{ "title": "Fiscal Monitor October 2024: Putting a Lid on Public Debt", "publication": "Fiscal Monitor, October 2024", "sourceUrl": "https://www.imf.org/en/publications/fm/issues/2024/10/23/fiscal-monitor-october-2024", "canonical": "https://www.imf.org/en/publications/fm/issues/2024/10/23/fiscal-monitor-october-2024", "overlayPath": "/en/publications/fm/issues/2024/10/23/fiscal-monitor-october-2024/index.md", "summary": "High debt is a concern. The chapter quantifies the risks surrounding public debt outlook and sets out policies to rebuild fiscal buffers to address those risks.", "publishDate": "2024-10-23", "sections": [ { "heading": "Overview", "content": "- High debt is a concern. \n- The chapter quantifies the risks surrounding public debt outlook and sets out policies to rebuild fiscal buffers to address those risks. \n- Global public debt is elevated and is projected to exceed US$100 trillion in 2024 and will rise over the medium term. \n- Risks to the debt outlook are heavily tilted to the upside." }, { "heading": "Key statistics and projections", "content": "- Global public debt is projected to exceed US$100 trillion in 2024. \n- In a severely adverse scenario, global debt is estimated to be nearly 20 percentage points of GDP higher three years ahead than the baseline projection, reaching 115 percent of GDP." }, { "heading": "Risks and scenarios", "content": "- Risks to the debt outlook are heavily tilted to the upside. \n- Severely adverse scenario: global debt nearly 20 percentage points of GDP higher three years ahead than baseline, reaching 115 percent of GDP." }, { "heading": "Findings on policy needs", "content": "- Much larger fiscal adjustments than currently planned are required to stabilize (or reduce) debt with high probability. \n- Now is an opportune time for rebuilding fiscal buffers and delaying is costly." }, { "heading": "Policy recommendations", "content": "- Rebuild fiscal buffers in a growth-friendly manner. \n- Strengthen fiscal governance. \n- Prioritize actions to ensure sustainable public finances and financial stability.\n\nFiscal Monitor October 2024: Putting a Lid on Public Debt — https://www.imf.org/en/publications/fm/issues/2024/10/23/fiscal-monitor-october-2024\n\n---\n\n Content in this bundle\n\n- 2024octfiscalmonitordatabase\n - 2024octfiscalmonitordatabase (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - 2024octfiscalmonitordatabase (XLSX){rel=\"external\" type=\"application/vnd.openxmlformats-officedocument.spreadsheetml.sheet\"}\n- ch1-onlineannex-databaseoa — Dataset overview\n - ch1-onlineannex-databaseoa — Dataset overview (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - ch1-onlineannex-databaseoa — Dataset overview (XLSX){rel=\"external\" type=\"application/vnd.openxmlformats-officedocument.spreadsheetml.sheet\"}\n- Chapter 1\n - Chapter 1 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - Chapter 1 (PDF){rel=\"external\" type=\"application/pdf\"}\n- ch1database\n - ch1database (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - ch1database (XLSX){rel=\"external\" type=\"application/vnd.openxmlformats-officedocument.spreadsheetml.sheet\"}\n- Executive Summary\n - Executive Summary (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - Executive Summary (PDF){rel=\"external\" type=\"application/pdf\"}\n- Foreword\n - Foreword (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - Foreword (PDF){rel=\"external\" type=\"application/pdf\"}\n- METHODOLOGICAL AND STATISTICAL APPENDIX - Fiscal Monitor October 2024\n - METHODOLOGICAL AND STATISTICAL APPENDIX - Fiscal Monitor October 2024 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - METHODOLOGICAL AND STATISTICAL APPENDIX - Fiscal Monitor October 2024 (PDF){rel=\"external\" type=\"application/pdf\"}\n- Chapter 1 Online Annexes. IMF Fiscal Monitor, October 2024\n - Chapter 1 