This chapter examines major highlights on macroeconomic and fiscal issues affecting the Kuwaiti economy based on different oil price assumptions. Forecast, analysis and simulations are performed using the Kuwait SCPD macro model. For the Kuwait economy, the author has explored three scenarios...

Does the reliance on diversified tax structure enhance resilience to fiscal risks? This paper gives an answer to this question by proposing a new cross-country tax revenue diversification index (RDI). The RDI builds on the Theil index, and unlike the few existing tax diversification indices,...

Predicting available tax revenue accurately is a key step of fiscal policy. It has recently been shown that revenue prediction errors have a direct impact on fiscal deficits. In the current paper we explore the relationship between the ideology of the finance minister and tax revenue projection...