A Status Update on Fiscal Exit Strategies
Abstract
With a modest recovery in the global economy underway, and amid rising concerns about the sharp increase in government debt in several countries, debate has increasingly focused on the need to identify and implement fiscal exit strategies. This paper reviews the medium-term plans of 25 countries - the G20 plus six others with large adjustment needs - and finds that most of them have made reasonable progress in defining these strategies. Nevertheless, strategies fall short in some areas, including committing to long-term debt targets, spelling out adjustment measures in detail, and tackling rising health care costs.Download Info
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Paper provided by International Monetary Fund in its series IMF Working Papers with number 10/272.Length: 1466
Date of creation: 01 Dec 2010
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Handle: RePEc:imf:imfwpa:10/272
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Related research
Keywords: Fiscal consolidation; Economic recovery; Government expenditures; Group of Twenty; Medium-term strategy;This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-01-03 (All new papers)
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