Prediction of the coming interest rate trends this year will show how the policies of both the central banks differ. ... An important part of this has been the increased efforts by central banks to communicate their views about the economic outlook and its implications for monetary policy. ... In 2002 Pakistan faced severe fiscal imbalance and attained rise in public debt. ... As a result of government efforts, fiscal imbalances had been narrowed. Fiscal deficit had been reduced due to improvement in revenue and curtailment of expenditure. ...

• Word Count: 2454
• Approx Pages: 10
• Has Bibliography
• Grade Level: High School

Hong Kong Government's fiscal policy had been conservative and had accumulated huge surpluses prior to 1997. ... Even with the emergence of huge fiscal deficit these years, the government is inclined to tap the fiscal reserve and to set goals in achieving budget balance. It is unlikely that the government will issue bonds to finance the fiscal deficit directly which deviates from strict fiscal discipline as required by a currency board system and exerts negative impacts on financial stability that outstrips the benefits of developing a bond market . ...

• Word Count: 1396
• Approx Pages: 6
• Grade Level: Undergraduate

It does this by providing advice on jobs and growth, debt sustainability, and financial systems, and work on fiscal policy and employment amongst many. In its annual report for 2013, the IMF presents the wide-array of programs they offer and also addressed the problem of how in a globalized world, lagging policy momentum can affect all. ... The IMF said that its "fiscal advice to member countries, including those with IMF-supported programs, has been continually reviewed and adjusted as needed. ... Now with money at their disposal, governments can pursue inappropriate policies longer than the...

• Word Count: 1443
• Approx Pages: 6
• Has Bibliography
• Grade Level: Undergraduate