three tiers of government have adhered to a conservative oil price-based fiscal rule, resulting in large overall budget …

increasing expenditure profile during the economic boom. It describes the basic rationale for fiscal rules, different types of …This Selected Issues paper analyzes the strengths and weaknesses of the fiscal framework of Sweden, and discusses some … guidelines for their modification. It describes the Swedish experience under the new fiscal framework, and documents the …

(PRGF) and assesses the progress made in adjusting the economy. The Malian authorities continued to make good progress in …

destroyed. Executive Directors stressed that fiscal policy should bear the major burden of sustaining macroeconomic stability … management contract and the adoption of a prepaid meter system are welcomed. The development of a medium-term fiscal strategy is …

This Selected Issues paper reviews developments in Tanzania in the main fiscal indicators and related structural … reforms to explain the success in fiscal management. The paper contains a brief overview of the structure of the public sector …. Main developments in revenue and expenditure are covered. The paper concludes that the rationalization of expenditure …

The paper analyzes the determinants of success of recent fiscal consolidations in the OECD countries as well as the … short-run and long-run effects of fiscal adjustments on economic activity by looking at fourteen case studies, panel data …. The study finds that while fiscal consolidations tend to have short-run contractionary effects, they can be expansionary …

The economy has started to recover from a slowdown associated with the global financial crisis. Senegal has made … fiscal space for priority spending, including infrastructure spending. To help address growth bottlenecks, higher … infrastructure investment will temporarily raise fiscal deficits. The contributions of the financial sector and the energy sector to …

Timor-Leste had made good progress in establishing the basis for a stable and healthy economy prior to the civil unrest … through the early adoption and maintenance of prudent fiscal and monetary policies. The authorities have maintained a policy …