LEADER 04788oam 22011174 450 001 9910788406003321 005 20230828235740.0 010 $a1-4623-6997-9 010 $a1-4527-7233-9 010 $a1-283-51559-8 010 $a1-4519-0983-7 010 $a9786613828040 035 $a(CKB)3360000000443732 035 $a(EBL)3014379 035 $a(SSID)ssj0000942107 035 $a(PQKBManifestationID)11514432 035 $a(PQKBTitleCode)TC0000942107 035 $a(PQKBWorkID)10964509 035 $a(PQKB)11583457 035 $a(OCoLC)712989258 035 $a(MiAaPQ)EBC3014379 035 $a(IMF)WPIEE2006270 035 $a(EXLCZ)993360000000443732 100 $a20020129d2006 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aMaking Fiscal Space Happen : $eManaging Fiscal Policy in a World of Scaled-Up Aid /$fXavier Debrun, Peter Heller, Theo Thomas, Menachem Katz, Isabell Adenauer, Taline Koranchelian 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2006. 215 $a1 online resource (55 p.) 225 1 $aIMF Working Papers 300 $a"December 2006." 311 $a1-4518-6530-9 327 $a""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"" 330 3 $aDebt relief and the scaling up of aid to low-income countries should allow for greater fiscal space for expenditure programs to create long-term growth and lower poverty rates. But designing a suitable medium-term fiscal framework that fosters a sustainable delivery of better public services and infrastructure while maintaining a credible commitment to fiscal prudence confronts many challenges. This paper discusses what low-income countries can do to shape fiscal policy frameworks that are ambitious in trying to absorb additional aid while still ensuring longer-term sustainability for government expenditure programs and finances. It suggests what approaches can be used to manage the greater fiscal policy risks associated with a scaled-up aid environment, including coordination with monetary policy. The paper also discusses what institutional changes are needed if donors and countries are to facilitate the implementation of a higher level of aid-financed spending programs. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2006/270 606 $aFiscal policy 606 $aFinance, Public 606 $aBudgeting$2imf 606 $aExports and Imports$2imf 606 $aPublic Finance$2imf 606 $aNational Government Expenditures and Related Policies: General$2imf 606 $aNational Budget$2imf 606 $aBudget Systems$2imf 606 $aFiscal Policy$2imf 606 $aForeign Aid$2imf 606 $aPublic finance & taxation$2imf 606 $aBudgeting & financial management$2imf 606 $aMacroeconomics$2imf 606 $aInternational economics$2imf 606 $aExpenditure$2imf 606 $aBudget planning and preparation$2imf 606 $aFiscal policy$2imf 606 $aPublic financial management (PFM)$2imf 606 $aAid flows$2imf 606 $aExpenditures, Public$2imf 606 $aBudget$2imf 606 $aFinance, Public$2imf 606 $aEconomic assistance$2imf 607 $aTanzania, United Republic of$2imf 615 0$aFiscal policy. 615 0$aFinance, Public. 615 7$aBudgeting 615 7$aExports and Imports 615 7$aPublic Finance 615 7$aNational Government Expenditures and Related Policies: General 615 7$aNational Budget 615 7$aBudget Systems 615 7$aFiscal Policy 615 7$aForeign Aid 615 7$aPublic finance & taxation 615 7$aBudgeting & financial management 615 7$aMacroeconomics 615 7$aInternational economics 615 7$aExpenditure 615 7$aBudget planning and preparation 615 7$aFiscal policy 615 7$aPublic financial management (PFM) 615 7$aAid flows 615 7$aExpenditures, Public 615 7$aBudget 615 7$aFinance, Public 615 7$aEconomic assistance 700 $aDebrun$b Xavier$01464155 701 $aHeller$b Peter$0153472 701 $aThomas$b Theo$01574023 701 $aKatz$b Menachem$01574024 701 $aAdenauer$b Isabell$01574025 701 $aKoranchelian$b Taline$01485186 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788406003321 996 $aMaking Fiscal Space Happen$93850031 997 $aUNINA