1.

Record Nr.

UNINA9910826876503321

Autore

Heller Peter S

Titolo

Making fiscal space happen : managing fiscal policy in a world of scaled-up aid / / prepared by Peter S. Heller ...[et. al.]

Pubbl/distr/stampa

[Washington, D.C.], : International Monetary Fund, c2006

ISBN

1-4623-6997-9

1-4527-7233-9

1-283-51559-8

1-4519-0983-7

9786613828040

Edizione

[1st ed.]

Descrizione fisica

1 online resource (55 p.)

Collana

IMF working paper ; ; WP/06/270

Soggetti

Fiscal policy

Finance, Public

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"December 2006."

Nota di contenuto

""Contents""; ""ACRONYMS""; ""I. INTRODUCTION""; ""II. SETTING THE APPROPRIATE FISCAL POLICY FRAMEWORK""; ""III. ENHANCING THE MANAGEMENT OF FISCAL RISK""; ""IV. INSTITUTIONAL APPROACHES TO FACILITATE FISCAL MANAGEMENT WITH SCALED-UP AID FLOWS""; ""V. CONCLUSIONS""; ""REFERENCES""

Sommario/riassunto

Debt relief and the scaling up of aid to low-income countries should allow for greater fiscal space for expenditure programs to create long-term growth and lower poverty rates. But designing a suitable medium-term fiscal framework that fosters a sustainable delivery of better public services and infrastructure while maintaining a credible commitment to fiscal prudence confronts many challenges. This paper discusses what low-income countries can do to shape fiscal policy frameworks that are ambitious in trying to absorb additional aid while still ensuring longer-term sustainability for government expenditure programs and finances. It suggests what approaches can be used to manage the greater fiscal policy risks associated with a scaled-up aid environment, including coordination with monetary policy. The paper also discusses what institutional changes are needed if donors and



countries are to facilitate the implementation of a higher level of aid-financed spending programs.