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Business and Economics > Budgeting

You are looking at 1 - 10 of 12 items for :

  • Type: Journal Issue x
  • Belarus, Republic of x
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Cover IMF Staff Country Reports
Republic of Moldova: Ad Hoc Review Under the Extended Credit Facility; Request for Augmentation and Rephasing of Access, Modification of Performance Criteria, and Completion of the Inflation Consultation Under the Extended Credit Facility and Extended Fund Facility Arrangements-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Moldova
International Monetary Fund. European Dept.
The economy rebounded strongly from the pandemic recession last year while prudent macroeconomic management maintained robust buffers. But the war in Ukraine and the international sanctions imposed on Russia and Belarus have resulted in significant spillovers to Moldova, with implications yet to fully play out. At the outbreak of hostilities, FX market pressures triggered significant foreign currency interventions and bank deposit withdrawals, while dollarization has intensified. Moldova has received the highest per capita inflow of Ukrainian refugees (17 percent of the total population), of which about 100,000 refugees (4 percent of the total population) remain in Moldova. Driven by rising food and energy prices, inflation accelerated further above the target band.
Keywords:
authorities in Moldova; inflation consultation; General government budget; authorities' effort; balance-of-payment financing requirement; reform commitment; Energy prices; Inflation; Debt sustainability analysis; Global; Europe; Eastern Europe
Cover IMF Staff Country Reports
Republic of Belarus: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Republic of Belarus
International Monetary Fund. European Dept.
The Belarusian economy is in a cyclical recovery, inflation is at historically low levels and the exchange rate has been broadly stable. Although macroeconomic policy frameworks have improved, there is a need to reduce deep seated vulnerabilities such as rapidly rising public debt, high dollarization, and limited trade and financing diversification. In addition, reforms of the large state-owned enterprise sector are critical to tackle inefficiencies and increase potential growth. Risks ahead are elevated; notably, Belarus could lose significant oil-related discounts and transfers due to internal tax changes in Russia, but the authorities are confident of a successful outcome to the ongoing negotiations.
Keywords:
ISCR; CR; government; deficit; GDP; Belarusian authorities; action program; private sector; liberalization effort; regulation regime; net credit; Credit; Budget planning and preparation; Government finance statistics; Europe; Global; Eastern Europe; Western Europe
Cover IMF Staff Country Reports
Republic of Belarus: Technical Assistance Report-Work of Mission on Development of Potential in Area of Government Finance Statistics
International Monetary Fund. Statistics Dept.
In coordination with the Republic of Belarus (RB) Ministry of Finance (MF), the latest regular International Monetary Fund (IMF) Statistics Department (STA) mission for providing technical assistance (TA) in the area of government finance statistics (GFS) worked in Minsk November 13–14. That mission’s chief objective was to inventory progress in the area of government finance statistics in the Republic of Belarus since the previous mission and to assist the MF in improving the quality of statistical data. Government finance statistics provide a comprehensive conceptual and accounting basis suitable for the analysis and assessment of fiscal policy, especially the performance of any country’s general government sector (GGS). One of the biggest pluses of implementing GFS methodology in budgeting is achieving coordination among budgeting, financial reporting and statistics. The use of the same terminology by those engaged in budgeting, reporting and statistics guarantees a common understanding among all interested parties. The comparability of numbers, tables and accounts is substantially enhanced, and productivity and the timeliness of data access are thereby increased.
Keywords:
ISCR; CR; enterprise; accounts payable; debt forgiveness; national budget
Cover IMF Staff Country Reports
Republic of Belarus: Technical Assistance Report-Work of Mission on Development of Potential in Area of Government Finance Statistics
International Monetary Fund. Statistics Dept.
In consultation with the Republic of Belarus Ministry of Finance (MoF), a government finance statistics (GFS) technical assistance (TA) mission from the IMF’s Statistics Department (STA) visited Minsk from November 13 through 24, 2017. The main objective of the mission was to take stock of the progress in government finance statistics in the Republic of Belarus and to provide assistance to the MoF in improving the quality of statistical data. Government finance statistics provide a comprehensive conceptual and accounting framework suitable for the analysis and evaluation of fiscal policy, and in particular the performance of the general government sector of any country. One of the biggest advantages of the introduction of GFS methodology into budgeting is the achievement of consistency in budgeting, financial reporting, and statistics. Use of the same terminology by those engaged in budgeting, reporting, and statistics should ensure common understanding among all of the stakeholders. The comparability of numbers, tables, and accounts is significantly enhanced, which means an improvement in productivity and in the timely availability of data.
Keywords:
ISCR; CR; enterprise; accounts payable; debt forgiveness; national budget; budget loan; net incurrence; acquisition of financial assets; RB budget system; capital transfer; incurrence of liability; Republic of Belarus GFS; Public sector; Government finance statistics; Loans; Budget planning and preparation; Securities
Cover IMF Staff Country Reports
Republic of Belarus: 2009 Article IV Consultation and Second Review Under the Stand-By Arrangement-Staff Report Informational Annex; Staff Statement; Public Information Notice on the Executive Board Discussion; and Press Release
International Monetary Fund
This 2009 Article IV Consultation highlights that Belarus has so far escaped a significant fall in output, despite a sharp fall in external demand. GDP declined 0.5 percent year over year in the first eight months of 2009, comparing favorably to Belarus’ main trading partners. Economic activity has been bolstered by strong domestic demand, especially for housing construction financed under government programs. Executive Directors have applauded the authorities’ commitment to a tight fiscal policy, with revenue shortfalls being offset by spending restraint while protecting priority social spending.
Keywords:
ISCR; CR; September; reform effort; policy; draft decree; anti-crisis fund; end-December NIR; policy development loan; government program; privatization agency; Exchange rates; Credit; Currencies; Current account deficits; Government debt management; Global
Cover Summary Proceedings of the Sixty-First Annual Meeting of the Board of Governors, 2007
Summary Proceedings of the Sixty-First Annual Meeting of the Board of Governors, 2007
International Monetary Fund

