This paper discusses the role of fiscal policy and fiscal institutions in managing scaled-up aid. In an environment of volatile scaled-up aid, fiscal policy formulation should be anchored in medium-term frameworks, incorporating a longer-term view of potential resource availability and spending...

Intro -- Contents -- Foreword -- Contributors -- Acknowledgments -- Fiscal Policy for Economic Development: An Overview -- Fiscal Policy, Expenditure Composition, and Growth in Low-Income Countries -- Persistence of Fiscal Adjustments and Expenditure Composition in Low-Income Countries --...