Fiscal Adjustment for Stability and Growth

ByJames Daniel

August 17, 2006

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Also available infrançais, español,

Summary

The pamphlet (which updates the 1995 Guidelines for Fiscal Adjustment) presents the IMF’s approach to fiscal adjustment, and focuses on the role that sound government finances play in promoting macroeconomic stability and growth. Structured around five practical questions—when to adjust, how to assess the fiscal position, what makes for successful adjustment, how to carry out adjustment, and which institutions can help—it covers topics such as tax policies, debt sustainability, fiscal responsibility laws, and transparency.

Subject: Expenditure, Fiscal consolidation, Fiscal policy, Public debt, Public financial management (PFM), Revenue administration

Keywords: countercyclical fiscal policy, debt, financing, Fiscal consolidation, fiscal policy adjustment, Global, nonrenewable resource revenue, PAM, policy objective, price level, tax, taxpayer, trader effort

Pages:
76
Volume:
---
DOI:
https://doi.org/10.5089/9781589065130.054
Issue:
---
Series:
Pamphlet Series, No. 55
Stock No:
P055EA
ISBN:
9781589065130
ISSN:
0538-8759

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Notes

Also available in French and Spanish.

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