This paper examines the fiscal responses of oil-producing countries (OPCs) to the oil boom through 2005 and the role of … special fiscal institutions (SFIs)-oil funds, fiscal rules and fiscal responsibility legislation (FRL), and budgetary oil …

. The success of the oil sector has created new competitiveness challenges. The IMF report states that rapid increases in … oil wealth are also adding further pressures on the economy despite sound oil revenue management anchored by a fiscal rule … run aging- related costs that peak only after oil production is largely over. …

performance was broadly positive, underpinned by buoyant international oil prices and prudent fiscal and monetary policies. The … creating fiscal space for much needed additional investment and social spending. Non-oil revenues need to be mobilized by …

"This volume provides the most comprehensive estimates of worldwide energy subsidies currently available, drawing on … "how to do" energy subsidy reform, drawing on insights from 22 country case studies and analyses carried out by other …

Energy subsidies have wide-ranging economic consequences. While aimed at protecting consumers, subsidies aggravate … fiscal imbalances, crowd-out priority public spending, and depress private investment, including in the energy sector …. Subsidies also distort resource allocation by encouraging excessive energy consumption, artificially promoting capital …

data, the second-round impact of oil price increases on inflation is emerging …

, particularly in light of the projected decline in oil production over the next decade. It proposes a macroeconomic policy strategy …