01984cas a2200229 a 4500 AALejournalIMF018280 230101c9999 xx r poo 0 0eng d 9781484343418 0145-1707 BD-DhAAL BD-DhAAL International Monetary Fund. Communications Department. Finance and Development, March 2018. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (64 pages) Finance and Development <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This issue focuses on recent experiences that holds lessons for when to tackle debt and when not to. Growth is picking up, and the IMF has been ratcheting up its forecasts. Government coffers are filling and, with more people at work, demand for public social support is receding. Research shows that the stimulatory effect of fiscal expansion is weak when the economy is close to capacity. Low-income economies may be at greatest risk. Traditionally, they borrowed from official creditors at below-market rates. Higher global rates could divert precious budget resources to debt servicing from crucial infrastructure projects and social services. Raising budget balances toward their medium-term targets can be achieved at little cost to economic activity. Growth-enhancing infrastructure investments and crucial social services such as health and education should be maintained. Well-designed fiscal policy can address inequality and stimulate growth. Mode of access: Internet Finance and Development; Finance and Development ; No. 0055/001 Full text available on IMF http://elibrary.imf.org/view/journals/022/0055/001/022.0055.issue-001-en.xml IMF e-Library