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Analyzing Fiscal Space Using the Mams Model; An Application to Burkina Faso
International Monetary Fund (IMF); International … - 2009
This paper analyses economic implications and the transmission mechanisms of different options for creating and using fiscal space. For creating fiscal space, we consider prioritizing expenditures, raising revenue, and scaled-up aid. Fiscal space is used for increasing health and education...
Persistent link: https://www.econbiz.de/10008540936
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Financial Markets and Public Finance in the Transformation Process
Tanzi, Vito - International Monetary Fund (IMF) - 1992
The paper surveys the role of financial markets and fiscal institutions in the transformation process going on in Eastern and Central Europe. It highlights (a) the need to create some sort of “social ecological balance” necessary for the working of a modern market economy; (b) the need to...
Persistent link: https://www.econbiz.de/10005264034
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Addressing Korea's Long-Term Fiscal Challenges
Syed, Murtaza H.; Skaarup, Michael; Feyzioglu, Tarhan - International Monetary Fund (IMF) - 2008
tools, including pension reform, tax base broadening (and, if necessary, rate hikes), improved tax administration and some …
Persistent link: https://www.econbiz.de/10005825781
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Expenditure Ceilings: A Survey
Ljungman, Gösta - International Monetary Fund (IMF) - 2008
This paper looks at the factors that have to be considered when designing an aggregate expenditure ceiling. It is argued that expenditure ceilings are effective in promoting fiscal discipline and sustainability, but that a number of trade-offs have to be made when setting up a fiscal framework...
Persistent link: https://www.econbiz.de/10005826284
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Indian Subnational Finances; Recent Performance
Prasad, A.; Kishore, Adarsh - International Monetary Fund (IMF) - 2007
The fiscal performance of the States in India has been an area of concern for quite some time. The Twelfth Finance Commission (TFC) recommended a three-pronged strategy to alleviate States' fiscal distress, built around greater orientation toward market discipline, incentives for fiscal...
Persistent link: https://www.econbiz.de/10005826330
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Reforming Tax Systems; Experience of the Baltics, Russia, and Other Countries of the Former Soviet Union
Stepanyan, Vahram - International Monetary Fund (IMF) - 2003
Starting in the early 1990s, the Baltics, Russia, and other (BRO) countries of the former Soviet Union initiated tax … lowering of the top marginal income tax rate would significantly benefit economic development and increase tax compliance, have … initiated a new stage of tax reforms. This paper reviews country experiences and suggests that (i) overall, there seems to be …
Persistent link: https://www.econbiz.de/10005768818
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Revenue Authorities; Issues and Problems in Evaluating their Success
Kidd, Maureen; Crandall, William Joseph - International Monetary Fund (IMF) - 2006
administration. They are sometimes seen as a possible solution to problems such as low rates of tax compliance, ineffective tax … evaluated the success of the model. It also assesses countries' own perceptions about how this model may have contributed to tax …
Persistent link: https://www.econbiz.de/10005769101
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Fiscal Objectives in the Post IMF Program World; The Case of Albania
Jonas, Jiri - International Monetary Fund (IMF) - 2010
The paper discusses the challenges facing Albania's fiscal policy following the graduation from the IMF programs. It argues that Albania's public debt remains too high and needs to be reduced. Strengthening the fiscal framework, including by introducing a numerical fiscal rule, could help...
Persistent link: https://www.econbiz.de/10008470393
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India’s Experience with Fiscal Rules; An Evaluation and the Way Forward
Simone, Alejandro; Topalova, Petia - International Monetary Fund (IMF) - 2009
This paper examines India's experience with fiscal rules with a view to inform the design of a possible successor fiscal framework to the FRBMA. Among several proposals to strengthen the FRBMA, a framework that focuses medium-term fiscal policy on debt sustainability by the use of a medium term...
Persistent link: https://www.econbiz.de/10008528639
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Simple, Implementable Fiscal Policy Rules
Kumhof, Michael; Laxton, Douglas - International Monetary Fund (IMF) - 2009
business cycle volatility. A more aggressively countercyclical tax revenue gap rule increases welfare gains by around 50 …
Persistent link: https://www.econbiz.de/10004999963