Fiscal Guardrails against High Debt and Looming Spending Pressures

Fiscal Guardrails against High Debt and Looming Spending Pressures

According to the IMF, 60% of countries have made progress in ensuring fiscal discipline since the 2008–2009 crisis.

However, in many states government spending continues to grow rapidly, driven by rising debt obligations. In some cases, budget deficits and public debt levels exceed established thresholds. Looking ahead, this creates the risk of uncontrolled debt accumulation and deterioration of economic conditions. As possible solutions, the IMF recommends introducing corrective mechanisms for fiscal rules, including strict deficit limits linked to sovereign credit ratings, as well as strengthening the role of independent fiscal institutions to enhance the transparency of fiscal policy.


Print   Email
Image

Website of the Accounts Chamber of the Russian Federation International Activities

Privacy Policy

We use cookies and collect technical impersonal information about you to improve the performance of our website. You can find a detailed description of how we use your data information in our Privacy Policy. For a detailed description of the technologies, please see the Cookie and Automatic Logging Policy. By clicking on the "Accept & Close" button, you provide your explicit consent to the processing of your data to achieve the above goal. You can withdraw your consent using the method specified in the Privacy Policy.