Global debt levels face 'Great Election Year' risk

By Agence France-Presse

Apr 19, 2024 12:32 am

WASHINGTON, D.C.: The path toward sustainable government debt levels around the world is under threat this year from the sheer number of elections taking place, the International Monetary Fund (IMF) said Wednesday in a new report.

'History suggests, and empirical evidence confirms, that governments tend to spend more and or tax less in election year,' Vitor Gaspar, the head of the IMF's Fiscal Affairs told Agence France-Presse (AFP), ahead of the publication of the Fiscal Monitor report.

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