European Parliament Library

Post-Crisis Fiscal Policy Priorities for the ASEAN-5

Abstract
This paper focuses on post-crisis fiscal priorities in the ASEAN-5 economies - Indonesia, Malaysia, Philippines, Singapore and Thailand. Sound economic fundamentals and timely and forceful policy responses to the crisis, including fiscal stimulus, contributed to rapid economic recovery in the ASEAN-5. As growth rebounds, these economies are beginning to identify, communicate and implement their strategies for unwinding the fiscal stimulus while addressing long-term growth challenges. In this context, the paper highlights the need for fiscal policies to address infrastructure gaps, stimulate private consumption and expand social safety nets. Creating fiscal space to address these challenges will require raising revenues and reorienting public spending rather than increasing borrowing. Supporting structural reforms, aiming to stimulate private infrastructure investment, could help address long-term growth challenges, while easing the burden on fiscal policy
Table Of Contents
Cover Page; Title Page; Copyright Page; Contents; Figures; Annex; I. Introduction; II. Exiting from Policy Support; A. The Cost of the Crisis; 1. General Government Overall Fiscal Balances; 2. Comparison of the 2009 Fiscal Positions Across the ASEAN-5; B. Post-Crisis Outlook; 3. Comparison of the 2010 Fiscal Positions Across the ASEAN-5; 4. General Government Debt and Primary Balance; C. Exit from Fiscal Policy Support; III. The Role of Public Policy in Strengthening Future Growth Potential; A. Key Challenges: Addressing Infrastructure Gaps
Language
eng
Literary Form
non fiction
Note
"November 2010."
Physical Description
1 online resource (51 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781455210442

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