IMF Fiscal Monitor, Addressing Fiscal Challenges to Reduce Economic Risks

Description

The Fiscal Monitor surveys and analyzes the latest public finance developments, it updates fiscal implications of the crisis and medium-term fiscal projections, and assesses policies to put public finances on a sustainable footing. The global economy is undergoing major transformations,including a productivity slowdown, technological change, and global economic integration. This creates new demands for public policies to facilitate these transformations, while cushioning the effect on those negatively affected. Fiscal policy has a greater role to play in fostering sustainable and inclusive growth. At the same time, the high degree of uncertainty surrounding the outlook as well as stretched government balance sheets require a better understanding and management of risks. Fiscal policy therefore has the difficult task of achieving more and better in a more constrained environment.