Public Debt and Fiscal Vulnerability in the Middle East:
Public debt in the Middle East increased during the mid-1990s mainly because of fiscal expansions. It decreased in recent years, thanks to high oil revenue, economic growth, some primary non-oil fiscal adjustment, and debt relief. While countries in the Middle East appear to have adequately reacted...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2007
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 07/12 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | Public debt in the Middle East increased during the mid-1990s mainly because of fiscal expansions. It decreased in recent years, thanks to high oil revenue, economic growth, some primary non-oil fiscal adjustment, and debt relief. While countries in the Middle East appear to have adequately reacted to high indebtedness in the past, public debt levels remain uncomfortably high in many, particularly non-oil producing countries and middle income oil producers. Non-oil countries adjust mainly by increasing revenues, whereas oil countries adjust expenditure. For non-oil producing countries, substantial fiscal adjustment would be needed to bring debt down to below 50 percent of GDP. Oil producers as a group appear to follow sustainable, though procyclical, fiscal policies. Middle-income (but not high-income) oil producing countries would need to adjust somewhat to bring their policies in line with the permanent oil income benchmark |
| Beschreibung: | 1 Online-Ressource (36 p) |
| ISBN: | 1451865767 9781451865769 |
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| id | DE-604.BV048347363 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:23Z |
| indexdate | 2024-07-10T09:35:31Z |
| institution | BVB |
| isbn | 1451865767 9781451865769 |
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| series2 | IMF Working Papers |
| spelling | Söderling, Ludvig Verfasser aut Public Debt and Fiscal Vulnerability in the Middle East Söderling, Ludvig Washington, D.C International Monetary Fund 2007 1 Online-Ressource (36 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 07/12 Public debt in the Middle East increased during the mid-1990s mainly because of fiscal expansions. It decreased in recent years, thanks to high oil revenue, economic growth, some primary non-oil fiscal adjustment, and debt relief. While countries in the Middle East appear to have adequately reacted to high indebtedness in the past, public debt levels remain uncomfortably high in many, particularly non-oil producing countries and middle income oil producers. Non-oil countries adjust mainly by increasing revenues, whereas oil countries adjust expenditure. For non-oil producing countries, substantial fiscal adjustment would be needed to bring debt down to below 50 percent of GDP. Oil producers as a group appear to follow sustainable, though procyclical, fiscal policies. Middle-income (but not high-income) oil producing countries would need to adjust somewhat to bring their policies in line with the permanent oil income benchmark Online-Ausg Fouad, Manal Sonstige oth Hommes, Martin Sonstige oth Maliszewski, Wojciech Sonstige oth Morsy, Hanan Sonstige oth Petri, Martin Sonstige oth http://elibrary.imf.org/view/IMF001/05477-9781451865769/05477-9781451865769/05477-9781451865769.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Söderling, Ludvig Public Debt and Fiscal Vulnerability in the Middle East |
| title | Public Debt and Fiscal Vulnerability in the Middle East |
| title_auth | Public Debt and Fiscal Vulnerability in the Middle East |
| title_exact_search | Public Debt and Fiscal Vulnerability in the Middle East |
| title_exact_search_txtP | Public Debt and Fiscal Vulnerability in the Middle East |
| title_full | Public Debt and Fiscal Vulnerability in the Middle East Söderling, Ludvig |
| title_fullStr | Public Debt and Fiscal Vulnerability in the Middle East Söderling, Ludvig |
| title_full_unstemmed | Public Debt and Fiscal Vulnerability in the Middle East Söderling, Ludvig |
| title_short | Public Debt and Fiscal Vulnerability in the Middle East |
| title_sort | public debt and fiscal vulnerability in the middle east |
| url | http://elibrary.imf.org/view/IMF001/05477-9781451865769/05477-9781451865769/05477-9781451865769.xml |
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