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Fiscal Monitor, October 2013: Taxing Times (World Economic and Financial Surveys)

International Monetary Fund. Fiscal Affairs Dept.




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 | #4502611 in eBooks |  2013-10-09 |  2013-10-09 | File type: PDF

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Persistently high debt ratios in advanced economies and emerging fragilities in the developing world cast clouds on the global fiscal landscape. In advanced economies, with narrowing budget deficits, the average public debt ratio is expected to stabilize in 2013–14—but it will be at a historic peak. At the same time, fiscal vulnerabilities are on the rise in emerging market economies and low-income countries—on the back, in emerging market economies, of...

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