Fiscal Monitor, April 2015

Now Is the Time: Fiscal Policies for Sustainable Growth

Business & Finance, Economics, Public Finance, Money & Monetary Policy, Finance & Investing, Taxation
Cover of the book Fiscal Monitor, April 2015 by International Monetary Fund. Fiscal Affairs Dept., INTERNATIONAL MONETARY FUND
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Author: International Monetary Fund. Fiscal Affairs Dept. ISBN: 9781475544916
Publisher: INTERNATIONAL MONETARY FUND Publication: April 15, 2015
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: International Monetary Fund. Fiscal Affairs Dept.
ISBN: 9781475544916
Publisher: INTERNATIONAL MONETARY FUND
Publication: April 15, 2015
Imprint: INTERNATIONAL MONETARY FUND
Language: English
Fiscal risks remain significant in both advanced and emerging market and developing economies. Fiscal policy continues to play an essential role in building confidence and, where appropriate, sustaining aggregate demand. According to this issue of the Fiscal Monitor, strengthening fiscal frameworks—particularly to manage public finance risks and ensure debt sustainability—must be part of the fiscal policy response. Countries should seize the moment created by lower oil prices to start the process of energy taxation and energy subsidy reform. Finally, fiscal policy can contribute substantially to macroeconomic stability, through the workings of automatic stabilizers. By doing so, fiscal policy can also unlock significant growth dividends.
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Fiscal risks remain significant in both advanced and emerging market and developing economies. Fiscal policy continues to play an essential role in building confidence and, where appropriate, sustaining aggregate demand. According to this issue of the Fiscal Monitor, strengthening fiscal frameworks—particularly to manage public finance risks and ensure debt sustainability—must be part of the fiscal policy response. Countries should seize the moment created by lower oil prices to start the process of energy taxation and energy subsidy reform. Finally, fiscal policy can contribute substantially to macroeconomic stability, through the workings of automatic stabilizers. By doing so, fiscal policy can also unlock significant growth dividends.

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