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100   $a20100902d2009      uf         0
101 0 $aeng
135   $aurcn|||||||||
181   $ctxt
182   $cc
183   $acr
200 12$aA rule-based medium-term fiscal policy framework for Tanzania /$fDaehaeng Kim and Mika Saito
205   $a1st ed.
210   $a[Washington D.C.] $cInternational Monetary Fund$d2009
215   $a29 p. $cill
225 1 $aIMF working paper ;$vWP/09/244
300   $aBibliographic Level Mode of Issuance: Monograph
311   $a1-4519-1807-0 
320   $aIncludes bibliographical references.
327   $aIntro -- 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.
330 3 $aA zero net domestic financing (NDF) target has served Tanzania well in recent years, contributing to prudent expenditure policy, improved fiscal sustainability, and macroeconomic stability. Moving to a more flexible fiscal policy, however, may serve Tanzania better. The "diamond rule" proposed in this paper incorporates a permanent hard ceiling on debt and annual benchmark limits on NDF, expenditure growth, and nonconcessional external financing. This rule would provide flexibility for countercyclical policy and help define the fiscal space for infrastructure spending that is consistent with longrun fiscal sustainability. An illustrative simulation shows that Tanzania has considerable fiscal space for development spending.
410  0$aIMF working paper ;$vWP/09/244.
606   $aEconomic development$zTanzania
606   $aEconomics$zTanzania
615  0$aEconomic development
615  0$aEconomics
676   $a332
700   $aKim$b Daehaeng$01661595
701   $aSaito$b Mika$f1967-$01753568
712 02$aInternational Monetary Fund.
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910812447603321
996   $aA rule-based medium-term fiscal policy framework for Tanzania$94191602
997   $aUNINA