From Stimulus to Consolidation - Revenue and Expenditure Policies in Advanced and Emerging Economies
April 30, 2010
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This paper identifies policy tools to support fiscal consolidation in the years ahead. Its starting point is the analysis in the recent Board papers describing strategies for fiscal consolidation (IMF, 2010a, 2010b), which showed that on current trends, general government debt in advanced countries would rise 36 percentage points of GDP during 2007–14, and that age-related spending (health and pension) would rise rapidly later, further adding to fiscal pressures. Trends are more favorable in emerging economies, but adjustments are needed there too. <br /><br /> <a href="/external/Russian/np/pp/2010/043010ar.pdf">Also Available in Russian</a>
Subject: Cross country analysis, Developed countries, Emerging markets, Fiscal consolidation, Fiscal policy, Fiscal reforms, Government expenditures, Revenue measures, Revenues, Tax reforms
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