## Fiscal Monitor - April 2020 _Fiscal Monitor, April 2020_ ## Source details **Canonical URL:** [Fiscal Monitor - April 2020](https://www.imf.org/en/publications/fm/issues/2020/04/06/fiscal-monitor-april-2020) ## Other formats - [Markdown version](/en/publications/fm/issues/2020/04/06/fiscal-monitor-april-2020/index.md) - [Structured JSON version](/en/publications/fm/issues/2020/04/06/fiscal-monitor-april-2020/index.json) - [Bundle manifest](/en/publications/fm/issues/2020/04/06/fiscal-monitor-april-2020/bundle-manifest.json) ## Bibliographic details - Published: April 6, 2020 --- ### Chapter 1: Policies to Support People During the COVID-19 Pandemic - "Fiscal policies are at the forefront of responding to the COVID-19 pandemic." - Fiscal measures can "save lives, protect the most-affected people and firms from the economic impact of the pandemic, and prevent the health crisis from turning into a deep long-lasting slump." - "A key priority is to fully accommodate spending on health and emergency services." - Global coordination priorities: "for a universally low-cost vaccine and to support countries with limited health capacity." - Immediate fiscal stance: "Large, temporary and targeted support is urgently needed for affected workers and firms until the emergency abates." - As shutdowns end: "broad-based, coordinated fiscal stimulus—where financing conditions permit—will become more effective in fostering the recovery." ### Chapter 2: IDEAS to Respond to Weaker Growth - "Fiscal policies are at the forefront of facilitating an economic recovery from the COVID-19 pandemic once the Great Lockdown ends." - Policymakers can achieve this objective with IDEAS: - Invest for the future — "in health systems, infrastructure, low carbon technologies, education, and research." - Adopt well-planned Discretionary policies — "that can be deployed quickly." - Enhance Automatic Stabilizers — "which are built-in budgetary tax and spending measures that automatically stabilize incomes and consumption." - Social protection focus: "Improving unemployment benefit systems and social safety nets can protect household incomes from adverse shocks and strengthen resilience against future epidemics." - Recommendation on timing: deploy discretionary stimulus when the Great Lockdown ends to facilitate recovery. ### Chapter 3: State-Owned Enterprises — The Other Government - "Over the past decade, state-owned enterprises (SOEs) have doubled in importance among the world’s largest corporations." - Role and trade-offs: - SOEs "often deliver basic services such as water, electricity, and loans for families and small businesses." - "At their best, they can help promote higher economic growth and achieve development goals." - "However, many are a burden to taxpayers and the economy." - Policy guidance to get the most out of SOEs: - Ensure "the firm’s managers have the right incentives and there is effective oversight." - Require "a high degree of transparency of their activities." ### Data, Media, and Notable Items - "CHART OF THE WEEK Tracking the $9 Trillion Global Fiscal Support to Fight COVID-19" - Available materials listed on the page: "Full Text", "Statistical Appendix", "Data", "Executive Summary", "Online Annex", "Fiscal Monitor Database of Country Fiscal Measures in Response to the COVID-19 Pandemic", "Podcast", "Videos", and "Blog" entries summarizing fiscal policy responses. *Fiscal Monitor - April 2020* --- ## Content in this bundle - **Fiscal Monitor Database Apr. 2020 — Chapter 1** - [Fiscal Monitor Database Apr. 2020 — Chapter 1 (Markdown version)](/-/media/files/publications/fiscal-monitor/2020/april/dtata/fiscalmonitordatabase-april2020-chapter-1.xlsx.md){rel="alternate" type="text/markdown"} - [Fiscal Monitor Database Apr. 2020 — Chapter 1 (XLSX)](/-/media/files/publications/fiscal-monitor/2020/april/dtata/fiscalmonitordatabase-april2020-chapter-1.xlsx){rel="external" type="application/vnd.openxmlformats-officedocument.spreadsheetml.sheet"} - **fiscalmonitordatabase-april2020-chapter-2** - [fiscalmonitordatabase-april2020-chapter-2 (Markdown version)](/-/media/files/publications/fiscal-monitor/2020/april/dtata/fiscalmonitordatabase-april2020-chapter-2.xlsx.md){rel="alternate" type="text/markdown"} - [fiscalmonitordatabase-april2020-chapter-2 (XLSX)](/-/media/files/publications/fiscal-monitor/2020/april/dtata/fiscalmonitordatabase-april2020-chapter-2.xlsx){rel="external" type="application/vnd.openxmlformats-officedocument.spreadsheetml.sheet"} - **fiscalmonitordatabase-april2020** - [fiscalmonitordatabase-april2020 (Markdown version)](/-/media/files/publications/fiscal-monitor/2020/april/dtata/fiscalmonitordatabase-april2020.xlsx.md){rel="alternate" type="text/markdown"} - [fiscalmonitordatabase-april2020 (XLSX)](/-/media/files/publications/fiscal-monitor/2020/april/dtata/fiscalmonitordatabase-april2020.xlsx){rel="external" type="application/vnd.openxmlformats-officedocument.spreadsheetml.sheet"} - **Chapter 1** - [Chapter 1 (Markdown version)](/-/media/files/publications/fiscal-monitor/2020/april/english/ch1.pdf.md){rel="alternate" type="text/markdown"} - [Chapter 1 (PDF)](/-/media/files/publications/fiscal-monitor/2020/april/english/ch1.pdf){rel="external" type="application/pdf"} - **Chapter 