## Fiscal Monitor October 2024: Putting a Lid on Public Debt _Fiscal Monitor, October 2024_ ## Source details **Canonical URL:** [Fiscal Monitor October 2024: Putting a Lid on Public Debt](https://www.imf.org/en/publications/fm/issues/2024/10/23/fiscal-monitor-october-2024) ## Other formats - [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) ## Bibliographic details - Published: October 23, 2024 --- ### Overview - 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. ### Key statistics and projections - 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 and scenarios - 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. ### Findings on policy needs - 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. ### Policy recommendations - Rebuild fiscal buffers in a growth-friendly manner. - Strengthen fiscal governance. - Prioritize actions to ensure sustainable public finances and financial stability. *Fiscal Monitor October 2024: Putting a Lid on Public Debt — https://www.imf.org/en/publications/fm/issues/2024/10/23/fiscal-monitor-october-2024* --- ## Content in this bundle - **2024octfiscalmonitordatabase** - [2024octfiscalmonitordatabase (Markdown version)](/-/media/files/publications/fiscal-monitor/2024/october/english/2024octfiscalmonitordatabase.xlsx.md){rel="alternate" type="text/markdown"} - [2024octfiscalmonitordatabase (XLSX)](/-/media/files/publications/fiscal-monitor/2024/october/english/2024octfiscalmonitordatabase.xlsx){rel="external" type="application/vnd.openxmlformats-officedocument.spreadsheetml.sheet"} - **ch1-onlineannex-databaseoa — Dataset overview** - [ch1-onlineannex-databaseoa — Dataset overview (Markdown version)](/-/media/files/publications/fiscal-monitor/2024/october/english/ch1-onlineannex-databaseoa.xlsx.md){rel="alternate" type="text/markdown"} - [ch1-onlineannex-databaseoa — Dataset overview (XLSX)](/-/media/files/publications/fiscal-monitor/2024/october/english/ch1-onlineannex-databaseoa.xlsx){rel="external" type="application/vnd.openxmlformats-officedocument.spreadsheetml.sheet"} - **Chapter 1** - [Chapter 1 (Markdown version)](/-/media/files/publications/fiscal-monitor/2024/october/english/ch1.pdf.md){rel="alternate" type="text/markdown"} - [Chapter 1 (PDF)](/-/media/files/publications/fiscal-monitor/2024/october/english/ch1.pdf){rel="external" type="application/pdf"} - **ch1database** - [ch1database (Markdown version)](/-/media/files/publications/fiscal-monitor/2024/october/english/ch1database.xlsx.md){rel="alternate" type="text/markdown"} - [ch1database (XLSX)](/-/media/files/publications/fiscal-monitor/2024/october/english/ch1database.xlsx){rel="external" type="application/vnd.openxmlformats-officedocument.spreadsheetml.sheet"} - **Executive Summary** - [Executive Summary (Markdown version)](/-/media/files/publications/fiscal-monitor/2024/october/english/execsum.pdf.md){rel="alternate" type="text/markdown"} - [Executive Summary (PDF)](/-/media/files/publications/fiscal-monitor/2024/october/english/execsum.pdf){rel="external" type="application/pdf"} - **Foreword** - [Foreword (Markdown version)](/-/media/files/publications/fiscal-monitor/2024/october/english/foreword.pdf.md){rel="alternate" type="text/markdown"} - [Foreword (PDF)](/-/media/files/publications/fiscal-monitor/2024/october/english/foreword.pdf){rel="external" type="application/pdf"} - **METHODOLOGICAL AND STATISTICAL APPENDIX - Fiscal Monitor October 2024** - [METHODOLOGICAL AND STATISTICAL APPENDIX - Fiscal Monitor October 2024 (Markdown version)](/-/media/files/publications/fiscal-monitor/2024/october/english/msa.pdf.md){rel="alternate" type="text/markdown"} - [METHODOLOGICAL AND STATISTICAL APPENDIX - Fiscal Monitor October 2024 (PDF)](/-/media/files/publications/fiscal-monitor/2024/october/english/msa.pdf){rel="external" type="application/pdf"} - **Chapter 1 Online Annexes. IMF Fiscal Monitor, October 2024** - [Chapter 1 Online Annexes. IMF Fiscal Monitor, October 2024 (Markdown version)](/-/media/files/publications/fiscal-monitor/2024/october/english/onlineannexes.pdf.md){rel="alternate" type="text/markdown"} - [Chapter 1 Online Annexes. IMF Fiscal Monitor, October 2024 (PDF)](/-/media/files/publications/fiscal-monitor/2024/october/english/onlineannexes.pdf){rel="external" type="application/pdf"} - **Preface** - [Preface (Markdown version)](/-/media/files/publications/fiscal-monitor/2024/october/english/preface.pdf.md){rel="alternate" type="text/markdown"} - [Preface (PDF)](/-/media/files/publications/fiscal-monitor/2024/october/english/preface.pdf){rel="external" type="application/pdf"} - **Full Report** - [Full Report (Markdown version)](/-/media/files/publications/fiscal-monitor/2024/october/english/text.pdf.md){rel="alternate" type="text/markdown"} - [Full Report (PDF)](/-/media/files/publications/fiscal-monitor/2024/october/english/text.pdf){rel="external" type="application/pdf"} --- ## References - [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) _Source: https://www.imf.org/en/publications/fm/issues/2024/10/23/fiscal-monitor-october-2024_