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Governments face a $30 trillion fiscal gap by 2023

Governments most likely will finance 80 to 90 percent of the estimated $30 trillion fiscal gap through conventional debt, but a thoughtful approach to balance-sheet funding, revenue-stream optimization, and the containment of spending could give them medium- to long-term support in funding the additional debt burden accumulated during the COVID-19 crisis.

Ramp up debt and nondebt levers to bridge the fiscal gap.
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To read the article, see “Closing the $30 trillion gap: Acting now to manage fiscal deficits during and beyond the COVID-19 crisis,” July 16, 2020.