Verfügbarkeit: Natural Gas, Public Investment and Debt Sustainability in Mozambique

Natural Gas, Public Investment and Debt Sustainability in Mozambique:

Mozambique has great potential in natural gas reserves and if liquefied/commercialized the sum of taxes and other fiscal revenue from natural gas will, at its peak, reach roughly one third of total fiscal revenue. Recent developments in the natural resource sector have triggered a fresh round of muc...

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1. Verfasser:	Melina, Giovanni (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 2013
Schriftenreihe:	IMF Working Papers Working Paper No. 13/261
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	Mozambique has great potential in natural gas reserves and if liquefied/commercialized the sum of taxes and other fiscal revenue from natural gas will, at its peak, reach roughly one third of total fiscal revenue. Recent developments in the natural resource sector have triggered a fresh round of much needed infrastructure investment. This paper uses the DIGNAR model to simulate alternative public investment scaling-up plans in alternative LNG market scenarios. Results show that while a conservative approach, which simply awaits LNG revenues, would miss significant current growth opportunities, an aggressive approach would likely meet absorptive capacity constraints and imply a much bigger (and, in an adverse scenario, unsustainable) build-up of public debt. A gradual scaling up approach represents indeed a desirable path, as it allows anticipating some, though not all, of the LNG revenue and, even in an adverse scenario, keeping public debt at sustainable levels. Structural reforms affecting selection, governance and execution of public investment projects would significantly enhance the extent to which public capital is accumulated and impact non-resource growth and, ultimately, debt sustainability
Beschreibung:	1 Online-Ressource (37 p)
ISBN:	1484326407 9781484326404

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series2	IMF Working Papers
spelling	Melina, Giovanni Verfasser aut Natural Gas, Public Investment and Debt Sustainability in Mozambique Melina, Giovanni Washington, D.C International Monetary Fund 2013 1 Online-Ressource (37 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 13/261 Mozambique has great potential in natural gas reserves and if liquefied/commercialized the sum of taxes and other fiscal revenue from natural gas will, at its peak, reach roughly one third of total fiscal revenue. Recent developments in the natural resource sector have triggered a fresh round of much needed infrastructure investment. This paper uses the DIGNAR model to simulate alternative public investment scaling-up plans in alternative LNG market scenarios. Results show that while a conservative approach, which simply awaits LNG revenues, would miss significant current growth opportunities, an aggressive approach would likely meet absorptive capacity constraints and imply a much bigger (and, in an adverse scenario, unsustainable) build-up of public debt. A gradual scaling up approach represents indeed a desirable path, as it allows anticipating some, though not all, of the LNG revenue and, even in an adverse scenario, keeping public debt at sustainable levels. Structural reforms affecting selection, governance and execution of public investment projects would significantly enhance the extent to which public capital is accumulated and impact non-resource growth and, ultimately, debt sustainability Online-Ausg Xiong, Yi Sonstige oth http://elibrary.imf.org/view/IMF001/21000-9781484326404/21000-9781484326404/21000-9781484326404.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Melina, Giovanni Natural Gas, Public Investment and Debt Sustainability in Mozambique
title	Natural Gas, Public Investment and Debt Sustainability in Mozambique
title_auth	Natural Gas, Public Investment and Debt Sustainability in Mozambique
title_exact_search	Natural Gas, Public Investment and Debt Sustainability in Mozambique
title_exact_search_txtP	Natural Gas, Public Investment and Debt Sustainability in Mozambique
title_full	Natural Gas, Public Investment and Debt Sustainability in Mozambique Melina, Giovanni
title_fullStr	Natural Gas, Public Investment and Debt Sustainability in Mozambique Melina, Giovanni
title_full_unstemmed	Natural Gas, Public Investment and Debt Sustainability in Mozambique Melina, Giovanni
title_short	Natural Gas, Public Investment and Debt Sustainability in Mozambique
title_sort	natural gas public investment and debt sustainability in mozambique
url	http://elibrary.imf.org/view/IMF001/21000-9781484326404/21000-9781484326404/21000-9781484326404.xml
work_keys_str_mv	AT melinagiovanni naturalgaspublicinvestmentanddebtsustainabilityinmozambique AT xiongyi naturalgaspublicinvestmentanddebtsustainabilityinmozambique

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