Online Annexes. IMF Fiscal Monitor, October 2024 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - Chapter 1 Online Annexes. IMF Fiscal Monitor, October 2024 (PDF){rel=\"external\" type=\"application/pdf\"}\n- Preface\n - Preface (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - Preface (PDF){rel=\"external\" type=\"application/pdf\"}\n- Full Report\n - Full Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - Full Report (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\n References\n\n- Previous Fiscal Monitor Reports\n- Read the Blog\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/publications/fm/issues/2024/10/23/fiscal-monitor-october-2024" } ], "bullets": [ "[Markdown version](/en/publications/fm/issues/2024/10/23/fiscal-monitor-october-2024/index.md)", "[Structured JSON version](/en/publications/fm/issues/2024/10/23/fiscal-monitor-october-2024/index.json)", "[Bundle manifest](/en/publications/fm/issues/2024/10/23/fiscal-monitor-october-2024/bundle-manifest.json)", "Published: October 23, 2024", "High debt is a concern.", "The chapter quantifies the risks surrounding public debt outlook and sets out policies to rebuild fiscal buffers to address those risks.", "Global public debt is elevated and is projected to exceed US$100 trillion in 2024 and will rise over the medium term.", "Risks to the debt outlook are heavily tilted to the upside.", "Global public debt is projected to exceed US$100 trillion in 2024.", "In a severely adverse scenario, global debt is estimated to be nearly 20 percentage points of GDP higher three years ahead than the baseline projection, reaching 115 percent of GDP.", "Risks to the debt outlook are heavily tilted to the upside.", "Severely adverse scenario: global debt nearly 20 percentage points of GDP higher three years ahead than baseline, reaching 115 percent of GDP.", "Much larger fiscal adjustments than currently planned are required to stabilize (or reduce) debt with high probability.", "Now is an opportune time for rebuilding fiscal buffers and delaying is costly.", "Rebuild fiscal buffers in a growth-friendly manner.", "Strengthen fiscal governance.", "Prioritize actions to ensure sustainable public finances and financial stability.", "**2024octfiscalmonitordatabase**", "**ch1-onlineannex-databaseoa — Dataset overview**", "**Chapter 1**", "**ch1database**", "**Executive Summary**", "**Foreword**", "**METHODOLOGICAL AND STATISTICAL APPENDIX - Fiscal Monitor October 2024**", "**Chapter 1 Online Annexes. IMF Fiscal Monitor, October 2024**", "**Preface**", "**Full Report**", "[Previous Fiscal Monitor Reports](https://www.imf.org/en/publications/fm)", "[Read the Blog](https://origin-blogs.imf.org/en/blogs/articles/2024/10/15/global-public-debt-is-probably-worse-than-it-looks)", "[https://www.imf.org/en/home](https://www.imf.org/en/home)" ], "related": [ { "title": "2024octfiscalmonitordatabase", "role": "dataset", "sourceUrl": "https://www.imf.org/-/media/files/publications/fiscal-monitor/2024/october/english/2024octfiscalmonitordatabase.xlsx", "summary": { "path": "/-/media/files/publications/fiscal-monitor/2024/october/english/2024octfiscalmonitordatabase.xlsx.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/files/publications/fiscal-monitor/2024/october/english/2024octfiscalmonitordatabase.xlsx", "mime": "application/vnd.openxmlformats-officedocument.spreadsheetml.sheet" } }, { "title": "ch1-onlineannex-databaseoa — Dataset overview", "role": "dataset", "sourceUrl": "https://www.imf.org/-/media/files/publications/fiscal-monitor/2024/october/english/ch1-onlineannex-databaseoa.xlsx", "summary": { "path": "/-/media/files/publications/fiscal-monitor/2024/october/english/ch1-onlineannex-databaseoa.xlsx.