Trinidad and Tabago: the energy boom and proposals for a sustainable fiscal policy
Trinidad and Tobago is experiencing an energy boom stronger than the ones in 1970s and 1980s. The main fiscal policy challenge is to ensure that the increased revenues from the ultimately exhaustible resources are used in a way that protects the competitiveness of the nonenergy sector, builds assets...
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| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
[Washington, DC]
Internat. Monetary Fund
2005
|
| Series: | IMF working paper
2005,197 |
| Subjects: | |
| Summary: | Trinidad and Tobago is experiencing an energy boom stronger than the ones in 1970s and 1980s. The main fiscal policy challenge is to ensure that the increased revenues from the ultimately exhaustible resources are used in a way that protects the competitiveness of the nonenergy sector, builds assets to ensure intergenerational equity, and provides a cushion for stabilization. This paper derives estimates of a sustainable level of primary fiscal balance using Friedman's permanent income hypothesis. These estimates can be used as a guide for the formulation of medium- and long-term fiscal policy frameworks. |
| Physical Description: | 23 S. graph. Darst. |
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| index_date | 2024-07-02T13:45:09Z |
| indexdate | 2024-07-09T20:34:24Z |
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| language | English |
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| spelling | Velculescu, Delia Verfasser aut Trinidad and Tabago the energy boom and proposals for a sustainable fiscal policy Delia Velculescu and Saqib Rizavi [Washington, DC] Internat. Monetary Fund 2005 23 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier IMF working paper 2005,197 Trinidad and Tobago is experiencing an energy boom stronger than the ones in 1970s and 1980s. The main fiscal policy challenge is to ensure that the increased revenues from the ultimately exhaustible resources are used in a way that protects the competitiveness of the nonenergy sector, builds assets to ensure intergenerational equity, and provides a cushion for stabilization. This paper derives estimates of a sustainable level of primary fiscal balance using Friedman's permanent income hypothesis. These estimates can be used as a guide for the formulation of medium- and long-term fiscal policy frameworks. Fiscal policy Trinidad and Tobago Petroleum industry and trade Economic aspects Trinidad and Tobago Rizavi, Saqib Verfasser aut IMF working paper 2005,197 (DE-604)BV009882921 2005,197 |
| spellingShingle | Velculescu, Delia Rizavi, Saqib Trinidad and Tabago the energy boom and proposals for a sustainable fiscal policy IMF working paper Fiscal policy Trinidad and Tobago Petroleum industry and trade Economic aspects Trinidad and Tobago |
| title | Trinidad and Tabago the energy boom and proposals for a sustainable fiscal policy |
| title_auth | Trinidad and Tabago the energy boom and proposals for a sustainable fiscal policy |
| title_exact_search | Trinidad and Tabago the energy boom and proposals for a sustainable fiscal policy |
| title_exact_search_txtP | Trinidad and Tabago the energy boom and proposals for a sustainable fiscal policy |
| title_full | Trinidad and Tabago the energy boom and proposals for a sustainable fiscal policy Delia Velculescu and Saqib Rizavi |
| title_fullStr | Trinidad and Tabago the energy boom and proposals for a sustainable fiscal policy Delia Velculescu and Saqib Rizavi |
| title_full_unstemmed | Trinidad and Tabago the energy boom and proposals for a sustainable fiscal policy Delia Velculescu and Saqib Rizavi |
| title_short | Trinidad and Tabago |
| title_sort | trinidad and tabago the energy boom and proposals for a sustainable fiscal policy |
| title_sub | the energy boom and proposals for a sustainable fiscal policy |
| topic | Fiscal policy Trinidad and Tobago Petroleum industry and trade Economic aspects Trinidad and Tobago |
| topic_facet | Fiscal policy Trinidad and Tobago Petroleum industry and trade Economic aspects Trinidad and Tobago |
| volume_link | (DE-604)BV009882921 |
| work_keys_str_mv | AT velculescudelia trinidadandtabagotheenergyboomandproposalsforasustainablefiscalpolicy AT rizavisaqib trinidadandtabagotheenergyboomandproposalsforasustainablefiscalpolicy |