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Calculating Sustainable Non-Mineral Balances As Benchmarks for Fiscal Policy; The Case of Botswana
Clausen, Jens R.
-
International Monetary Fund (IMF)
-
2008
Assuming a social welfare function that smoothes expenditure, this paper calculates a sustainability benchmark for the non-mineral balance in Botswana that is based on a notion of a "permanent income" from non-renewable resources. It is derived by constructing a hypothetical annuity from...
Persistent link: https://www.econbiz.de/10005248301
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Botswana; Selected Issues
International Monetary Fund (IMF)
;
International …
-
2008
This paper suggests that it is essential to save a substantial portion of
mineral
revenues
now to ensure fiscal …
Persistent link: https://www.econbiz.de/10011244070
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