04817oam 22010814 450 991081244760332120240402044753.01-4623-8098-097866128444301-4518-7391-31-282-84443-11-4527-7225-8(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 Saito1st ed.Washington, D.C. :International Monetary Fund,2009.29 p. illIMF Working PapersBibliographic Level Mode of Issuance: Monograph1-4519-1807-0 Includes bibliographical references.Intro -- Contents -- Executive Summary -- I. Introduction -- II. Fiscal Policy in Tanzania: Improvements and Vulnerabilities -- III. A Rule-Based Medium-Term Fiscal Policy -- IV. A Possible Medium-Term Fiscal Policy Framework for Tanzania -- V. Application of the Proposed Diamond Rule to Tanzania -- VI. Concluding Remarks -- Tables -- 1. Comparison Matrix of Numerical Targets -- 2. Fiscal Rules in Selected Economies -- 3. Fiscal Rules in Sub-Saharan African Countries -- Figures -- 1. Government Domestic Revenue and GDP per Capita in Selected -- 2. Indicators of Public Debt, 2008-2028 Baseline -- 3. Indicators of Public Debt, 2008-2028 Alternative Scenario -- 4. Indicators of Public Debt, 2008-2028 Role of Concessional Borrowing and Grants -- Boxes -- 1. Fiscal Risks Disclosure -- 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, PublicBudget332Kim Daehaeng1661595Saito Mika1606029International Monetary Fund.DcWaIMFBOOK9910812447603321A Rule-Based Medium-Term Fiscal Policy Framework for Tanzania4017614UNINA