Abstract

The speeches made by officials attending the IMF–World Bank Annual Meetings are published in this volume, along with the press communiqués issued by the International Monetary and Financial Committee and the Development Committee at the conclusion of the meetings.

Keywords:
AS; Rodrigo de Rato; y Figaredo; country; economy; la Barra Munoz; executive directors; IMF surveillance; board of governors of the International Monetary Fund; subscription of the Republic of Montenegro; public goods; Climate change; Poverty reduction; Poverty reduction and development; Income; Global; Africa; Caribbean; Sub-Saharan Africa; West Africa
Cover Summary Proceedings of the Sixtieth Annual Meeting of the Board of Governors, 2006
Summary Proceedings of the Sixtieth Annual Meeting of the Board of Governors, 2006
International Monetary Fund

Abstract

The speeches made by officials attending the IMF–World Bank Annual Meetings are published in this volume, along with the press communiqués issued by the International Monetary and Financial Committee and the Development Committee at the conclusion of the meetings.

Keywords:
AS; country; IMF quota; prefix; governance; lumen Isleta; medium term strategy; international community; IMF's effectiveness; Global; Africa; West Africa; Caribbean; East Asia; Poverty reduction; Poverty reduction and development; Poverty reduction strategy; Oil prices; Asia and Pacific
Cover IMF Staff Country Reports
Republic Of Belarus: Staff Report for the 2005 Article IV Consultation
International Monetary Fund
This 2005 Article IV Consultation reports that Belarus experienced strong economic growth in 2004, supported by policies aimed at raising incomes and credit, and a favorable external environment. Inflation was halved during 2004, and slowed down further to 11 percent in April 2005, aided by a balanced budget, exchange rate stability, and continued remonetization. Although the economy’s current momentum is likely to result in significant growth in 2005, its long-term prospects are uncertain in the absence of wide-ranging structural reforms and a phasing out of massive quasi-fiscal activities.
Keywords:
ISCR; CR; state; Belarus economy; Belarusian authorities; authority; fund advice; banking system; fund mission; growth forecast; Monetary base; Currencies; Europe; Western Europe
Cover IMF Staff Country Reports
Republic of Belarus: Selected Issues
International Monetary Fund
This Selected Issues paper highlights the growth process in Belarus, seeking to identify its main sources and assess its sustainability. It complements the IMF staff report, which placed considerable emphasis on macroeconomic policies. It provides an overview of additional important factors underlying Belarus’s recent economic performance. It presents some further insights on the likely future path of main macroeconomic variables. The analysis suggests that, although several aspects of Belarus’s macroeconomic performance have been unusual, it is clear that domestic policies and favorable exogenous factors have combined to boost growth in recent years.
Keywords:
ISCR; CR; enterprise; Belarus; potential GDP; output gap; GDP growth; nominal GDP; growth strategy; exports share; budget deficit; central bank; enterprise sector; data ROSC; growth performance; fiscal policy; market power; Budget planning and preparation; Quasi-fiscal operations; Commercial banks; Contingent liabilities; Central and Eastern Europe
Cover IMF Staff Country Reports
Republic of Belarus: Report on the Observance of Standards and Codes (ROSC)—Data Module
International Monetary Fund
This Report on the Observance of Standards and Codes (ROSC) data module provides an assessment of the Republic of Belarus’s macroeconomic statistics against the recommendations of the Special Data Dissemination Standard (SDDS) complemented by an assessment of data quality based on the IMF’s Data Quality Assessment Framework. The assessment reveals that the quality of the Belarus macroeconomic statistics has improved significantly in many areas in the last few years. The authorities have also established a relatively good track record of implementing recommendations of past technical assistance in statistics.
Keywords:
ISCR; CR; information; GFS data; CPI data; NBRB plan; compilation practice; balance of payments; hard copy; PPI data; Balance of payments statistics; Government finance statistics; Monetary statistics; Eastern Europe