressed by credible institutional commitments.
• Staying the Course on Fiscal Adjustment: Fiscal Monitor Update -- June 2011
  • Published: December 31, 2016
  • Summary: Consolidation is proceeding at a broadly appropriate pace in many advanced economies—particularly most of Europe and Canada—helped by recovering activity and revenues.
• Taking Stock: A Progress Report on Fiscal Adjustment
  • Published: December 31, 2016
  • Summary: The Fiscal Monitor was launched in 2009 to survey and analyze the latest public finance developments, update fiscal implications of the crisis and medium-term fiscal projections, and assess policies to put public finances on a sustainable footing.
• Fiscal Monitor, October 2012: Taking Stock: A Progress Report on Fiscal Adjustment
  • Published: December 31, 2016
  • Summary: With growth weakening in many parts of the world and downside risks on the rise, fiscal consolidation remains challenging. However, considerable progress has been made in strengthening fiscal accounts following their sharp deterioration in 2008-09.
• Fiscal Monitor, October 2013: Taxing Times
  • Published: December 31, 2016
  • Summary: Persistently high debt ratios in advanced economies and emerging fragilities in the developing world cast clouds on the global fiscal landscape. In advanced economies, with narrowing budget deficits, the average public debt ratio is expected to stabilize in 2013–14—but it will be at a historic peak.
• Fiscal Monitor, October 2015: The Commodities Roller Coaster - A Fiscal Framework for Uncertain Times
  • Published: December 31, 2016
  • Summary: This issue of the Fiscal Monitor examines the conduct of fiscal policy under the uncertainty caused by dependence on natural resource revenues.