IMF Official Warns Nearly Every Government Faces Fiscal Pressure
Large debts, higher borrowing costs and rising spending demands are squeezing public budgets worldwide, an IMF official said in Washington on Oct 17.
Governments in nearly every economy are under pressure over their finances, an official from the International Monetary Fund (IMF) has said, according to a Bernama-Xinhua report from Washington on Oct 17.
The official pointed to three pressures weighing on public budgets: large debts that countries already carry, borrowing costs that have risen, and rising calls for more government spending.
Taken together, the official's remarks suggest almost every government faces urgent questions about how to manage its money. The warning is aimed at economies around the world, not at any single country.
