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dc.contributor.authorSirimaneetham, Vatcharin
dc.creatorUN.ESCAP
dc.date.accessioned2023-12-29T03:50:02Z
dc.date.available2023-12-29T03:50:02Z
dc.date.issued2023-12-29
dc.identifier.urihttps://hdl.handle.net/20.500.12870/6652
dc.description<p>This policy brief is based on chapter 4 of the 2023 edition of ESCAP&rsquo;sEconomic and Social Survey of Asia and the Pacific.</p>
dc.description.abstract<p>This policy brief makes a case for policymakers in Asia and the Pacific and the international development community to rethink how public debt assessment should be undertaken, especially keeping in view the 2030 Agenda for Sustainable Development. It does so by outlining an &ldquo;augmented&rdquo;, long-term approach to analyse public debt sustainability. This approach duly incorporates a country&rsquo;s investment needs to achieve the Sustainable Development Goals (SDGs), governments&rsquo; structural development policies that go beyond financial investments, and national SDG financing strategies.</p> <p>By supplementing the short- to medium-term approaches currently adopted by international financial institutions and credit rating agencies, this new approach is important because, without a complementary long-term analysis, there is a risk that too much emphasis will be put on reducing near-term debt distress risk at the cost of achieving inclusive and sustainable development.</p> <p>The analysis is based on macroeconomic modelling and illustrates different trajectories of government debt level under different policy scenarios and adverse shocks. This helps policymakers make informed choices on how to strike a balance between maintaining public debt sustainability and achieving more inclusive and sustainable development in the long term. </p>
dc.format.extent19 p.
dc.format.mimetypeapplication/pdf
dc.language.isoeng
dc.publisherUN.ESCAP
dc.relation.ispartofseriesMPFD Policy Briefs
dc.rightsThis publication may be reproduced in whole or in part for educational or non-profit purposes without special permission from the copyright holder, provided that the source is acknowledged. The ESCAP Publications Office would appreciate receiving a copy of any publication that uses this publication as a source.
dc.rightsUse may not be made of this publication for resale or any other commercial purpose whatsoever without prior permission. Applications for such permission, with a statement of the purpose and extent of reproduction, should be addressed to the Secretary of the Publications Board, United Nations, New York.
dc.subjectDebt analysis
dc.subjectDebt sustainability
dc.titleAn augmented long-term approach to public debt sustainability analysis
dc.typeText
dc.rights.holderUnited Nations
dc.subject.unbistPUBLIC DEBT
dc.subject.unbistMACROECONOMICS
dc.subject.unbistRISK ASSESSMENT
escap.publisherPlaceBangkok
escap.doctypePolicy Brief
escap.programmeOfWorkMacroeconomic Policy and Financing for Development
escap.areasOfWorkEconomic Policies For Resilient, Inclusive and Sustainable Development
escap.unSDG1. No Poverty
escap.unSDG8. Decent Work and Economic Growth
escap.unSDG13. Climate Action
escap.unSDG17. Partnerships for the Goals
escap.bibLevelMonograph
escap.contactPhone+66 2 288-1234
escap.contactEmail[email protected]
escap.contactUnitMacroeconomic Policy and Financing for Development Division
escap.ispartofseriesnoMPFD Policy Briefs;No. 127
dc.date.escap2023-12-29
dc.relation.ispartofseriesnoNo. 127


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