Verfügbarkeit: A Rule-Based Medium-Term Fiscal Policy Framework for Tanzania

A Rule-Based Medium-Term Fiscal Policy Framework for Tanzania:

A zero net domestic financing (NDF) target has served Tanzania well in recent years, contributing to prudent expenditure policy, improved fiscal sustainability, and macroeconomic stability. Moving to a more flexible fiscal policy, however, may serve Tanzania better. The ""diamond rule"...

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1. Verfasser:	Kim, Daehaeng (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 2009
Schriftenreihe:	IMF Working Papers Working Paper No. 09/244
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	A zero net domestic financing (NDF) target has served Tanzania well in recent years, contributing to prudent expenditure policy, improved fiscal sustainability, and macroeconomic stability. Moving to a more flexible fiscal policy, however, may serve Tanzania better. The ""diamond rule"" proposed in this paper incorporates a permanent hard ceiling on debt and annual benchmark limits on NDF, expenditure growth, and nonconcessional external financing. This rule would provide flexibility for countercyclical policy and help define the fiscal space for infrastructure spending that is consistent with longrun fiscal sustainability. An illustrative simulation shows that Tanzania has considerable fiscal space for development spending
Beschreibung:	1 Online-Ressource (29 p)
ISBN:	1451873913 9781451873917

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spelling	Kim, Daehaeng Verfasser aut A Rule-Based Medium-Term Fiscal Policy Framework for Tanzania Kim, Daehaeng Washington, D.C International Monetary Fund 2009 1 Online-Ressource (29 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 09/244 A zero net domestic financing (NDF) target has served Tanzania well in recent years, contributing to prudent expenditure policy, improved fiscal sustainability, and macroeconomic stability. Moving to a more flexible fiscal policy, however, may serve Tanzania better. The ""diamond rule"" proposed in this paper incorporates a permanent hard ceiling on debt and annual benchmark limits on NDF, expenditure growth, and nonconcessional external financing. This rule would provide flexibility for countercyclical policy and help define the fiscal space for infrastructure spending that is consistent with longrun fiscal sustainability. An illustrative simulation shows that Tanzania has considerable fiscal space for development spending Online-Ausg Saito, Mika Sonstige oth http://elibrary.imf.org/view/IMF001/10528-9781451873917/10528-9781451873917/10528-9781451873917.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Kim, Daehaeng A Rule-Based Medium-Term Fiscal Policy Framework for Tanzania
title	A Rule-Based Medium-Term Fiscal Policy Framework for Tanzania
title_auth	A Rule-Based Medium-Term Fiscal Policy Framework for Tanzania
title_exact_search	A Rule-Based Medium-Term Fiscal Policy Framework for Tanzania
title_exact_search_txtP	A Rule-Based Medium-Term Fiscal Policy Framework for Tanzania
title_full	A Rule-Based Medium-Term Fiscal Policy Framework for Tanzania Kim, Daehaeng
title_fullStr	A Rule-Based Medium-Term Fiscal Policy Framework for Tanzania Kim, Daehaeng
title_full_unstemmed	A Rule-Based Medium-Term Fiscal Policy Framework for Tanzania Kim, Daehaeng
title_short	A Rule-Based Medium-Term Fiscal Policy Framework for Tanzania
title_sort	a rule based medium term fiscal policy framework for tanzania
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