Fiscal Monitor, April 2021: A Fair Shot

April 7, 2021

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Fiscal Monitor, April 2021: A Fair Shot, (USA: International Monetary Fund, 2021) accessed November 21, 2024

Summary

This report overviews countries fiscal actions in response to COVID-19 and discusses how governments policies should adapt to get ahead of the pandemic and set the stage for a greener, fairer, and more durable recovery. Global vaccination should be scaled up as it can save lives and will eventually pay for itself with stronger employment and economic activity. Until the pandemic is brought under control globally, fiscal policies must remain flexible and supportive, while keeping debt at a manageable level over the long term. Governments also need to adopt comprehensive policies, embedded in medium-term frameworks, to tackle inequalities—especially in access to basic public services—that were exacerbated by the COVID-19 pandemic and may cause income gaps to persist. Investing in education, healthcare and early childhood development and strengthening social safety nets financed through improved tax capacity and higher progressivity, can strengthen lifetime opportunities, improve trust, and contribute to more social cohesion.

Subject: COVID-19, Education, Expenditure, Health, Income, Income inequality, Monetary policy, National accounts, Public debt

Keywords: Africa, COVID-19, Global, Government cash transfer, Government support, Income, Income group, Income inequality, Middle East, Nonfinancial firm, North Africa, Response tracker

Publication Details

Pages:

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Volume:

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DOI:

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Issue:

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Series:

Fiscal Monitor No 2021/001
Stock No:

FMOEA2021001
ISBN:

9781513571553
ISSN:

2219-276X

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