(251015) -- WASHINGTON, Oct. 15, 2025 (Xinhua) -- Vitor Gaspar, outgoing director of the IMF's fiscal affairs department, speaks at a press briefing on Fiscal Monitor in Washington, D.C., the United States, Oct. 15, 2025. The fiscal chief of the International Monetary Fund (IMF) said it is more important for governments to "deliver value for money" than simply to spend more, noting that spending efficiency is an "extremely important element" in public finances.
"The benefits, the growth dividends are particularly strong when spending is efficient, when spending efficiency improves," Vitor Gaspar told Xinhua in a recent interview. (Xinhua/Li Rui)
