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in the long run, provided that they do not rely excessively on cuts in productive government expenditure. They can also …
Persistent link: https://www.econbiz.de/10005599708
This report provides an assessment of fiscal transparency practices in Hungary in relation to the requirements of the IMF Code of Good Practices on Fiscal Transparency. The report reveals that Hungary has increased its level of transparency in a number of areas since the last fiscal Report on...
Persistent link: https://www.econbiz.de/10011242683
This paper analyzes recent fiscal policies of nonrenewable resource exporting countries in Latin America and the Caribbean in the context of sharp swings in resource prices. Fiscal policies were predominantly procyclical during the boom period 2003-08 but to significantly differing degrees...
Persistent link: https://www.econbiz.de/10008727790
Debt relief and the scaling up of aid to low-income countries should allow for greater fiscal space for expenditure … a sustainable delivery of better public services and infrastructure while maintaining a credible commitment to fiscal … expenditure programs and finances. It suggests what approaches can be used to manage the greater fiscal policy risks associated …
Persistent link: https://www.econbiz.de/10005599631
fiscal management; (2) establishing or strengthening fiscal authority; and (3) designing appropriate revenue and expenditure … policies while simultaneously strengthening revenue administration and public expenditure management. Based on experiences in …
Persistent link: https://www.econbiz.de/10005590872
This report provides an assessment of fiscal transparency practices in Greece in relation to the requirements of the IMF Code of Good Practices on Fiscal Transparency. The assessment reveals that Greece has made progress, in recent years, in meeting the requirements of the fiscal transparency...
Persistent link: https://www.econbiz.de/10005598851
Italy’s economic development after the recession is analyzed in this study. Earnings were hampered by low net interest and high loan-loss provisions, but banks remained profitable. A large and stable retail funding base and ample collateral to access eurosystem refinancing helped Italian...
Persistent link: https://www.econbiz.de/10011243327
This paper proposes an integrated approach to fiscal policy analysis in oil producing countries (OPCs) geared towards addressing their unique and complex policy challenges. First, an accurate assessment of the fiscal stance in OPCs can be obscured by large and volatile oil revenue flows. Second,...
Persistent link: https://www.econbiz.de/10005825789
Latin America has experienced a resurgence in growth in recent years. However, it is also a region that has been prone to crises while growth has not delivered a significant reduction in poverty and inequality. Maintaining a strong and stable macroeconomic performance in Latin America will...
Persistent link: https://www.econbiz.de/10005826063
Persistent link: https://www.econbiz.de/10011245871