A Primer On Fiscal Analysis In Oil Producing Countries

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A Primer on Fiscal Analysis in Oil-Producing Countries

Author : Daria Zakharova
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781451872033
Total Pages : 39 pages
Book Rating : 4.8/5 (72 download)

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Book Synopsis A Primer on Fiscal Analysis in Oil-Producing Countries by : Daria Zakharova

Download or read book A Primer on Fiscal Analysis in Oil-Producing Countries written by Daria Zakharova and published by INTERNATIONAL MONETARY FUND. This book was released on 2009-03-01 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper proposes an integrated approach to fiscal policy analysis in oil producing countries (OPCs) geared towards addressing their unique and complex policy challenges. First, an accurate assessment of the fiscal stance in OPCs can be obscured by large and volatile oil revenue flows. Second, uncertain and volatile oil revenue flows can complicate the management of macroeconomic policies in these countries. Third, given the exhaustibility of oil reserves, OPCs need to address longer-term sustainability and intergenerational equity issues. The use of non-oil fiscal indicators, stress tests, medium-term frameworks, and permanent oil income models can greatly aid in addressing these challenges.

IMF Working Papers

Author : Daria Zakharova
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (842 download)

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Book Synopsis IMF Working Papers by : Daria Zakharova

Download or read book IMF Working Papers written by Daria Zakharova and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

A Primer on Fiscal Policy Analysis in Oil-producing Countries

Author : Paulo A. Medas
Publisher :
ISBN 13 :
Total Pages : 39 pages
Book Rating : 4.:/5 (969 download)

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Book Synopsis A Primer on Fiscal Policy Analysis in Oil-producing Countries by : Paulo A. Medas

Download or read book A Primer on Fiscal Policy Analysis in Oil-producing Countries written by Paulo A. Medas and published by . This book was released on 2009 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Fiscal Policy in Oil Producing Countries During the Recent Oil Price Cycle

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451962533
Total Pages : 25 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Fiscal Policy in Oil Producing Countries During the Recent Oil Price Cycle by : International Monetary Fund

Download or read book Fiscal Policy in Oil Producing Countries During the Recent Oil Price Cycle written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-02-01 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a detailed analysis of the average fiscal policy responses of oil producing countries (OPCs) to the recent oil price cycle. We find that OPCs worsened their non-oil primary balances substantially during 2003-2008 driven by an increase in primary spending. However, this trend was partially reversed when oil prices went down in 2009. We also find evidence that fiscal policy has been procyclical and has hence exacerbated the fluctuations in economic activity. In addition, we estimate that a small reduction in oil prices could lead to very large financing needs in the near future. Finally, we show that long-term fiscal sustainability positions in OPCs have worsened.

Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Author : Mr.Jeffrey M. Davis
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781589061750
Total Pages : 0 pages
Book Rating : 4.0/5 (617 download)

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Book Synopsis Fiscal Policy Formulation and Implementation in Oil-Producing Countries by : Mr.Jeffrey M. Davis

Download or read book Fiscal Policy Formulation and Implementation in Oil-Producing Countries written by Mr.Jeffrey M. Davis and published by INTERNATIONAL MONETARY FUND. This book was released on 2003-08-21 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 vulnerability to oil price and other external shocks. Fiscal policy can play a central role indetermining the extent to which a country benefits from its oil wealth. This book brings together studies that provide analysis and findings on fiscal policy issues in oil-producing countries from a diverse international perspective. A key focus for the authors is how to manage oil resources in a way that contributes to a stable macroeconomic environment, sustainable growth, and poverty reduction.

Fiscal Policy in Oil Producing Countries During the Recent Oil Price Cycle

Author : Mauricio Villafuerte
Publisher :
ISBN 13 :
Total Pages : 26 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Fiscal Policy in Oil Producing Countries During the Recent Oil Price Cycle by : Mauricio Villafuerte

Download or read book Fiscal Policy in Oil Producing Countries During the Recent Oil Price Cycle written by Mauricio Villafuerte and published by . This book was released on 2010 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Operational aspects of fiscal policy in oil-producing countries

Author : Steven Barnett
Publisher :
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Operational aspects of fiscal policy in oil-producing countries by : Steven Barnett

Download or read book Operational aspects of fiscal policy in oil-producing countries written by Steven Barnett and published by . This book was released on 2002 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Oil Revenue Assignments

Author : Ehtisham Ahmad
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 30 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Oil Revenue Assignments by : Ehtisham Ahmad

Download or read book Oil Revenue Assignments written by Ehtisham Ahmad and published by International Monetary Fund. This book was released on 2002-11 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on country experiences, the paper assesses policy options to assign oil revenues to subnational governments (SNGs). The literature recommends that oil revenues be centralized. Given political economy considerations, this paper suggests that a possible alternative is to assign stable oil-tax bases to oil-producing SNGs, supplementing these with predictable transfers from the center. Although commonly used, oil revenue-sharing arrangements are the least preferable solution, as they complicate macroeconomic management and do not provide stable financing. Revenue sharing also does not diffuse separatist tendencies, since oil-producing SNGs would still be better off by keeping their oil revenues in full.

