Watch the highlights of AMRO’s ASEAN+3 Fiscal Policy Report 2024: Transitioning to Fiscal Normality.
The fiscal positions of ASEAN+3 economies improved in 2023, buoyed by continued economic recovery. The region’s government debt is forecast to rise at a slower pace, and gross financing needs are expected to remain elevated over the medium term.
The region’s positive economic outlook in the near term presents an opportunity for fiscal policy to transition from crisis mode to its fundamental role in supporting sustainable and inclusive growth. How can ASEAN+3 policymakers strengthen efforts to address structural challenges?