Fiscal Monitor

Fiscal Monitor, April 2014: Public Expenditure Reform: Making Difficult Choices

April 9, 2014

More Formats on IMF eLibrary
Order a Print Copy

Preview Citation

Format: Chicago

Martine Guerguil, and Mr. Michael Keen (, eds). Fiscal Monitor, April 2014: Public Expenditure Reform: Making Difficult Choices, (USA: International Monetary Fund, 2014) accessed 12/5/2025, https://doi.org/10.5089/9781475557121.089

Export Citation

  • ProCite
  • RefWorks
  • Reference Manager
  • BibTex
  • Zotero
  • EndNote

Summary

Fiscal risks are abating somewhat but remain elevated. In advanced economies, recent policy moves have broadly stabilized public debt ratios, but medium-term prospects are still uncertain, and debt remains at historic highs. Fiscal vulnerabilities are rising in both emerging market economies and low-income countries, although in most cases from relatively moderate levels. Across country groups, fiscal policy should aim at rebuilding policy space while supporting the recovery and long-term growth prospects.

Subject: Education spending, Emerging and frontier financial markets, Expenditure, Financial markets, Fiscal policy, Fiscal stance, Macroeconomic and fiscal forecasts, National accounts, Public debt, Public financial management (PFM)

Keywords: Africa, Caribbean, country, director, East Africa, economy, Education spending, Emerging and frontier financial markets, expenditure reform, expenditure rule, financing vulnerability, fiscal consolidation plan, fiscal policy, Fiscal stance, FM, Global, government, IMF staff estimate, imputed interest, interest rate, longer-term inflation expectation, Macroeconomic and fiscal forecasts, Middle East, monetary policy normalization, North Africa, Pacific Islands, potential GDP, risks to emerging market economies, short-term debt, wage bill

Supplemental Resources

You May Also Be Interested In...

Tourism in the Post-Pandemic World: Economic Challenges and Opportunities for Asia-Pacific and the Western Hemisphere: November 2025

11/3/2025

Enhancing Tax Capacity: Revenue Gains from Strengthening Tax Administration

10/24/2025

Development Committee: The Managing Director's Written Statement

10/20/2025

The Managing Director's Global Policy Agenda, Fall 2025: Navigating a World In Transition

10/16/2025

Progress Report to the IMFC on the Activities of the Independent Evaluation Office of the IMF

10/16/2025