Russian
- Executive Summary
(PDF)
Fiscal Monitor
Back To Work: How Fiscal Policy Can Help
October 2014
With the recovery uneven, uncertainties still
widespread, and social tensions rising, fiscal policy must find ways
to put public finances on a firmer footing while at the same time
supporting long-term growth. Specifics of course vary across country
groups. In advanced economies, weak recovery and low inflation call
for a delicate balance between support for growth and debt
sustainability. Emerging markets should take advantage of their
still favorable positions to rebuild policy buffers. And low-income
countries should decisively strengthen fiscal governance to make
productive use of their natural and financial resources. But in all
cases fiscal policy must, maybe more than in the past, incorporate
measures aimed at increasing productivity, employment, and long term
growth.
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