-added tax (VAT). The results indicate that a revenue-neutral uniform VAT is regressive in its impact on different households. In …

macroeconomic stability, efficiency in the use of scarce resources as well as reduced horizontal disparities. The role of central …

. In the medium term, real GDP growth is expected to average 6 percent per year, and fiscal consolidation is projected to … continue, driven by an improvement of revenue performance and modest expenditure increases. …

-oil revenue and improving expenditure monitoring and control are critical to strengthening the fiscal position. Structural …

placed on the budget by extrabudgetary expenditures, which reduced the funding available to PRSP programs and activities. The … arrangement has been off track since April 2003 owing to fiscal slippages, in particular salary and wage overrun, which led to …

The paper reviews the changing nature of intergovernmental fiscal relations between the provinces and the central …

argued that expenditure ceilings are effective in promoting fiscal discipline and sustainability, but that a number of trade …This paper looks at the factors that have to be considered when designing an aggregate expenditure ceiling. It is …-offs have to be made when setting up a fiscal framework that will survive in a politically charged environment. The paper …

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 consolidation targets, and commitment to fiscal correction. We find that …

policy objectives, namely, protecting the budget from high revenue volatility and strengthening fiscal prospects. Evidence …This paper looks at the role Sovereign Wealth Funds have played in the Pacific Island Countries in achieving key macro-fiscal … shows that the funds' effectiveness has been hampered by lack of integration with the budget, institutional weaknesses, and …