In advanced economies, the envisaged slowdown in structural deficit reduction will provide welcome support to economic activity.
Fiscal efforts in the last five years have stabilized the average debt-to-GDP ratio.
Nevertheless, it is still expected to exceed 100 percent of GDP at the end of the decade. It is important to continue to reduce debt to safer levels and rebuild
fiscal buffers. Hesitant recovery and persistent risks of low flation and reform fatigue call for fiscal policy that carefully balances support for growth and employment
creation with fiscal sustainability