Post-crisis fiscal policy priorities for the ASEAN-5 /

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Bibliographic Details
Author / Creator:	Budina, Nina, author.
Imprint:	[Washington, D.C.] : International Monetary Fund, ©2010.
Description:	1 online resource (27 pages) : color illustrations
Language:	English
Series:	IMF working paper ; WP/10/252 IMF working paper ; WP/10/252.
Subject:	Fiscal policy -- Southeast Asia. Financial crises. Financial crises. Fiscal policy. Southeast Asia.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12499764

Hidden Bibliographic Details
Other authors / contributors:	Tuladhar, Anita, author. International Monetary Fund. Asia and Pacific Department, issuing body. International Monetary Fund. Fiscal Affairs Department, issuing body.
ISBN:	1283562979 9781283562973 9781455241590 1455241598 9781455209521 145520952X
Notes:	Includes bibliographical references. Print version record.
Summary:	This paper focuses on post-crisis fiscal priorities in the ASEAN-5 economies - Indonesia, Malaysia, Philippines, Singapore and Thailand. Sound economic fundamentals and timely and forceful policy responses to the crisis, including fiscal stimulus, contributed to rapid economic recovery in the ASEAN-5. As growth rebounds, these economies are beginning to identify, communicate and implement their strategies for unwinding the fiscal stimulus while addressing long-term growth challenges. In this context, the paper highlights the need for fiscal policies to address infrastructure gaps, stimulate private consumption and expand social safety nets. Creating fiscal space to address these challenges will require raising revenues and reorienting public spending rather than increasing borrowing. Supporting structural reforms, aiming to stimulate private infrastructure investment, could help address long-term growth challenges, while easing the burden on fiscal policy.
Other form:	Print version: Fund, International Monetary. Post-Crisis Fiscal Policy Priorities for the ASEAN-5. Washington : International Monetary Fund, ©2010 9781455209521

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