Old Curses, New Approaches?: Fiscal Benchmarks for Oil-Producing Countries in Sub-Saharan Africa
Buoyant oil prices have allowed oil-producing countries in sub-Saharan Africa (SSA OPCs) to increase oil exports and fiscal revenues, providing them with resources necessary to address the pressing social needs. To preclude another boom-bust cycle, this paper advocates the definition of a fiscal ben...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2007
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Schriftenreihe: | IMF Working Papers
Working Paper No. 07/107 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | Buoyant oil prices have allowed oil-producing countries in sub-Saharan Africa (SSA OPCs) to increase oil exports and fiscal revenues, providing them with resources necessary to address the pressing social needs. To preclude another boom-bust cycle, this paper advocates the definition of a fiscal benchmark anchored in sustainability grounds, following Leigh- Olters (2006). The difference between current primary deficits and those that could be maintained after oil reserves are exhausted represent an indication of the degree to which fiscal positions will have to be adjusted-either gradually, while the overall balances remain in surplus, or abruptly, once oil revenues begin to dwindle |
Beschreibung: | 1 Online-Ressource (42 p) |
ISBN: | 1451866712 9781451866711 |
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spelling | Olters, Jan-Peter Verfasser aut Old Curses, New Approaches? Fiscal Benchmarks for Oil-Producing Countries in Sub-Saharan Africa Olters, Jan-Peter Washington, D.C International Monetary Fund 2007 1 Online-Ressource (42 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 07/107 Buoyant oil prices have allowed oil-producing countries in sub-Saharan Africa (SSA OPCs) to increase oil exports and fiscal revenues, providing them with resources necessary to address the pressing social needs. To preclude another boom-bust cycle, this paper advocates the definition of a fiscal benchmark anchored in sustainability grounds, following Leigh- Olters (2006). The difference between current primary deficits and those that could be maintained after oil reserves are exhausted represent an indication of the degree to which fiscal positions will have to be adjusted-either gradually, while the overall balances remain in surplus, or abruptly, once oil revenues begin to dwindle Online-Ausg http://elibrary.imf.org/view/IMF001/05012-9781451866711/05012-9781451866711/05012-9781451866711.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Olters, Jan-Peter Old Curses, New Approaches? Fiscal Benchmarks for Oil-Producing Countries in Sub-Saharan Africa |
title | Old Curses, New Approaches? Fiscal Benchmarks for Oil-Producing Countries in Sub-Saharan Africa |
title_auth | Old Curses, New Approaches? Fiscal Benchmarks for Oil-Producing Countries in Sub-Saharan Africa |
title_exact_search | Old Curses, New Approaches? Fiscal Benchmarks for Oil-Producing Countries in Sub-Saharan Africa |
title_exact_search_txtP | Old Curses, New Approaches? Fiscal Benchmarks for Oil-Producing Countries in Sub-Saharan Africa |
title_full | Old Curses, New Approaches? Fiscal Benchmarks for Oil-Producing Countries in Sub-Saharan Africa Olters, Jan-Peter |
title_fullStr | Old Curses, New Approaches? Fiscal Benchmarks for Oil-Producing Countries in Sub-Saharan Africa Olters, Jan-Peter |
title_full_unstemmed | Old Curses, New Approaches? Fiscal Benchmarks for Oil-Producing Countries in Sub-Saharan Africa Olters, Jan-Peter |
title_short | Old Curses, New Approaches? |
title_sort | old curses new approaches fiscal benchmarks for oil producing countries in sub saharan africa |
title_sub | Fiscal Benchmarks for Oil-Producing Countries in Sub-Saharan Africa |
url | http://elibrary.imf.org/view/IMF001/05012-9781451866711/05012-9781451866711/05012-9781451866711.xml |
work_keys_str_mv | AT oltersjanpeter oldcursesnewapproachesfiscalbenchmarksforoilproducingcountriesinsubsaharanafrica |