Tokyo Fiscal Forum 2016 | Asian Development Bank

At the forefront of growth and development in Asia and the Pacific

Tokyo Fiscal Forum 2016

Event | 6 - 7 June 2016 Mita Conference Hall, Tokyo, Japan

Purpose

Provide policy makers in Asia an opportunity to discuss policy challenges and share broad perspectives with leading experts from international organizations and universities.

Background

Asian economies must increasingly tackle fiscal balance issues. Many experience rising public debt–GDP ratios due to fiscal measures taken to counteract the 2008 global financial crisis. Massive stockpiling of debt, particularly in developed countries, has impacted financial markets, resulting in increasingly volatile global capital markets as states suffering prolonged stagnation, high inflation, and partial default adopt austerity measures to return to more manageable debt levels. Developed economies face the challenge of aging populations and an increasing demand for social services. These demands will outstrip the government’s ability to fund services. Several developing countries now face the same problem.

Developing Asia faces significant challenges in employing fiscal policy to promote inclusive growth. Asia’s rapid economic growth, fueled by globalization, technological progress, and market reform, has widened the gap between rich and poor. Government expenditures to promote inclusive growth will increase further. Historically, the role of fiscal policy in Asia has been to facilitate economic growth by providing basic infrastructure. As a result, Asia possesses limited experience in using fiscal policy to promote equity, and evidence suggests that Asia falls short relative to advanced economies in government expenditure for education, health care, and social protection. Asia needs to learn to utilize fiscal policy to promote inclusive growth without compromising economic growth and fiscal sustainability.

Objectives

The workshop will bring together experts and government officials to discuss fiscal policy challenges to sustainable social spending and economic growth in Asia.

Participants

About 100 senior officials from fiscal policy agencies and experts from international organizations, think tanks, and academic scholars.

Participant responsibilities

Attend and actively participate in all sessions.

Output

  • Discuss fiscal policy challenges to sustainable social spending and economic growth in Asia
  • Provide a forum for government officials and policy makers to share their thoughts about fiscal policy challenges in their countries and suggest policy recommendations
  • Allow experts and researchers to share their latest research
  • Promote closer cooperation among key stakeholders involved in fiscal policy, both locally and internationally
  • Develop presentation materials to be uploaded to the ADBI website

How to register

By invitation only.

Language

English

Partners

Policy Research Institute, Ministry of Finance Japan Fiscal Affairs Department, and International Monetary Fund

Time of event

9:00 - 18:00