Fiscal Policy Decisions in Oil Producing Countries

Author : Dina Azhgaliyeva
Publisher :
ISBN 13 :
Total Pages : 352 pages
Book Rating : 4.:/5 (864 download)

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Book Synopsis Fiscal Policy Decisions in Oil Producing Countries by : Dina Azhgaliyeva

Download or read book Fiscal Policy Decisions in Oil Producing Countries written by Dina Azhgaliyeva and published by . This book was released on 2013 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Role of Fiscal Institutions in Managing the Oil Revenue Boom

Author : Internationaler Währungsfonds
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (14 download)

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Book Synopsis The Role of Fiscal Institutions in Managing the Oil Revenue Boom by : Internationaler Währungsfonds

Download or read book The Role of Fiscal Institutions in Managing the Oil Revenue Boom written by Internationaler Währungsfonds and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the fiscal responses of oil-producing countries (OPCs) to the oil boom through 2005 and the role of special fiscal institutions (SFIs)-oil funds, fiscal rules and fiscal responsibility legislation (FRL), and budgetary oil prices-in fiscal management in OPCs, and draws some general lessons.

The Future of Oil and Fiscal Sustainability in the GCC Region

Author : Mr.Tokhir N Mirzoev
Publisher : International Monetary Fund
ISBN 13 : 1513525905
Total Pages : 55 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis The Future of Oil and Fiscal Sustainability in the GCC Region by : Mr.Tokhir N Mirzoev

Download or read book The Future of Oil and Fiscal Sustainability in the GCC Region written by Mr.Tokhir N Mirzoev and published by International Monetary Fund. This book was released on 2020-02-06 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: The oil market is undergoing fundamental change. New technologies are increasing the supply of oil from old and new sources, while rising concerns over the environment are seeing the world gradually moving away from oil. This spells a significant challenge for oil-exporting countries, including those of the Gulf Cooperation Council (GCC) who account for a fifth of the world’s oil production. The GCC countries have recognized the need to reduce their reliance on oil and are all implementing reforms to diversify their economies as well as fiscal and external revenues. Nevertheless, as global oil demand is expected to peak in the next two decades, the associated fiscal imperative could be both larger and more urgent than implied by the GCC countries’ existing plans.

Designing a Fiscal Framework for a Prospective Commodity Producer

Author : Mariusz Jarmuzek
Publisher : International Monetary Fund
ISBN 13 : 1484346149
Total Pages : 33 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Designing a Fiscal Framework for a Prospective Commodity Producer by : Mariusz Jarmuzek

Download or read book Designing a Fiscal Framework for a Prospective Commodity Producer written by Mariusz Jarmuzek and published by International Monetary Fund. This book was released on 2014-10-23 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lebanon is expected to have gas resources in its Mediterranean basin, and these could turn the country into a natural gas producer over the next decade. Lebanon’s economy and institutions will thus need to adapt to the challenges and opportunities that such change will bring. In this paper, we address how Lebanon’s fiscal framework will need to be reformulated to take into account potential resource revenue. Designing a fiscal regime appropriately is an absolute prerequisite to make sure the government can receive a fair share of the resources while investors face appropriate incentives to invest and develop the sector. This step should be followed by setting macro-fiscal anchors and supporting institutions. The prospective framework should initially be focused on ensuring fiscal sustainability and intergenerational equity, given the estimated relatively short horizon of Lebanon’s gas resources. Strong institutional arrangements also need to underpin the prospective framework, to ensure that the pace of resource wealth’s use is set in line with Lebanon’s capacity constraints.

Oil to Cash

Author : Todd Moss
Publisher : CGD Books
ISBN 13 : 1933286695
Total Pages : 190 pages
Book Rating : 4.9/5 (332 download)

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Book Synopsis Oil to Cash by : Todd Moss

Download or read book Oil to Cash written by Todd Moss and published by CGD Books. This book was released on 2015-06-10 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: Oil to Cash explores one option to help countries with new oil revenue avoid the so-called resource curse: just give the money directly to citizens. A universal, transparent, and regular cash transfer would not only provide a concrete benefit to regular people, but would also create powerful incentives for citizens to hold their government accountable. Oil to Cash details how and where this idea could work and how policymakers can learn from the experiences with cash transfers in places like Mexico, Mongolia, and Alaska.

The International Handbook of Public Financial Management

Author : Richard Allen
Publisher : Springer
ISBN 13 : 113731530X
Total Pages : 1125 pages
Book Rating : 4.1/5 (373 download)

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Book Synopsis The International Handbook of Public Financial Management by : Richard Allen

Download or read book The International Handbook of Public Financial Management written by Richard Allen and published by Springer. This book was released on 2013-08-15 with total page 1125 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Handbook is a virtual encyclopedia of public financial management, written by topmost experts, many with a background in the IMF and World Bank. It provides the first comprehensive guide to the subject that has been published in more than ten years. The book is aimed at a broad audience of academics/students, government officials, development agencies and practitioners. It covers both bread-and-butter topics such as the macroeconomic and legal framework for budgeting, budget preparation and execution, procurement, accounting, reporting, audit and oversight, as well as specialist subjects such as government payroll systems, local government finance, fiscal transparency, the management of fiscal risks, sovereign wealth funds, the management of state-owned enterprises, and political economy aspects of budgeting. The book sets out numerous examples and case studies describing good practice in public financial management, and is highly relevant for use in both advanced and developing countries.

Fiscal Management in Resource-Rich Countries

Author : Rolando Ossowski
Publisher : World Bank Publications
ISBN 13 : 1464804966
Total Pages : 180 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Fiscal Management in Resource-Rich Countries by : Rolando Ossowski

Download or read book Fiscal Management in Resource-Rich Countries written by Rolando Ossowski and published by World Bank Publications. This book was released on 2016-06-28 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: The extractive industries (EI) sector occupies an outsize space in the economies of many developing countries. Policy makers, economists, and public finance professionals working in such countries are frequently confronted with issues that require an in-depth understanding of the sector, its economics, governance, and policy challenges, as well as the implications of natural resource wealth for fiscal and public financial management. The objective of the two-volume Essentials for Economists, Public Finance Professionals, and Policy Makers, published in the World Bank Studies series, is to provide a concise overview of the EI-related topics these professionals are likely to encounter. This second volume, Fiscal Management in Resource-Rich Countries, addresses critical fiscal challenges typically associated with large revenue flows from the EI sector. The volume discusses fiscal policy across four related dimensions: short-run stabilization, the management of fiscal risks and vulnerabilities, the promotion of long-term sustainability, and the importance of good public financial management and public investment management systems. The volume subsequently examines several institutional mechanisms used to aid fiscal management, including medium-term expenditure frameworks, resource funds, fiscal rules, and fiscal councils. The volume also discusses the earmarking of revenue, resource revenue projections as applied to the government budget, and fiscal transparency, and outlines several fiscal indicators used to assess the fiscal stance of resource-rich countries. The authors hope that economists, public finance professionals, and policy makers working in resource-rich countries—including decision makers in ministries of finance, international organizations, and other relevant entities—will find the volume useful to their understanding and analysis of fiscal management in resource-rich countries.

Fiscal Adjustment in Sudan Size, Speed, and Composition

Author : Mr.Kenji Moriyama
Publisher : International Monetary Fund
ISBN 13 : 1451982224
Total Pages : 45 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Fiscal Adjustment in Sudan Size, Speed, and Composition by : Mr.Kenji Moriyama

Download or read book Fiscal Adjustment in Sudan Size, Speed, and Composition written by Mr.Kenji Moriyama and published by International Monetary Fund. This book was released on 2010-03-01 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper aims to identify the optimal size, speed and composition of the medium-term fiscal adjustment in the context of Sudan's limited oil reserves. The permanently sustainable non-oil primary balance approach suggests the need for significant fiscal adjustment over the medium term, requiring a widening of the tax base. Cross-country comparisons highlight VAT and personal income tax (as well as tax administration) as key areas for reform. The paper also suggests the need for complementary expenditure-side measures in the areas of petroleum pricing and anchoring fiscal policy in non-oil indicators.

Cyclical Behavior of Fiscal Policy among Sub-Saharan African Countries

Author : Mr.Tetsuya Konuki
Publisher : International Monetary Fund
ISBN 13 : 1475529775
Total Pages : 39 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Cyclical Behavior of Fiscal Policy among Sub-Saharan African Countries by : Mr.Tetsuya Konuki

Download or read book Cyclical Behavior of Fiscal Policy among Sub-Saharan African Countries written by Mr.Tetsuya Konuki and published by International Monetary Fund. This book was released on 2016-08-24 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excessively procyclical fiscal policy can be harmful. This paper investigates to what extent the fiscal policies of sub-Saharan African countries were procyclical in recent years and the reasons for the degree of fiscal procyclicality among these countries. It finds that a tendency for procyclical fiscal policy was particularly pronounced among oil exporters and after the global financial crisis. It also finds a statistically significant causal link running from deeper financial markets and higher reserves coverage to lower fiscal policy procyclicality. Fiscal rules supported by strong political commitment and institutions seem to be key to facilitating progress for deeper financial markets and stronger reserves coverage.