A Guide and Tool for Projecting Public Gross Financing Needs

Santiago Acosta Ormaechea, Leonardo Martinez and Jorge Restrepo

No 2025/001, IMF Technical Notes and Manuals from International Monetary Fund

Abstract: This guide presents the analytical underpinnings and a manual for the Public Debt Dynamics Tool with Gross Financing Needs (DDT_GFN), an extension of the Public Debt Dynamics Tool (DDT). The DDT projects public debt as percent of GDP under a baseline and alternative scenarios. The DDT_GFN presents debt-to-GDP projections and the corresponding public gross financing needs (GFN)-to-GDP projections for all DDT scenarios, including fan charts for both public debt and GFN. The DDT_GFN also computes fiscal adjustment paths for a user defined GFN target and adjustment period. Twelve often publicly available macrofiscal variables are needed to perform a rich analysis of public debt and GFN dynamics. The DDT_GFN was developed by the IMF Institute for Capacity Development to be used for its capacity development work on macroeconomic frameworks for forecasting and policy analysis.

Keywords: Public gross financing needs; public debt dynamics; local- and foreign-currency debt; fiscal adjustment paths; Public Debt Dynamics Tool; DDT; DDT_GFN; dynamics tool; data input; public debt projection; adjustment scenario; data IMF Library; Fiscal stance; Foreign currency debt; Local currency debt; Fiscal consolidation (search for similar items in EconPapers)
Pages: 37
Date: 2025-01-24
New Economics Papers: this item is included in nep-mac
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