Sovereign borrowing outlook for OECD countries

This chapter provides an overview of, and outlook for, sovereign borrowing, deficits and debt in the OECD area for the period 2007-2017. It examines net and gross borrowing needs of OECD governments in the context of fiscal policy challenges and developments. Fiscal policies are shaped by two imperatives: the need to reinvigorate economic growth, including through debt-financed public investment over the short to medium term and continued pursuit of measured fiscal consolidation over the medium- to long-term. Debt management offices react to these challenges by making redemption profiles somewhat lighter over the short-term.