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Fiscal Monitor, October 2024 : Putting a Lid on Public Debt.
- Format:
- Book
- Government document
- Author/Creator:
- International Monetary Fund. Fiscal Affairs Dept.
- Series:
- Fiscal Monitor; Fiscal Monitor No 2024/002
- Fiscal Monitor
- Language:
- English
- Physical Description:
- 1 online resource (103 pages)
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2024.
- Summary:
- Global public debt is elevated. It is projected to exceed US$100 trillion in 2024 and will rise over the medium term. This chapter shows that risks to the debt outlook are heavily tilted to the upside. In a severely adverse scenario, global debt is estimated to be nearly 20 percentage points of GDP higher three years ahead than the baseline projection, reaching 115 percent of GDP. Much larger fiscal adjustments than currently planned are required to stabilize (or reduce) debt with high probability. Now is an opportune time for rebuilding fiscal buffers and delaying is costly. Rebuilding fiscal buffers in a growth-friendly manner and strengthening fiscal governance is essential to ensure sustainable public finances and financial stability.
- Notes:
- Description based on print version record.
- ISBN:
- 9798400282973
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