G-20 Nations Vow Flexibility on Debt as Strategies Are Submitted

Group of 20 countries pledged to be flexible in reining in deficits to protect growth as they craft fiscal plans before a leaders’ summit in St. Petersburg.

Officials meeting in Moscow this week pledged to implement fiscal strategies that will be flexible “to support economic growth and job creation,” according a statement issued after the two-day summit. Leaders will decide at the September summit in Russia’s second-biggest city whether those strategies, which have already been submitted, will be binding, an official from a G-20 country said on condition of not being identified because the talks weren’t public.