1.

Record Nr.

UNINA9910975153303321

Autore

Debrun Xavier

Titolo

Making Fiscal Space Happen : : Managing Fiscal Policy in a World of Scaled-Up Aid / / Xavier Debrun, Peter Heller, Theo Thomas, Menachem Katz, Isabell Adenauer, Taline Koranchelian

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2006

ISBN

9786613828040

9781462369973

1462369979

9781452772332

1452772339

9781283515597

1283515598

9781451909838

1451909837

Edizione

[1st ed.]

Descrizione fisica

1 online resource (55 p.)

Collana

IMF Working Papers

Altri autori (Persone)

AdenauerIsabell

HellerPeter

KatzMenachem

KoranchelianTaline

ThomasTheo

Soggetti

Fiscal policy

Finance, Public

Aid flows

Budget planning and preparation

Budget Systems

Budget

Budgeting & financial management

Budgeting

Economic assistance

Expenditure

Expenditures, Public

Exports and Imports

Fiscal Policy

Foreign Aid

International economics

Macroeconomics

National Budget



National Government Expenditures and Related Policies: General

Public finance & taxation

Public Finance

Public financial management (PFM)

Tanzania, United Republic of

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.