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This paper examines Senegal’s 2002 Article IV Consultation and Requests for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF) and for Additional Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries. Overall, economic...
Persistent link: https://www.econbiz.de/10005591262
This paper analyzes past fiscal consolidation plans and their outcomes in France. It covers the early attempts at fiscal consolidation in the 1970s and the 1980s (Plan Barre and Virage de la Rigueur), the first episode of medium-term fiscal consolidation in 1994-97 ahead of joining the European...
Persistent link: https://www.econbiz.de/10009019566
fiscal policy (tax efficiency and public expenditure quality); and institutional, governance, and process issues associated …
Persistent link: https://www.econbiz.de/10005264256
This Selected Issues paper examines Kenya’s growth performance during 1980–2004. It considers the stylized facts on Kenya’s growth performance in the past two decades, in comparison with other Sub-Saharan African countries. The paper examines main sources of economic growth...
Persistent link: https://www.econbiz.de/10011242663
This paper discusses key findings of the assessment on observance of standards and codes on fiscal transparency for Thailand. The assessment reveals that Thailand meets requirements of the fiscal transparency code in many respects and exceeds them in a few cases. The legal framework underlying...
Persistent link: https://www.econbiz.de/10011242859
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 … illustrates the discussion with a case study of medium-term aggregate expenditure ceilings in three countries: Finland, the …
Persistent link: https://www.econbiz.de/10005826284
This paper presents Portugal’s third review under the extended arrangement and request for waiver of applicability of end-March performance criteria. The government has initiated labor market reforms, privatizations, telecom sector liberalization, and improved competition framework....
Persistent link: https://www.econbiz.de/10011245680
India's fiscal problem has deep roots in its federal fiscal system, where multiple players find it difficult to coordinate adjustment. The size and closed nature of the Indian economy, aided by its deep domestic capital market and large captive pool of domestic savings, has disguised the cost of...
Persistent link: https://www.econbiz.de/10005604857
medium-term budgetary framework, including an expenditure rule. The paper focuses on this first step. The purpose is to …
Persistent link: https://www.econbiz.de/10005826033
This paper looks at the role Sovereign Wealth Funds have played in the Pacific Island Countries in achieving key macro-fiscal policy objectives, namely, protecting the budget from high revenue volatility and strengthening fiscal prospects. Evidence shows that the funds' effectiveness has been...
Persistent link: https://www.econbiz.de/10005826400