Cover Managing the Oil Revenue Boom
Managing the Oil Revenue Boom
The Role of Fiscal Institutions
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Abstract

Oil-producing countries have benefited from rising oil prices in recent years. The increase in oil exports and oil revenues has had major implications for these countries. These developments have revealed how governments manage their fiscal policies in light of changing oil-market conditions and the role of special fiscal institutions (SFIs). In this Occasional Paper, IMF experts examine the fiscal response of oil-producing countries to the recent oil boom and the role of SFIs in fiscal management, they review the experiences of selected countries, and they draw general lessons. In doing so, they link findings on best practice in the design of SFIs with broader fiscal management advice.

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Author:
Mr. Mauricio Villafuerte
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,
Mr. Rolando Ossowski
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,
Mr. Theo Thomas
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, and
Mr. Paulo A Medas
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Series:
Occasional Papers
Publisher:
International Monetary Fund
Language:
English
Publication Date:
30 Apr 2008
DOI:
https://doi.org/10.5089/9781589067189.084
ISBN:
9781589067189
ISSN:
0251-6365
Pages:
46
Keywords:
OP; oil-producing country; country; SFIs; fund; oil market condition; oil fund; SFIs dummy; oil export revenue; price forecast; Oil; gas and mining taxes; Oil prices; Budget planning and preparation; Western Hemisphere; Sub-Saharan Africa; Global
Legal-disclaimer:
The views expressed in this book are those of the authors and should not be reported as or attributed to the International Monetary Fund, its Executive Board, or the governments of any of its member countries.
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