## A Guide and Tool for Projecting Public Gross Financing Needs

_Technical Notes and Manuals, January 24, 2025_

## Source details

**Canonical URL:** [A Guide and Tool for Projecting Public Gross Financing Needs](https://www.imf.org/en/publications/tnm/issues/2025/01/24/a-guide-and-tool-for-projecting-public-gross-financing-needs-555913)

## Other formats

- [Markdown version](/en/publications/tnm/issues/2025/01/24/a-guide-and-tool-for-projecting-public-gross-financing-needs-555913/index.md)
- [Structured JSON version](/en/publications/tnm/issues/2025/01/24/a-guide-and-tool-for-projecting-public-gross-financing-needs-555913/index.json)
- [Bundle manifest](/en/publications/tnm/issues/2025/01/24/a-guide-and-tool-for-projecting-public-gross-financing-needs-555913/bundle-manifest.json)

## Bibliographic details
- Authors: Santiago Acosta Ormaechea, Leonardo Martinez, Jorge Restrepo
- Published: January 24, 2025
- Series: Technical Notes and Manuals
- DOI: https://doi.org/10.5089/9798400289446.005

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### Overview and Purpose
- Presents the analytical underpinnings and a manual for the Public Debt Dynamics Tool with Gross Financing Needs (DDT_GFN), an extension of the Public Debt Dynamics Tool (DDT).
- The DDT projects public debt as percent of GDP under a baseline and alternative scenarios.
- The DDT_GFN presents debt-to-GDP projections and the corresponding public gross financing needs (GFN)-to-GDP projections for all DDT scenarios.
- Includes fan charts for both public debt and GFN.
- Computes fiscal adjustment paths for a user defined GFN target and adjustment period.
- Developed by the IMF Institute for Capacity Development for capacity development work on macroeconomic frameworks for forecasting and policy analysis.

### Key Features and Analytical Components
- Debt-to-GDP projections under baseline and alternative scenarios.
- Public gross financing needs (GFN)-to-GDP projections corresponding to each scenario.
- Fan charts for public debt and GFN to represent distributional uncertainty.
- Fiscal adjustment path computation given:
  - a user defined GFN target, and
  - a user defined adjustment period.
- Requires twelve often publicly available macrofiscal variables to perform analyses of public debt and GFN dynamics.

### Use Cases and Intended Users
- Designed for IMF Institute for Capacity Development capacity building activities.
- Intended to support macroeconomic frameworks for forecasting and policy analysis, including stress testing of debt and financing needs and designing fiscal adjustment strategies.

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## Content in this bundle

- **A Guide and Tool for Projecting Public Gross Financing Needs; January 2025; TNM 2025/01**
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  - [A Guide and Tool for Projecting Public Gross Financing Needs; January 2025; TNM 2025/01 (PDF)](/-/media/files/publications/tnm/2025/english/tnmea2025001.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/tnm/issues/2025/01/24/a-guide-and-tool-for-projecting-public-gross-financing-needs-555913_