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Business and Economics > Budgeting

You are looking at 1 - 5 of 5 items for :

  • Type: Journal Issue x
  • Wages, Compensation, and Labor Costs: Public Policy x
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Cover IMF Staff Country Reports
Ukraine: Technical Assistance Report-Self-Funding of the National Securities and Stock Market Commission
International Monetary Fund. Monetary and Capital Markets Department
This paper discusses the self-funding model of the National Securities and Stock Market Commission (NSSMC) in Ukraine. There are a number of challenges with NSSMC’s funding and the constraints placed on it through the Ukrainian government budget process. The analysis conducted by the NSSMC and reviewed by the mission confirms the general benefits of moving to a self-funding model for the NSSMC. The legislative measures should be complemented by improvements in the NSSMC systems and processes. Self-funding of securities and other financial services regulators is increasingly becoming the international norm. The trend to self-funding is even more pronounced within Europe.
Keywords:
ISCR; CR; fee revenue; supervision fee; market participant; fee payer; fee regime; NSSMC estimate; Budget planning and preparation; Securities markets; Securities; Personal income; Minimum wages; Europe
Cover IMF Staff Country Reports
Republic of Kosovo: Fourth Review Under the Stand-By Arrangement
International Monetary Fund. European Dept.
This staff report on the Republic of Kosovo’s Fourth Review under the Stand-By Arrangement discusses macroeconomic and financial policies. Banking-sector soundness indicators have remained largely unchanged. The revenue shortfall owed to a mix of lower than programmed customs receipts, and delays in receiving transfers from the sales of telecommunication licenses, and lignite royalties. The shortfall was only partially compensated by higher domestic tax collection, and the earlier than expected receipt in dividends from Post and Telecom of Kosovo. Passage of the rules-based fiscal framework would be a key step toward ensuring fiscal sustainability in the longer term.
Keywords:
ISCR; CR; government; Kosovar authorities; banking authority; government bank balance; Kosovo's economy; executive board's discussion; Minimum wages; Budget planning and preparation; Fiscal stance; Global
Cover IMF Staff Country Reports
People’s Republic of China: Hong Kong Special Administrative Region: 2008 Article IV Consultation Discussions: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion
International Monetary Fund
This paper examines the People’s Republic of China’s Hong Kong Special Administrative Region’s 2008 Article IV Consultation. Growth has slowed in the first half of the year, as external conditions have worsened. Inflation remains elevated, driven by food prices and housing costs. The fallout from the global credit turmoil has spilled into local markets, with equity prices falling markedly and signs of stress in interbank markets. The authorities have responded with a range of measures to provide liquidity, stimulate domestic demand, and bolster confidence.
Keywords:
ISCR; CR; discussion; headline consumer price inflation; staff appraisal; consumer price; sale of HK; interbank lending; minimum wage; Minimum wages; Income; Budget planning and preparation; Fiscal stimulus; Inflation; Global
Cover IMF Staff Country Reports
France: 2006 Article IV Consultation—Staff Report, Staff Supplement; and Public Information Notice on the Executive Board Discussion
International Monetary Fund
France’s economic short-term outlook is positive, and long-term prospects have improved. Fiscal adjustment remains high on the government’s agenda. Tax reforms have improved the economy’s growth potential. Reforms in financial, labor, and product markets are necessary to boost job creation, prepare the economy for aging, and allow it to benefit from global activity. The financial sector’s profitability and capitalization put it in a good position to manage increasing risks. Structural reforms in labor and product markets remain essential to boost long-term growth and secure fiscal sustainability.
Keywords:
ISCR; CR; headline inflation; deficit; director; government; firm; potential GDP; deficit outcome; product market; IMF staff estimate; spending growth; Labor markets; Employment; Minimum wages; Global; Europe
Cover IMF Staff Country Reports
France: Selected Issues
International Monetary Fund
This Selected Issues paper addresses the question of what policy changes in France are needed under European Monetary Union (EMU), as regards the role of fiscal policy in stabilizing the economy. The fiscal strategy over the past two and a half decades is reviewed, and, against this background, an assessment is offered concerning the role and scope of fiscal stabilizers in France under EMU. The main conclusions is that over the past two and a half decades, fiscal policy operated in a clear countercyclical way in France, but this reflected essentially the functioning of automatic stabilizers.
Keywords:
ISCR; CR; week; government; deficit; week initiative; deficit limit; government deficit; employment effect; real GDP; Employment; Minimum wages; Wages; Unemployment; Europe