03955oam 22010454 450 991078822410332120230721045715.01-4623-8098-097866128444301-4518-7391-31-282-84443-11-4527-7225-8(CKB)3170000000055379(SSID)ssj0000940028(PQKBManifestationID)11571936(PQKBTitleCode)TC0000940028(PQKBWorkID)10939139(PQKB)11405442(OCoLC)680613581(MiAaPQ)EBC1605953(IMF)WPIEE2009244(EXLCZ)99317000000005537920020129d2009 uf 0engurcn|||||||||txtccrA Rule-Based Medium-Term Fiscal Policy Framework for Tanzania /Daehaeng Kim, Mika SaitoWashington, D.C. :International Monetary Fund,2009.29 p. illIMF Working PapersBibliographic Level Mode of Issuance: Monograph1-4519-1807-0 Includes bibliographical references.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.IMF Working Papers; Working Paper ;No. 2009/244Economic developmentTanzaniaEconomicsTanzaniaBudgetingimfMacroeconomicsimfPublic FinanceimfDebtimfDebt ManagementimfSovereign DebtimfFiscal PolicyimfNational Government Expenditures and Related Policies: GeneralimfNational BudgetimfBudget SystemsimfPublic finance & taxationimfBudgeting & financial managementimfPublic debtimfFiscal policyimfFiscal rulesimfExpenditureimfBudget planning and preparationimfDebts, PublicimfExpenditures, PublicimfBudgetimfTanzania, United Republic ofimfEconomic developmentEconomicsBudgetingMacroeconomicsPublic FinanceDebtDebt ManagementSovereign DebtFiscal PolicyNational Government Expenditures and Related Policies: GeneralNational BudgetBudget SystemsPublic finance & taxationBudgeting & financial managementPublic debtFiscal policyFiscal rulesExpenditureBudget planning and preparationDebts, PublicExpenditures, PublicBudgetKim Daehaeng1509579Saito Mika1509580International Monetary Fund.DcWaIMFBOOK9910788224103321A Rule-Based Medium-Term Fiscal Policy Framework for Tanzania3741545UNINA