About this work
Ambitious fiscal consolidation plans faced implementation risks as emerging economies began withdrawing pandemic stimulus. Jonathan Fortun and Sergi Lanau examine planned deficit reductions for 2022 and 2023, including difficult cuts to primary spending. Their September 2021 assessment anticipated delays in several countries, especially where targets implied spending below levels before the pandemic.
Abstract
Ambitious fiscal consolidation plans faced implementation risks as emerging economies began withdrawing pandemic stimulus. Jonathan Fortun and Sergi Lanau examine planned deficit reductions for 2022 and 2023, including difficult cuts to primary spending. Their September 2021 assessment anticipated delays in several countries, especially where targets implied spending below levels before the pandemic.
Cite this work
Jonathan Fortun, Sergi Lanau (2021). Economic Views: EM Fiscal Tightening Ahead. Institute of International Finance.