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Experience with Large Fiscal Adjustments

Experience with Large Fiscal Adjustments »

Series: Occasional Papers

Author(s): Mark Horton , George Tsibouris , Wojciech Maliszewski , and Mark Flanagan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 June 2006

DOI: http://dx.doi.org/10.5089/9781589064584.084

ISBN: 9781589064584

Keywords: Fiscal management, expenditure, fiscal adjustment, expenditures, fiscal adjustments, fiscal policy

When policymakers have little option but to consider a sizable fiscal adjustment, they are confronted by the following questions: Can a large fiscal adjustment be implemented succesfully? How is a large adjustment...

Oman Beyond the Oil Horizon
			: Policies Toward Sustainable Growth

Oman Beyond the Oil Horizon : Policies Toward Sustainable Growth »

Series: Occasional Papers

Author(s): Volker Treichel , and Ahsan Mansur

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 November 1999

DOI: http://dx.doi.org/10.5089/9781557758330.084

ISBN: 9781557758330

Keywords: fiscal policy, expenditure, capital expenditure, fiscal adjustment, fiscal impulse

With the steady increase of crude oil production and the surge in oil prices in the mid- and late 1970s, Oman embarked upon an economic development path that transformed it into a prosperous country. Today Oman boa...

Managing the Oil Revenue Boom
			: The Role of Fiscal Institutions

Managing the Oil Revenue Boom : The Role of Fiscal Institutions »

Series: Occasional Papers

Author(s): Mauricio Villafuerte , Rolando Ossowski , Theo Thomas , and Paulo Medas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 April 2008

DOI: http://dx.doi.org/10.5089/9781589067189.084

ISBN: 9781589067189

Keywords: Financial institutions, Oil revenues, oil-producing countries, fiscal policy, oil prices, fiscal rules

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 gover...

The Macroeconomics of the Arab States of the Gulf

The Macroeconomics of the Arab States of the Gulf »

Series: Books

Author(s): Raphael Espinoza , Ghada Fayad , and Ananthakrishnan Prasad

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 November 2013

DOI: http://dx.doi.org/10.5089/9780199683796.071

ISBN: 9780199683796

Keywords: oil, monetary policy, fiscal policy, expenditure, oil prices

The economies of the Arab states of the Gulf have gone through considerable changes in the last decade, spurred by high oil prices and ambitious diversification plans. Large-scale immigration provided the labor for...

Helping Countries Develop
			: The Role of Fiscal Policy

Helping Countries Develop : The Role of Fiscal Policy »

Series: Books

Author(s): Benedict Clements , Sanjeev Gupta , and Gabriela Inchauste

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 September 2004

DOI: http://dx.doi.org/10.5089/9781589063181.071

ISBN: 9781589063181

Keywords: food aid, expenditure, fiscal policy, public spending, per

Fiscal policy can foster growth and human development through a number of different channels. These include the macroeconomic (for example, through the influence of the budget deficit on growth) as well as the micr...

Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Fiscal Policy Formulation and Implementation in Oil-Producing Countries »

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

DOI: http://dx.doi.org/10.5089/9781589061750.071

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

Countries with large oil resources can benefit substantially from them. However, despite their huge natural resources, many oil producers have had disappointing growth, widespread poverty, and continuing vulnerabil...

Public Expenditure Handbook
			: A Guide to Public Policy Issues in Developing Countries

Public Expenditure Handbook : A Guide to Public Policy Issues in Developing Countries »

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 September 1991

DOI: http://dx.doi.org/10.5089/9781557752222.071

ISBN: 9781557752222

Keywords: expenditure, public expenditure, military, health care, fiscal policy

This handbook, edited by Ke-young Chu and Richard Hemming, offers guidance to officials formulating public policy recommendations, so that the aggregate level of public spending conforms with the economy's overall...

Rebuilding Fiscal Institutions in Postconflict Countries

Rebuilding Fiscal Institutions in Postconflict Countries »

Series: Occasional Papers

Author(s): Rina Bhattacharya , Benedict Clements , Sanjeev Gupta , Shamsuddin Tareq , Alex Segura-Ubiergo , and Todd Mattina

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 December 2005

DOI: http://dx.doi.org/10.5089/9781589064492.084

ISBN: 9781589064492

Keywords: Post-conflict emergency assistance, public expenditure, expenditure, expenditure management, public expenditure management, fiscal institutions

This paper discusses experiences in reestablishing fiscal management in postconflict countries. Building fiscal institutions in postconflict countries essentially entails a three-step process: (1) creating a legal...

Managing Oil Wealth
			: The Case of Azerbaijan

Managing Oil Wealth : The Case of Azerbaijan »

Series: IMF Special Issues

Author(s): Niko Hobdari , Chonira Aturupane , Eric Le Borgne , Koba Gvenetadze , John Wakeman-Linn , and Stephan Danninger

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2004

Language: Russian

DOI: http://dx.doi.org/10.5089/9781589063570.058

ISBN: 9781589063570

Keywords: Oil revenues, expenditure, expenditures, oil and gas, natural resource, oil sector, fiscal policy, oil revenues, oil prices, natural resources

Oil and gas production in Azerbaijan were projected to increase sharply in 2005 and 2006, respectively, reaching peaks of 1.3 million barrels a day in 2009 and 20 billion cubic meters a year in 2010. Although expec...

Republic of Azerbaijan

Republic of Azerbaijan »

Source: Republic of Azerbaijan : Selected Issues

Volume/Issue: 2013/165

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 June 2013

ISBN: 9781484338124

Keywords: fiscal sustainability, fiscal rules, fiscal framework, fiscal policy decisions

The first paper is on the oil boom in Azerbaijan, which presents a unique opportunity to speed up the development agenda, but at the same time poses challenges to the management of macroeconomic policy. A new fisca...