## Post-Crisis Fiscal Policy Priorities for the ASEAN-5

_IMF Working Papers, November 1, 2010_

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## Bibliographic details
- Published: November 1, 2010
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781455209521.001

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### Executive summary and context
- Focus: post-crisis fiscal priorities in the ASEAN-5 economies — Indonesia, Malaysia, Philippines, Singapore and Thailand.
- Context: sound economic fundamentals and timely and forceful policy responses to the crisis, including fiscal stimulus, contributed to rapid economic recovery in the ASEAN-5.
- Transition challenge: as growth rebounds, these economies are beginning to identify, communicate and implement strategies for unwinding the fiscal stimulus while addressing long-term growth challenges.

### Key findings
- Fiscal policy priorities identified:
  - Address infrastructure gaps.
  - Stimulate private consumption.
  - Expand social safety nets.
- Creating fiscal space:
  - Will require raising revenues and reorienting public spending rather than increasing borrowing.
- Structural reforms:
  - Supporting structural reforms that aim to stimulate private infrastructure investment could help address long-term growth challenges while easing the burden on fiscal policy.

### Policy recommendations
- Prioritize revenue-raising measures and reorientation of public spending over higher public borrowing to create fiscal space for infrastructure, consumption support, and social protection.
- Implement structural reforms to mobilize private investment in infrastructure, reducing direct fiscal strain.
- Coordinate communication and sequencing of fiscal stimulus unwinding to sustain recovery while addressing medium-term priorities.

### Publication and metadata
- Publication title: Post-Crisis Fiscal Policy Priorities for the ASEAN-5
- Series: Working Paper No. 2010/252
- Issue: 252
- Volume: 2010
- Pages: 27
- DOI: https://doi.org/10.5089/9781455209521.001
- Stock No: WPIEA2010252
- ISBN: 9781455209521
- ISSN: 1018-5941
- Publication date: November 1, 2010
- Subject: Expenditure, Fiscal policy, Fiscal space, Infrastructure, Public debt
- Keywords: ASEAN-5, economy, Indonesia, Philippines, WP

*International Monetary Fund. "Post-Crisis Fiscal Policy Priorities for the ASEAN-5", IMF Working Papers 2010, 252 (2010), accessed 9/17/2026, https://doi.org/10.5089/9781455209521.001*

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_Source: https://www.imf.org/en/publications/wp/issues/2016/12/31/post-crisis-fiscal-policy-priorities-for-the-asean-5-24343_