Fiscal rules : coping with revenue volatility in Lesotho and Swaziland / Prepared by Jiro Honda...[et als]
| رقم التسجيلة | 22902 |
| نوع المادة | Papers |
| ردمك | 9781484309575 |
| رقم الطلب | 336.3 F528 |
| اسم الهيئة | International Monetary Fund |
| العنوان | Fiscal rules : coping with revenue volatility in Lesotho and Swaziland / Prepared by Jiro Honda...[et als] |
| بيانات النشر | Washington, D.C, [UNITED STATES]: International Monetary Fund (IMF), 2017. |
| الوصف المادي | ix,42 p |
| بيان السلسلة | African Departmental paper series (International Monetary Fund) |
| الملاحظات الببليوجرافية |
Includes bibliographical references (p.39-42) |
| المحتويات / النص |
Acknowledgments -- Overview -- Introduction -- 1. Policy Challenges and Constraints -- Policy Challenges Associated with SACU Revenues -- Policy and Institutional Constraints -- 2. Addressing Fiscal Policy Volatility in Lesotho and Swaziland -- Can Fiscal Rules Help? -- Managing SACU Revenue in a “Constrained” Economy -- Welfare-Enhancing Role of Fiscal Rules -- 3. From Discretionary to a Rules-Based Fiscal Policy Framework -- Groundwork for Successful Fiscal Rules -- Steps Toward a Rules-Based Policy -- 4. Conclusion
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| المستخلص |
Over the past decade, Lesotho and Swaziland have faced significant volatility in their fiscal revenues, owing to highly unstable Southern African Customs Union (SACU) receipts. Based on model analysis, this paper explores the advantages of implementing fiscal rules to deal with such volatility. It finds that the use of a structural balance target could smooth the growth impact from revenue shocks while helping preserve sufficient international reserves during bad times. From a long-term perspective, it suggests possible welfare gains from introducing fiscal rules. Last, it concludes that, based on experiences in other countries, developing strong institutions and improving public financial management are necessary steps to ease the transitions to a rules-based fiscal policy framework. |
| الواصفات | FISCAL POLICYREVENUESPUBLIC FINANCELESOTHOSWAZILAND |
| الأسماء المرتبطة | Honda, Jiro |
| LDR | 00130c5m a22002413a 4500 |
| 020 | |a 9781484309575 |
| 082 | |a 336.3 F528 |
| 110 | |a International Monetary Fund |
| 245 | |a Fiscal rules : coping with revenue volatility in Lesotho and Swaziland / |c Prepared by Jiro Honda...[et als] |
| 260 | |a Washington, D.C |b International Monetary Fund (IMF), |c 2017 |
| 300 | |a ix,42 p. |
| 490 | |a African Departmental paper series (International Monetary Fund) |
| 504 | |a Includes bibliographical references (p.39-42) |
| 505 |
|a Acknowledgments -- Overview -- Introduction -- 1. Policy Challenges and Constraints -- Policy Challenges Associated with SACU Revenues -- Policy and Institutional Constraints -- 2. Addressing Fiscal Policy Volatility in Lesotho and Swaziland -- Can Fiscal Rules Help? -- Managing SACU Revenue in a “Constrained” Economy -- Welfare-Enhancing Role of Fiscal Rules -- 3. From Discretionary to a Rules-Based Fiscal Policy Framework -- Groundwork for Successful Fiscal Rules -- Steps Toward a Rules-Based Policy -- 4. Conclusion
|
| 520 | |a Over the past decade, Lesotho and Swaziland have faced significant volatility in their fiscal revenues, owing to highly unstable Southern African Customs Union (SACU) receipts. Based on model analysis, this paper explores the advantages of implementing fiscal rules to deal with such volatility. It finds that the use of a structural balance target could smooth the growth impact from revenue shocks while helping preserve sufficient international reserves during bad times. From a long-term perspective, it suggests possible welfare gains from introducing fiscal rules. Last, it concludes that, based on experiences in other countries, developing strong institutions and improving public financial management are necessary steps to ease the transitions to a rules-based fiscal policy framework. |
| 650 | |a LESOTHO |
| 650 | |a SWAZILAND |
| 650 | |a PUBLIC FINANCE |
| 650 | |a FISCAL POLICY |
| 650 | |a REVENUES |
| 700 | |a Honda, Jiro |e 999 |
| 910 | |a libsys:recno,22902 |
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Fiscal rules : coping with revenue volatility in Lesotho and Swaziland | Full text (PDF) |
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