Operational aspects of fiscal policy in oil-producing countries / prepared by Steven Barnett and Rolando Ossowski.
Tipo de material: TextoSeries IMF working paper ; no. 02/177Detalles de publicación: Washington, D.C. : International Monetary Fund, 2002Descripción: 34 pTema(s): Clasificación CDD:- 21 336.3
Tipo de ítem | Biblioteca actual | Signatura topográfica | Estado | Fecha de vencimiento | Código de barras | |
---|---|---|---|---|---|---|
Documento | Biblioteca Manuel Belgrano | F 336.3 B 20842 (Navegar estantería(Abre debajo)) | Disponible | 20842 F |
Bibliografía: p. 32-34.
Oil-producing countries face challenges arising from the fact that oil revenue is exhaustible, volatile, and uncertain, and largely originates from abroad. Reflecting these challenges, the paper proposes some important general principles for the formulation and assessment of fiscal policy in these countries. The main findings can be summarized in some key guidelines: the non-oil balance should feature prominently in the formulation of fiscal policy; it should generally be adjusted gradually; the government should strive to accumulate substantial financial assets over the period of oil production; and, where necessary, strategies should aim at breaking procyclical fiscal responses to volatile oil prices.
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