• Economic Preparedness: The Need for Fiscal Space

    7 monthes ago - By iMF Direct

    By Vikram Haksar , Marialuz Moreno-Badia , Catherine Pattillo and Murtaza Syed
    June 27, 2018
    Versions in عربي , 中文 , Baˈhasa indoneˈsia , 日本語 , Português
    Countries must assess the amount of room in their budgets for increasing spending or cutting taxes (
    How much leeway national policymakers have for increasing spending or cutting taxes has been hard to assess. It is a critical question during periods of economic downturn when the government is asked to stimulate the economy. But it is also an equally important question in a time of cyclical upswing such as we're now experiencing because...
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