TY - BOOK AU - Villafuerte,Mauricio AU - Abbas,S.M.Ali AU - Basdevant,Olivier AU - Eble,Stephanie AU - Everaert,Greetje AU - Gottschalk,Jan AU - Hasanov,Fuad AU - Park,Junhyung AU - Sancak,Cemile AU - Velloso,Ricardo AU - Villafuerte,Mauricio TI - Strategies for Fiscal Consolidation in the Post-Crisis World T2 - Departmental Papers / Policy Papers SN - 1589069374 : PY - 2010/// CY - Washington, D.C. PB - International Monetary Fund KW - Developed Countries KW - imf KW - Bulgaria KW - Italy KW - Japan KW - Romania N2 - In response to the global financial crisis, governments provided substantial support to the financial and other key sectors. Although this cushioned the adverse effects of the crisis, it is necessary now to articulate a strategy to ensure the sustainability of public finances. This paper discusses the scale and composition of fiscal adjustment that will need to occur once the recovery is securely under way. Although specific country-level circumstances will influence the composition of the adjustment and its political feasibility, in many cases restoring fiscal sustainability will require reforms to reduce spending and increase tax revenue UR - http://elibrary.imf.org/view/IMF087/10981-9781589069374/10981-9781589069374/10981-9781589069374.xml UR - http://www.imfbookstore.org/IMFORG/9781589069374 ER -