05016oam 22011654 450 991096213180332120250426110137.0978661284443097814623809851462380980978145187391714518739139781282844438128284443197814527722571452772258(CKB)3170000000055379(SSID)ssj0000940028(PQKBManifestationID)11571936(PQKBTitleCode)TC0000940028(PQKBWorkID)10939139(PQKB)11405442(OCoLC)680613581(IMF)WPIEE2009244(MiAaPQ)EBC1605953(IMF)WPIEA2009244WPIEA2009244(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: Monograph9781451918076 1451918070 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 developmentTanzaniaEconomicsTanzaniaBudget planning and preparationimfBudget SystemsimfBudgetimfBudgeting & financial managementimfBudgetingimfDebt ManagementimfDebtimfDebts, PublicimfExpenditureimfExpenditures, PublicimfFiscal PolicyimfFiscal policyimfFiscal rulesimfMacroeconomicsimfNational BudgetimfNational Government Expenditures and Related Policies: GeneralimfPublic debtimfPublic finance & taxationimfPublic FinanceimfSovereign DebtimfTanzania, United Republic ofimfEconomic developmentEconomicsBudget planning and preparationBudget SystemsBudgetBudgeting & financial managementBudgetingDebt ManagementDebtDebts, PublicExpenditureExpenditures, PublicFiscal PolicyFiscal policyFiscal rulesMacroeconomicsNational BudgetNational Government Expenditures and Related Policies: GeneralPublic debtPublic finance & taxationPublic FinanceSovereign Debt332Kim Daehaeng1815882Saito Mika1815800International Monetary Fund.DcWaIMFBOOK9910962131803321A Rule-Based Medium-Term Fiscal Policy Framework for Tanzania4371490UNINA