Are Diamonds Forever? Using the Permanent Income Hypothesis to Analyze Botswana's Relianceon Diamond Revenue

This study assesses the sustainability of Botswana’s diamond-related fiscal revenue. Diamond reserves are not adequate to generate enough permanent revenue to sustain a high level of expenditure. Under the current fiscal rule that no debt may be accumulated, Botswana will have to save more to avoid an abrupt adjustment in the medium term.

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Year of publication:	2008-03-01
Authors:	Basdevant, Olivier
Institutions:	International Monetary Fund (IMF)
Subject:	Diamonds \| Fiscal sustainability \| Revenues \| Economic models \| expenditure \| fiscal revenue \| government expenditure \| fiscal rule \| fiscal adjustment \| government revenue \| fiscal policy \| government spending \| expenditure cuts \| expenditures \| public expenditure \| investment expenditure \| fiscal stance \| capital expenditure \| tax revenue \| fiscal vulnerability \| expenditure adjustment \| ratio of government expenditure \| fiscal deficit \| fiscal analysis \| debt service \| fiscal balance \| fiscal policy formulation \| fiscal impact

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Extent:	application/pdf
Series:	IMF Working Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Working Papers Number 08/80 1 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005768799