A Primer on Restoring Fiscal Space and Sustainability (English)

This paper presents several key messages on fiscal consolidation. The paper begins by discussing the motivations, timing, design, and political economy of fiscal consolidation, as well as its macroeconomic and social impacts, drawing on the main results of a very large economic literature. It then presents the results of a new database covering 196 countries from 1980 to 2023, showing that consolidations can successfully restore fiscal sustainability...

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DETAILS

Author

World Bank;
Document Date
2025/04/18
Document Type
Report
Report Number
192072
Volume No
1
Country
World,
Region
Other,
Disclosure Date
2025/04/18
Disclosure Status
Disclosed
Doc Name
A Primer on Restoring Fiscal Space and Sustainability

Language

English

Rel. Proj ID

1W-OGE - Fiscal Policy for Sustainable and Inclusive Growth -- P177886

Major Sector

Public Administration

Theme

FY17 - Fiscal Policy,FY17 - Fiscal sustainability,FY17 - Adaptation,FY17 - Economic Growth and Planning,FY17 - Public Expenditure Policy,FY17 - Climate change,FY17 - Inclusive Growth,FY17 - Mitigation

Sector

FY17 - Central Government (Central Agencies)

Topics

Fiscal Balance,Fiscal Decentralization,Sustainable Economic Growth,

Unit Owning

Prosperity-Econ Pol-Mac/Fis-Tax (EMFTX)

Version Type

Final

Product Line

Advisory Services & Analytics

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Citation

World Bank.

A Primer on Restoring Fiscal Space and Sustainability (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099062724151525291

A Primer on Restoring Fiscal Space and Sustainability (English)

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