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/files/publications/fiscal-monitor/2024/october/english/ch1-onlineannex-databaseoa.xlsx", "mime": "application/vnd.openxmlformats-officedocument.spreadsheetml.sheet" } }, { "title": "Chapter 1", "role": "chapter", "sourceUrl": "https://www.imf.org/-/media/files/publications/fiscal-monitor/2024/october/english/ch1.pdf", "summary": { "path": "/-/media/files/publications/fiscal-monitor/2024/october/english/ch1.pdf.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/files/publications/fiscal-monitor/2024/october/english/ch1.pdf", "mime": "application/pdf" } }, { "title": "ch1database", "role": "dataset", "sourceUrl": "https://www.imf.org/-/media/files/publications/fiscal-monitor/2024/october/english/ch1database.xlsx", "summary": { "path": "/-/media/files/publications/fiscal-monitor/2024/october/english/ch1database.xlsx.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/files/publications/fiscal-monitor/2024/october/english/ch1database.xlsx", "mime": "application/vnd.openxmlformats-officedocument.spreadsheetml.sheet" } }, { "title": "Executive Summary", "role": "executive-summary", "sourceUrl": "https://www.imf.org/-/media/files/publications/fiscal-monitor/2024/october/english/execsum.pdf", "summary": { "path": "/-/media/files/publications/fiscal-monitor/2024/october/english/execsum.pdf.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/files/publications/fiscal-monitor/2024/october/english/execsum.pdf", "mime": "application/pdf" } }, { "title": "Foreword", "role": "foreword", "sourceUrl": "https://www.imf.org/-/media/files/publications/fiscal-monitor/2024/october/english/foreword.pdf", "summary": { "path": "/-/media/files/publications/fiscal-monitor/2024/october/english/foreword.pdf.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/files/publications/fiscal-monitor/2024/october/english/foreword.pdf", "mime": "application/pdf" } }, { "title": "METHODOLOGICAL AND STATISTICAL APPENDIX - Fiscal Monitor October 2024", "role": "document", "sourceUrl": "https://www.imf.org/-/media/files/publications/fiscal-monitor/2024/october/english/msa.pdf", "summary": { "path": "/-/media/files/publications/fiscal-monitor/2024/october/english/msa.pdf.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/files/publications/fiscal-monitor/2024/october/english/msa.pdf", "mime": "application/pdf" } }, { "title": "Chapter 1 Online Annexes. IMF Fiscal Monitor, October 2024", "role": "document", "sourceUrl": "https://www.imf.org/-/media/files/publications/fiscal-monitor/2024/october/english/onlineannexes.pdf", "summary": { "path": "/-/media/files/publications/fiscal-monitor/2024/october/english/onlineannexes.pdf.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/files/publications/fiscal-monitor/2024/october/english/onlineannexes.pdf", "mime": "application/pdf" } }, { "title": "Preface", "role": "preface", "sourceUrl": "https://www.imf.org/-/media/files/publications/fiscal-monitor/2024/october/english/preface.pdf", "summary": { "path": "/-/media/files/publications/fiscal-monitor/2024/october/english/preface.pdf.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/files/publications/fiscal-monitor/2024/october/english/preface.pdf", "mime": "application/pdf" } }, { "title": "Full Report", "role": "full-report", "sourceUrl": "https://www.imf.org/-/media/files/publications/fiscal-monitor/2024/october/english/text.pdf", "summary": { "path": "/-/media/files/publications/fiscal-monitor/2024/october/english/text.pdf.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/files/publications/fiscal-monitor/2024/october/english/text.pdf", "mime": "application/pdf" } } ], "alternates": { "markdown": "/en/publications/fm/issues/2024/10/23/fiscal-monitor-october-2024/index.md", "json": "/en/publications/fm/issues/2024/10/23/fiscal-monitor-october-2024/index.json", "bundleManifest": "/en/publications/fm/issues/2024/10/23/fiscal-monitor-october-2024/bundle-manifest.json" }, "generatedAtUtc": "2026-09-23T17:01:37.787Z" }