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Persistent link: https://www.econbiz.de/10000637896
This paper discusses Romania’s Request for a Stand-By Arrangement (SBA). Since the 2008 global financial crisis, Romania has made significant progress in reducing macroeconomic imbalances and rebuilding fiscal and financial buffers. However, Romania remains vulnerable to external shocks,...
Persistent link: https://www.econbiz.de/10011245005
government level remains prudent with cautious execution of the government budget. …
Persistent link: https://www.econbiz.de/10011245705
For the net administrative budget, the FY 16-18 medium-term budget (MTB) proposal includes: In FY 16, an unchanged … budget envelope in real terms, for the fourth year in a row. To accommodate new and ongoing strategic priorities of the Fund … close to 5 percent of the net administrative budget were identified through this process. The bulk of these savings would be …
Persistent link: https://www.econbiz.de/10014408572
The net administrative budget for FY2017 has been set at USD 1,072.5 million. After four years of zero real growth, the … FY 2017 budget includes an increase of 1\2 percent in constant dollar terms to cover the institution's rising IT and …-personnel expenses. The budget envelope also entails reallocation measures of 1.5 percent of resources and institution-wide savings to …
Persistent link: https://www.econbiz.de/10014408621
implementing gender-responsive fiscal policies. These instruments include gender budget statements, gender impact assessments …, performance-related budget frameworks, and gender audits. Ministries of finance have an especially important role in promoting and …
Persistent link: https://www.econbiz.de/10014408683
maximize the use of available resources, spending in FY 17 is projected to reach 99 percent of the net administrative budget … approved budget-apart from USD 6 million provided in FY 17 to cover rising security costs. An unchanged real net administrative … budget in FY 18, despite deeper Fund engagement in a number of areas, as well as increased costs for corporate modernization …
Persistent link: https://www.econbiz.de/10014408688
growth in expenditure, GCC governments have started to implement significant fiscal consolidation measures, but more needs to be done. Rapid population growth and booming oil revenues led to large increases in government spending in the GCC in the decade to 2014, which now stands high by...
Persistent link: https://www.econbiz.de/10014408703
This letter provides an assessment of recent macroeconomic developments in Benin and an update on the discussions of Fund staff with the Beninese authorities on macroeconomic policies and structural reforms that could form the basis for the authorities' request for a new arrangement under the...
Persistent link: https://www.econbiz.de/10014410155
The sharp increase in fiscal deficits and public debt in most advanced and several developing economies has raised concerns about the sustainability of public finances and highlighted the need for a significant adjustment over the medium term. This paper assesses the usefulness of fiscal rules...
Persistent link: https://www.econbiz.de/10014410177