Fiscal Monitor Nov2010 (IMF)

Fiscal exit: from strategy to implementation, published by IMF. The fiscal monitor anlyze the latest public finance developments. Fiscal policy is beginning a gradual shift from supporting demand to reducing deficits, but at different speeds. Deficits demand to reducing most emerging market and low-income countries, mostly because of improved cyclical conditions. Deficits are also falling in several advanced economies, in some cases because market pressures have dictated an early fiscal exit. The main themes of this paper are: 1) Fiscal developments and near-term outlook, 2) sovereign financing and governments debt markets, 3) Fiscal adjustment plans and medium-term fiscal outlook.