Projecting Public Debt and Fiscal Adjustment Paths - Virtual


TARGET GROUP | Junior to senior officials working in macro-fiscal policy / debt management units and officials in ministries and central banks dealing with the analysis of debt developments. Participants should have a degree in economics or equivalent work experience and some familiarity with using spreadsheets.


DESCRIPTION | The workshop looks at fiscal sustainability in a practical, hands-on way in a post-COVID world. It applies the newly developed Excel-based public Debt Dynamics Tool (DDT) to project public debt, compute fiscal adjustment paths, perform pre-defined and tailor-made stress tests, and present results in a standardized format. The course also discusses indicators of debt sustainability and risks of debt distress and includes long-term fiscal pressures.


OBJECTIVES | Upon completion of this course, participants should be able to:

• Compute public debt dynamics (i.e., the evolution of public debt over time) under a baseline and alternative scenarios.

• Identify the main drivers of public debt changes.

• Conduct stress tests to public debt dynamics, including using fan charts.

• Compute and assess fiscal adjustment measures to achieve a user-defined public debt target.

• Understand and use the DDT to analyse public debt dynamics developments in their own country.


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Course Details

Start: 20210315Mar 15
End: 20210324Mar 24

Language: Eng/Pyc

Sponsoring Organization: IMF

Application Deadline: By invitation only

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