Fiscal Monitor, April 2014

Public Expenditure Reform: Making Difficult Choices

Editor: Ms. Martine Guerguil and Mr. Michael Keen

Fiscal risks are abating somewhat but remain elevated. In advanced economies, recent policy moves have broadly stabilized public debt ratios, but medium-term prospects are still uncertain, and debt remains at historic highs. Fiscal vulnerabilities are rising in both emerging market economies and low-income countries, although in most cases from relatively moderate levels. Across country groups, fiscal policy should aim at rebuilding policy space while supporting the recovery and long-term growth prospects.
Publication date: April 2014
ISBN: 9781475557121
$41.00
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Topics covered in this book

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Money and Monetary Policy , Public Finance , International Taxation , expenditure , public spending , fiscal projections , emerge market economy , advanced economy , euro area , develop economy , debt ratio

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