Fiscal space watch: No time to sit on laurels
In more than 80 percent of these countries, government debt is now higher than before the 2008-09 global financial crisis. Many of these economies need to urgently improve fiscal positions within credible medium-term fiscal plans and tilt borrowing towards longer maturities and domestic currency.
City Of United Kingdom Centre For Economic Policy Research Great Plunge In Oil Prices World Bank Journal Of International Money
Source: worldbank.org