``"Advanced economies eased their fiscal stance by one-fifth of 1pc of GDP in 2016, breaking a five-year trend of gradual fiscal consolidation," said the IMF in its fiscal monitor.


Although extra spending may be welcomed by those who want funds for specific projects or public services, the IMF is worried that governments are still heavily indebted and need to be careful with their budgets.

The US government, for instance, should use the current economic growth spurt as a chance to get its finances under control.


That contrasts heavily with President Donald Trump's plans to spend more on infrastructure and defence while cutting taxes, a combination that risks ramping up the budget deficit.

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