1 Executive Summary. IMF Fiscal Monitor, April 2020** - [Chapter 1 Executive Summary. IMF Fiscal Monitor, April 2020 (Markdown version)](/-/media/files/publications/fiscal-monitor/2020/april/english/ch1execsum.pdf.md){rel="alternate" type="text/markdown"} - [Chapter 1 Executive Summary. IMF Fiscal Monitor, April 2020 (PDF)](/-/media/files/publications/fiscal-monitor/2020/april/english/ch1execsum.pdf){rel="external" type="application/pdf"} - **Chapter 2** - [Chapter 2 (Markdown version)](/-/media/files/publications/fiscal-monitor/2020/april/english/ch2.pdf.md){rel="alternate" type="text/markdown"} - [Chapter 2 (PDF)](/-/media/files/publications/fiscal-monitor/2020/april/english/ch2.pdf){rel="external" type="application/pdf"} - **Chapter 3** - [Chapter 3 (Markdown version)](/-/media/files/publications/fiscal-monitor/2020/april/english/ch3.pdf.md){rel="alternate" type="text/markdown"} - [Chapter 3 (PDF)](/-/media/files/publications/fiscal-monitor/2020/april/english/ch3.pdf){rel="external" type="application/pdf"} - **Chapter 3 Executive Summary. IMF Fiscal Monitor, April 2020** - [Chapter 3 Executive Summary. IMF Fiscal Monitor, April 2020 (Markdown version)](/-/media/files/publications/fiscal-monitor/2020/april/english/ch3execsum.pdf.md){rel="alternate" type="text/markdown"} - [Chapter 3 Executive Summary. IMF Fiscal Monitor, April 2020 (PDF)](/-/media/files/publications/fiscal-monitor/2020/april/english/ch3execsum.pdf){rel="external" type="application/pdf"} - **Executive Summary** - [Executive Summary (Markdown version)](/-/media/files/publications/fiscal-monitor/2020/april/english/en-fm-april-2020-chapter-2-executive-summary.pdf.md){rel="alternate" type="text/markdown"} - [Executive Summary (PDF)](/-/media/files/publications/fiscal-monitor/2020/april/english/en-fm-april-2020-chapter-2-executive-summary.pdf){rel="external" type="application/pdf"} - **Methodological and Statistical Appendix, IMF Fiscal Monitor, April 2020** - [Methodological and Statistical Appendix, IMF Fiscal Monitor, April 2020 (Markdown version)](/-/media/files/publications/fiscal-monitor/2020/april/english/msa.pdf.md){rel="alternate" type="text/markdown"} - [Methodological and Statistical Appendix, IMF Fiscal Monitor, April 2020 (PDF)](/-/media/files/publications/fiscal-monitor/2020/april/english/msa.pdf){rel="external" type="application/pdf"} - **onlineannex11 - CHAPTER 1** - [onlineannex11 - CHAPTER 1 (Markdown version)](/-/media/files/publications/fiscal-monitor/2020/april/english/onlineannex11.pdf.md){rel="alternate" type="text/markdown"} - [onlineannex11 - CHAPTER 1 (PDF)](/-/media/files/publications/fiscal-monitor/2020/april/english/onlineannex11.pdf){rel="external" type="application/pdf"} - **Onlineannex21** - [Onlineannex21 (Markdown version)](/-/media/files/publications/fiscal-monitor/2020/april/english/onlineannex21.pdf.md){rel="alternate" type="text/markdown"} - [Onlineannex21 (PDF)](/-/media/files/publications/fiscal-monitor/2020/april/english/onlineannex21.pdf){rel="external" type="application/pdf"} - **Chapter 3 Online Annexes 3.1 through 3.7. IMF Fiscal Monitor, April 2020** - [Chapter 3 Online Annexes 3.1 through 3.7. IMF Fiscal Monitor, April 2020 (Markdown version)](/-/media/files/publications/fiscal-monitor/2020/april/english/onlineannexes31to37.pdf.md){rel="alternate" type="text/markdown"} - [Chapter 3 Online Annexes 3.1 through 3.7. IMF Fiscal Monitor, April 2020 (PDF)](/-/media/files/publications/fiscal-monitor/2020/april/english/onlineannexes31to37.pdf){rel="external" type="application/pdf"} - **Fiscal Monitor: Policies to Support People During the COVID-19 Pandemic (April 2020)** - [Fiscal Monitor: Policies to Support People During the COVID-19 Pandemic (April 2020) (Markdown version)](/-/media/files/publications/fiscal-monitor/2020/april/english/text.pdf.md){rel="alternate" type="text/markdown"} - [Fiscal Monitor: Policies to Support People During the COVID-19 Pandemic (April 2020) (PDF)](/-/media/files/publications/fiscal-monitor/2020/april/english/text.pdf){rel="external" type="application/pdf"} --- ## References - [Fiscal Monitor Database of Country Fiscal Measures in Response to the COVID-19 Pandemic](https://www.imf.org/en/Topics/imf-and-covid19/Fiscal-Policies-Database-in-Response-to-COVID-19) - [Fiscal policies to contain the damage from COVID-19](https://blogs.imf.org/2020/04/15/fiscal-policies-to-contain-the-damage-from-covid-19/) - [Fiscal policies for the recovery from COVID-19](https://blogs.imf.org/2020/05/06/fiscal-policies-for-the-recovery-from-covid-19/) - [State-owned enterprises in the time of COVID-19](https://blogs.imf.org/2020/05/07/state-owned-enterprises-in-the-time-of-covid-19/) - [CHART OF THE WEEK Tracking the $9 Trillion Global Fiscal Support to Fight COVID-19](https://blogs.imf.org/2020/05/20/tracking-the-9-trillion-global-fiscal-support-to-fight-covid-19/) - [Sign up to receive free e-mail notices when new series and/or country items are posted on the IMF website.](https://www.imf.org/en/email-subscription/index) - [Modify your profile](https://www.imf.org/en/email-subscription/login) _Source: https://www.imf.org/en/publications/fm/issues/2020/04/06/fiscal-monitor-april-2020_