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Modeling Appropriate Fiscal Targets and Optimal Consolidation Paths for Resource-Rich Countries: The Case of Suriname
Author:
Mr. Daniel S Kanda
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and
Mr. Mario Mansilla
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Series:
IMF Working Papers
Volume/Issue:
Volume 2014: Issue 121
Language:
English
Publication Date:
10 Jul 2014
DOI:
https://doi.org/10.5089/9781498364614.001
ISBN:
9781498364614
ISSN:
1018-5941
Pages:
21
Keywords:
WP; discount rate; Suriname; Natural Resource Wealth; Optimal Fiscal Consolidation; Fiscal Sustainability; Fiscal Targets; sustainability gap; baseline projection; constraint method; commodity exporter; gold price; price projection; Output gap; Fiscal stance; Non-renewable resources; Natural resources; Global
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IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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This paper first attempts to quantify the natural resource wealth of Suriname from the perspective of its impact on the fiscal position, and then assesses the fiscal sustainability gap in that context. It then presents models to address the question of the optimal path of fiscal consolidation given the outlook for natural resource wealth, macroeconomic conditions, and country authority preferences.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund