Making Fiscal Space Happen [electronic resource] : Managing Fiscal Policy in a World of Scaled-Up Aid, Debrun, Xavier.
- Washington, D.C. : International Monetary Fund, 2006.
- IMF eLibrary
IMF Working Papers; Working Paper No. 06/270.
IMF Working Papers; Working Paper No. 06/270
- Government document
1 online resource (53 p.)
- Local subjects:
- Aggregate expenditure.
Composition of expenditure.
Composition of expenditures.
Expansion of expenditure.
Fiscal affairs department.
Fiscal and Monetary Policy in Development.
Fiscal policy coordination.
Fiscal policy formulation.
Fiscal policy framework.
Fiscal policy frameworks.
Fiscal policy management.
Fiscal policy objective.
Fiscal policy objectives.
Fiscal policy response.
Fiscal policy targets.
Fiscal reporting framework.
Macroeconomic Analyses of Economic Development.
Medium term expenditure.
Medium term expenditure framework.
Medium term expenditure frameworks.
Medium-term budgetary framework.
Medium-term budgetary projections.
Medium-term expenditure framework.
Medium-term fiscal framework.
Medium-term fiscal projections.
Primary fiscal balance.
Primary fiscal deficit.
Prudent fiscal policies.
Public expenditure management.
Public financial management.
Statement of fiscal policy objectives.
- Debt relief and the scaling up of aid to low-income countries should allow for greater fiscal space for expenditure programs to create long-term growth and lower poverty rates. But designing a suitable medium-term fiscal framework that fosters a sustainable delivery of better public services and infrastructure while maintaining a credible commitment to fiscal prudence confronts many challenges. This paper discusses what low-income countries can do to shape fiscal policy frameworks that are ambitious in trying to absorb additional aid while still ensuring longer-term sustainability for government expenditure programs and finances. It suggests what approaches can be used to manage the greater fiscal policy risks associated with a scaled-up aid environment, including coordination with monetary policy. The paper also discusses what institutional changes are needed if donors and countries are to facilitate the implementation of a higher level of aid-financed spending programs.
- Description based on print version record.
- Adenauer, Isabell.
Heller, Peter S.
- Other format:
- Print Version:
- Publisher Number:
- Access Restriction:
- Restricted for use by site license.
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