European Parliament Library

A Status Update on Fiscal Exit Strategies

With a modest recovery in the global economy underway, and amid rising concerns about the sharp increase in government debt in several countries, debate has increasingly focused on the need to identify and implement fiscal exit strategies. This paper reviews the medium-term plans of 25 countries - the G20 plus six others with large adjustment needs - and finds that most of them have made reasonable progress in defining these strategies. Nevertheless, strategies fall short in some areas, including committing to long-term debt targets, spelling out adjustment measures in detail, and tackling rising health care costs
Table Of Contents
Cover Page; Title Page; Copyright Page; Contents; Executive Summary; I. Introduction; II. Analytical Framework; III. Exit Strategies: How Much, How Fast, and How; A. Size and Speed of Adjustment; 1. Adjustment Plans for the Overall Balance, Primary Balance, and Cyclically Adjusted Balance, 2010-15; 2. Crisis Impact, Size, and Timing of Adjustment, 2007-13; 1. Fiscal Indicators of Crisis Impact and Planned Adjustment, 2007-13; 3. Adjustment in the Overall Balance, Primary Balance, and Cyclically Adjusted Primary Balance, 2009-13
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (110 p.)
Specific Material Designation
Form Of Item

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