https://www.taxtmi.com/news?id=22949 The IMF advises additional near-term fiscal support focused on vulnerable households and SMEs, stressing full implementation of existing relief measures. It warns that medium-term fiscal space will be limited and calls for a credible fiscal consolidation plan once the pandemic subsides. WEO revisions incorporated a longer partial lockdown and slower recovery assumptions, producing projections of a materially higher fiscal deficit and an elevated public debt-to-GDP ratio driven by weak revenues and a negative nominal GDP effect. en-us Fri, 10 Jul 2020 19:08:56 +0530 Fri, 10 Jul 2020 19:08:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22949 The IMF advises additional near-term fiscal support focused on vulnerable households and SMEs, stressing full implementation of existing relief measures. It warns that medium-term fiscal space will be limited and calls for a credible fiscal consolidation plan once the pandemic subsides. WEO revisions incorporated a longer partial lockdown and slower recovery assumptions, producing projections of a materially higher fiscal deficit and an elevated public debt-to-GDP ratio driven by weak revenues and a negative nominal GDP effect. News - Fri, 10 Jul 2020 19:08:56 +0530 https://www.taxtmi.com/news?id=22949