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Fiscal Monitor

Shifting Gears: Tackling Challenges on the Road to Fiscal Adjustment

April 2011

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        The Fiscal Monitor was launched in 2009 to survey and analyze the latest public finance developments, update fiscal implications of the crisis and medium-term fiscal projections, and assess policies to put public finances on a sustainable footing. It is prepared twice a year by the IMF’s Fiscal Affairs Department.

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        Contents

        Preface
        Main Themes
         
        Chapter 1. Fiscal Deficits and Debts: Developments and Outlook
         
          Developments in 2010 and Projections for 2011
          Medium-Term Outlook
          Longer-Term Adjustment Needs
         
        Chapter 2. Sovereign Financing and Government Debt Markets
         
          Gross Financing Needs
          Sovereign Yields and Spreads
         
        Chapter 3. Shocks to the Baseline Fiscal Outlook
         
        Chapter 4. Assessing and Mitigating Fiscal Sustainability Risks
         
          How Have Fiscal Sustainability Risks Changed?
          Measures to Mitigate Fiscal Sustainability Risks
         
         
        Appendices
        Glossary
        References
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