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International Monetary Fund. Asia and Pacific Dept

infrastructure is also important to deliver a boost to potential growth . The Australian Government has processes in place to facilitate high quality investment in infrastructure. I nfrastructure Australia works to prioritize and progress nationally significant infrastructure projects that are underpinned by robust business cases. At the current levels of investment in infrastructure by the Commonwealth, State and Territory governments, some capacity constraints and skills shortages are emerging, which would potentially be amplified by a further lift in infrastructure

International Monetary Fund. Asia and Pacific Dept
Strong health and economic policies allowed for quick economic recovery from initial COVID-19-related lockdowns in 2020. Renewed outbreaks and lockdowns have created setbacks since mid-2021, with disproportionate impacts on some regions, sectors, and workers. Accommodative macroeconomic policies have been instrumental in cushioning the economic impact.
International Monetary Fund

: Fiscal projections are based on data from the Australian Bureau of Statistics, the FY2022/23 budget published by the Commonwealth Government in March 2022, the FY2021/22 budget published by each state/territory government, the FY2021/22 budget update published by some state governments, and the IMF staff’s estimates and projections. Austria : Fiscal projections are based on the 2022 budget, the Austria Stability Programme, Austria National Reform Programme 2021, the new EU recovery funds, and the latest announcement on fiscal measures. Belgium : Projections are

International Monetary Fund
This paper highlights the state of Public Finances Cross-Country Fiscal Monitor. This edition of the Cross-Country Fiscal Monitor provides an update of global fiscal developments and policy strategies, based on projections from the November 2009 WEO. These projections reflect the assessment of IMF staff of current country policies and initiatives expected during 2009–2014 Underlying fiscal trends in advanced economies are weaker than previously projected, however, lower expected costs of financial sector support in the United States mean that 2009 headline numbers are better. New estimates of needed medium-term fiscal adjustment in advanced economies. Fiscal policy will continue to provide substantial support to aggregate demand in most countries this year, but a tightening is projected to commence next year in G-20 emerging markets. Fiscal policy is projected to begin tightening in emerging G-20 economies next year, reflecting a combination of reduced anti-crisis spending and expected consolidation beyond the withdrawal of crisis-related stimulus in Brazil, Mexico, and Turkey, supported by a pick-up of growth. Higher commodity prices are also expected to contribute to lower overall deficit.