Public debt is low in most regional economies but has grown in recent years as most economies ran fiscal deficits

2021 ◽  
Keyword(s):  
Public Debt ◽  
Regional Economies ◽  
Fiscal Deficits

scholarly journals Pakistan

2019 ◽  
Vol 19 (212) ◽  
pp. 1
Author(s):  
Keyword(s):  
Public Debt ◽  
Informal Economy ◽  
Financial Stability ◽  
Business Environment ◽  
Economic Policies ◽  
Short Term ◽  
Policy Action ◽  
Fiscal Deficits ◽  
Growth Prospects ◽  
Growing Population

Pakistan’s economy is at a critical juncture. Misaligned economic policies, including large fiscal deficits, loose monetary policy, and defense of an overvalued exchange rate, fueled consumption and short-term growth in recent years, but steadily eroded macroeconomic buffers, increased external and public debt, and depleted international reserves. Structural weaknesses remained largely unaddressed, including a chronically weak tax administration, a difficult business environment, inefficient and loss making SOEs, and low labor productivity amid a large informal economy. Without urgent policy action, economic and financial stability could be at risk, and growth prospects will be insufficient to meet the needs of a rapidly growing population.

Oman and Bahrain are the most vulnerable Gulf states

2020 ◽  
Keyword(s):  
Public Sector ◽  
Public Debt ◽  
Medium Term ◽  
Fiscal Deficits ◽  
Content Type ◽  
Gulf States ◽  
Remittance Flows ◽  
Debt Levels

Significance Oman and Bahrain, already struggling with rising public debt levels and high fiscal deficits, are in the most exposed medium-term position. Impacts Governments will seek to avoid cutting expenditure on public-sector salaries. Private businesses will lay off many of their expatriate workers. Gulf economic contractions will significantly reduce global remittance flows.

scholarly journals Fiscal Deficits, Public Debt, and Sovereign Bond Yields

2010 ◽  
Vol 10 (184) ◽  
pp. 1 ◽  
Author(s):  
Manmohan S. Kumar ◽  
Emanuele Baldacci ◽  
◽  
Keyword(s):  
Public Debt ◽  
Bond Yields ◽  
Fiscal Deficits ◽  
Sovereign Bond

Fiscal Rules—Anchoring Expectations for Sustainable Public Finances

Policy Papers ◽  
2009 ◽  
Vol 09 ◽  
Author(s):  
Keyword(s):  
Data Base ◽  
Public Debt ◽  
Sharp Increase ◽  
Developing Economies ◽  
Fiscal Rules ◽  
Fiscal Consolidation ◽  
Medium Term ◽  
Fiscal Deficits ◽  
Public Finances ◽  
Design And Implementation

The sharp increase in fiscal deficits and public debt in most advanced and several developing economies has raised concerns about the sustainability of public finances and highlighted the need for a significant adjustment over the medium term. This paper assesses the usefulness of fiscal rules in supporting fiscal consolidation, discusses the design and implementation of rules based on a new data base spanning the whole Fund membership, and explores the fiscal framework that could be adopted as countries emerge from the crisis.

The Political Economy of Fiscal Deficit Reductions

2020 ◽  
pp. 83-91
Author(s):  
Vito Tanzi
Keyword(s):  
Political Economy ◽  
Public Debt ◽  
Real Life ◽  
Policy Instruments ◽  
The Political ◽  
Principal Agent ◽  
Fiscal Deficit ◽  
Fiscal Deficits ◽  
The Past

Do policymakers learn from the past mistakes of previous governments or from mistakes made by other countries? Probably not. They mostly learn from their own mistakes. Governments often end up with fiscal deficits and a public debt that are too large. They regularly make pronouncements that they find difficult to satisfy, thus losing credibility. The loss of that credibility makes it difficult for them to introduce the necessary policies. The chapter provides some real life examples. Governments’ control over policymaking is often limited, as is their control over policy instruments. This is an area where principal–agent problems frequently exist.

Mexico debt dynamics accelerate, but are not worrying

2015 ◽  
Keyword(s):  
Public Sector ◽  
Public Debt ◽  
External Debt ◽  
Fiscal Deficits ◽  
Content Type ◽  
Debt Accumulation ◽  
Credit Line ◽  
Debt Dynamics ◽  
Global Liquidity ◽  
The Government

Subject The outlook for public debt in Mexico. Significance Total public sector debt stood at 505.9 billion dollars in May, with external debt accounting for around one third of that amount, according to the most recent Finance Ministry figures. Fiscal deficits have pushed up indebtedness in recent years, but falling costs have provided a counterweight to the debt accumulation. Impacts Only an external shock will significantly diminish Mexico's creditworthiness. Public debt should reach 50-55% of GDP when the government absorbs Pemex's pension commitments. In the case of a global liquidity crunch, Mexico could activate its IMF credit line, allowing it to borrow up to 72 billion dollars.

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