Making Fiscal Space Happen [electronic resource] : Managing Fiscal Policy in a World of Scaled-Up Aid, Debrun, Xavier.

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.
Aggregate fiscal.
Annual budget.
Annual budgets.
Budget constraint.
Budget management.
Budget process.
Budget support.
Budgetary allocations.
Budgetary process.
Capital expenditure.
Capital expenditures.
Composition of expenditure.
Composition of expenditures.
Debt obligations.
Debt service.
Economic assistance.
Expansion of expenditure.
Expenditure adjustment.
Expenditure areas.
Expenditure ceilings.
Expenditure commitments.
Expenditure envelope.
Expenditure framework.
Expenditure frameworks.
Expenditure implications.
Expenditure inefficiencies.
Expenditure management.
Expenditure mix.
Expenditure needs.
Expenditure patterns.
Expenditure plans.
Expenditure priorities.
Expenditure program.
Expenditure programs.
Expenditure target.
Fiscal accounts.
Fiscal adjustment.
Fiscal adjustments.
Fiscal affairs.
Fiscal affairs department.
Fiscal agencies.
Fiscal agent.
Fiscal and Monetary Policy in Development.
Fiscal authorities.
Fiscal balance.
Fiscal balances.
Fiscal commitments.
Fiscal consolidation.
Fiscal criteria.
Fiscal data.
Fiscal debt.
Fiscal deficit.
Fiscal discipline.
Fiscal framework.
Fiscal institutions.
Fiscal management.
Fiscal objectives.
Fiscal operations.
Fiscal outcomes.
Fiscal performance.
Fiscal perspective.
Fiscal plans.
Fiscal policies.
Fiscal policy.
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 position.
Fiscal program.
Fiscal programming.
Fiscal programs.
Fiscal projections.
Fiscal prudence.
Fiscal reporting.
Fiscal reporting framework.
Fiscal revenue.
Fiscal risk.
Fiscal risks.
Fiscal rules.
Fiscal shocks.
Fiscal space.
Fiscal spending.
Fiscal stance.
Fiscal sustainability.
Fiscal targets.
Foreign debt.
General budget.
Government budget.
Government expenditure.
Government expenditures.
Government revenue.
Interest expenditure.
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.
Medium-term expenditure framework.
Medium-term fiscal framework.
Medium-term fiscal projections.
Medium-term projection.
National budget.
Primary deficit.
Primary fiscal balance.
Primary fiscal deficit.
Prudent fiscal policies.
Public debt.
Public expenditure.
Public expenditure management.
Public expenditures.
Public finance.
Public financial management.
Public spending.
Recurrent expenditure.
Social expenditure.
Social expenditures.
Statement of fiscal policy objectives.
Tax base.
Tax collection.
Tax compliance.
Tax expenditures.
Tax incentives.
Tax revenue.
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.
Debrun, Xavier.
Heller, Peter S.
Katz, Menachem.
Koranchelian, Taline.
Thomas, Theo.
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