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Canadian province Alberta. To first-order of approximation, this dividend should be a constant fraction of total above- and … below-ground wealth, complemented by additional precautionary savings at initial times to build up a small liquidity fund to … cope with oil price volatility. The ongoing dividend equals approximately 30 per cent of government revenue and requires …
Persistent link: https://www.econbiz.de/10011541123
Canadian province Alberta. To first-order of approximation, this dividend should be a constant fraction of total above- and … below-ground wealth, complemented by additional precautionary savings at initial times to build up a small liquidity fund to … cope with oil price volatility. The ongoing dividend equals approximately 30 per cent of government revenue and requires …
Persistent link: https://www.econbiz.de/10012979602
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This study aims to analyse the discretionary fiscal policy of Azerbaijan, Kazakhstan, and Russia for the period 2003-2015 using the structural budget balance (SBB). The SBB considers the permanent component of oil revenue and therefore clearly defines the discretionary fiscal position and the...
Persistent link: https://www.econbiz.de/10011927258
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This guidance note describes how to use the Excel-based template developed by the Fiscal Affairs Department (FAD) of the IMF accompanying the note 'How to Design a Fiscal Strategy in a Resource-Rich Country.' This template uses data inputs to generate simulations of fiscal policy dynamics. It...
Persistent link: https://www.econbiz.de/10012533620
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