IMF Fiscal Monitor: Public Expenditure Reform: Making Difficult Choices, April 2014
World Economic and Financial Surveys
Fiscal Monitor
Public Expenditure Reform: Making Difficult Choices
April 2014
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 strengthening the recovery and long-term growth prospects.
Contents
Chapter 1. Recent Fiscal Developments and the Short-Term Outlook
Chapter 2. Public Expenditure Reform: Making Difficult Choices
Methodological and Statistical Appendix
Back Matter
©2014 International Monetary Fund
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