A Status Update on Fiscal Exit Strategies

December 1, 2010

Preview Citation

Format: Chicago

A Status Update on Fiscal Exit Strategies, (USA: International Monetary Fund, 2010) accessed November 23, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

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.

Subject: Expenditure, Fiscal policy, Fiscal stance, Public debt, Revenue administration

Keywords: Adjustment plan, Country authorities, Output gap, Real GDP, WP

Publication Details

Pages:

66
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2010/272
Stock No:

WPIEA2010272
ISBN:

9781455210794
ISSN:

1018-5941

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