Fiscal Objectives in the Post IMF Program World: The Case of Albania

The paper discusses the challenges facing Albania''s fiscal policy following the graduation from the IMF programs. It argues that Albania''s public debt remains too high and needs to be reduced. Strengthening the fiscal framework, including by introducing a numerical fiscal rule,...

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1. Verfasser: Jonas, Jiri (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Washington, D.C International Monetary Fund 2010
Schriftenreihe:IMF Working Papers Working Paper No. 10/77
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Zusammenfassung:The paper discusses the challenges facing Albania''s fiscal policy following the graduation from the IMF programs. It argues that Albania''s public debt remains too high and needs to be reduced. Strengthening the fiscal framework, including by introducing a numerical fiscal rule, could help achieve this objective. The paper discusses two alternative rules, with the objective of achieving a gradual decline in the public debt ratio. One rule would limit nominal expenditure growth, with a correction mechanism to guard against revenue slippages and other shocks. An alternative rule would limit the growth in nominal public debt
Beschreibung:1 Online-Ressource (29 p)
ISBN:1451982208
9781451982206

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