IMF Working Papers

An Updated Action-based Dataset of Fiscal Consolidation

By Gustavo Adler, Cian Allen, Giovanni Ganelli, Daniel Leigh

September 27, 2024

Download PDF More Formats on IMF eLibrary Order a Print Copy
More formats on IMF eLibrary Order a Print Copy

Preview Citation

Format: Chicago

Gustavo Adler, Cian Allen, Giovanni Ganelli, and Daniel Leigh. "An Updated Action-based Dataset of Fiscal Consolidation", IMF Working Papers 2024, 210 (2024), accessed November 13, 2024, https://0-doi-org.library.svsu.edu/10.5089/9798400289811.001

Export Citation

  • ProCite
  • RefWorks
  • Reference Manager
  • BibTex
  • Zotero
  • EndNote

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

This paper presents a dataset of fiscal consolidation for 17 OECD economies during 1978-2020 and 14 economies in Latin America and the Caribbean during 1989-2020. We focus on discretionary changes in taxes and government spending primarily motivated by a desire to reduce the budget deficit and not by a response to prospective economic conditions. To identify the motivation and budgetary impact of the fiscal policy changes, we examine contemporaneous policy documents, including central bank reports, Convergence Programmes and Stability Programmes submitted by the authorities to the European Commission, and IMF and OECD reports. The resulting series can be used to estimate the macroeconomic effects of fiscal consolidation.

Subject: Asset and liability management, Budget planning and preparation, Consumption taxes, Debt reduction, Expenditure, Fiscal consolidation, Fiscal performance assessment, Fiscal policy, Fiscal stance, Fiscal stimulus, Government debt management, Public debt, Public financial management (PFM), Taxes

Keywords: Argentina, Budget planning and preparation, Caribbean, Colombia, Consumption taxes, Debt reduction, Exceptional access, Fiscal consolidation, Fiscal performance assessment, Fiscal policy, Fiscal stance, Fiscal stimulus, Fiscal sustainability, Government debt management, Government expenditure, Revenue administration, Taxation

Publication Details

Supplemental Resources

You May Also Be Interested In...

Republic of Tajikistan: Technical Assistance Report-Public Investment Management Assessment with the Climate Module

November 8, 2024

Colombia: Technical Assistance Report-Report on the Mineral Asset Accounts and Carbon Footprints Mission (May 20–24, 2024)

November 8, 2024

Republic Of Tajikistan: Fiscal Risk Management and Transparency of State-Owned Enterprises

November 8, 2024

Citizens Perceptions of Tax Authorities and Tax Efficiency

November 8, 2024