Thread by @IsabelOrtizUN

Below a summary of "End Austerity: A Global Report on Budget Cuts and Harmful Social Reforms in 2022-25" co-published by @Policy_Dialogue @eurodad @FinTrCo @ActionAid @ituc @awcmena @latindadd @3rdworldnetwork @brettonwoodspr @PSIglobalunion

Download:
bit.ly/3V7H1oa

Analysis of IMF expenditure projections shows that #austerity is expected to impact 143 countries in 2023 in terms of GDP or 85% of the world population, and the trend continues at least until 2025. In red, countries affected by austerity 2022-24 - the whole world is on fire.

Which #austerity measures are being implemented? We reviewed the latest 267 IMF country reports to identify the main austerity measures being considered by Ministries of Finance and the IMF in each country, this is the summary of measures with negative social impacts

#Austerity cuts are not inevitable, there are alternatives. There is no need for populations to endure so much hardship: instead of cutting public expenditures, governments can increase revenues to finance a #peoplesrecovery. There are at least 9 financing alternatives

There are at least nine financing alternatives to #EndAusterity , available even in the poorest countries. These nine fiscal space or financing options are supported by policy statements of the UN and the IFIs, and have been implemented by governments around the world for years

There is a global campaign to #EndAusterity. Fiscal decisions on expenditure cuts affect the lives of millions of people and cannot be taken behind closed doors by a few technocrats at finance ministries, with the support of the IFIs. Join:

endausterity.org