McKinsey on Government, Number 8

McKinsey on Government, Number 8

This compendium focuses on meeting the challenge of attaining fiscal resilience as we continue to grapple with the realities and consequences of the global pandemic. The five articles here provide practical insights on and solutions to managing fiscal deficits and supporting economic recovery, from broadening governments’ portfolios of financing interventions to repositioning tax authorities for the future.

Articles in this issue

Article

The great balancing act: Managing the coming $30 trillion deficit while restoring economic growth

– As they continue to grapple with a global pandemic, governments will need to manage deficits and debt-payment plans while finding the best ways to support economic recovery.
Article

Closing the $30 trillion gap: Acting now to manage fiscal deficits during and beyond the COVID-19 crisis

– Countries can not only take immediate steps to create a credible debt story for funding the deficit but also consider a portfolio of interventions to ensure their longer-term financial sustainability.
Article

Using public real estate to fuel a postpandemic recovery

– As deficits mount, governments can use their real estate holdings to create breathing room.
Article

Reimagining tax authorities for the future

– The COVID-19 crisis is creating new challenges for tax authorities—but this moment isn’t only about responding to the impact of a global pandemic. Tax authorities can reimagine themselves to be better prepared for the future.
Article

Rethinking resilience: Ten priorities for governments

– Due to the pandemic, governments are under increased pressure to act quickly and at scale. By reimagining how they work, they can create resilient societies and public services for the next normal.