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A rule-based medium-term fiscal policy framework for Tanzania /

A zero net domestic financing (NDF) target has served Tanzania well in recent years, contributing to prudent expenditure policy, improved fiscal sustainability, and macroeconomic stability. Moving to a more flexible fiscal policy, however, may serve Tanzania better. The "diamond rule" prop...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Kim, Daehaeng (Autor), Saito, Mika, 1967- (Autor)
Autor Corporativo: International Monetary Fund. African Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington D.C.] : International Monetary Fund, ©2009.
Colección:IMF working paper ; WP/09/244.
Temas:
Acceso en línea:Texto completo

MARC

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100 1 |a Kim, Daehaeng,  |e author. 
245 1 2 |a A rule-based medium-term fiscal policy framework for Tanzania /  |c prepared by Daehaeng Kim and Mika Saito. 
260 |a [Washington D.C.] :  |b International Monetary Fund,  |c ©2009. 
300 |a 1 online resource (29 pages) :  |b illustrations 
336 |a text  |b txt  |2 rdacontent 
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490 1 |a IMF working paper ;  |v WP/09/244 
504 |a Includes bibliographical references (page 29). 
520 3 |a A zero net domestic financing (NDF) target has served Tanzania well in recent years, contributing to prudent expenditure policy, improved fiscal sustainability, and macroeconomic stability. Moving to a more flexible fiscal policy, however, may serve Tanzania better. The "diamond rule" proposed in this paper incorporates a permanent hard ceiling on debt and annual benchmark limits on NDF, expenditure growth, and nonconcessional external financing. This rule would provide flexibility for countercyclical policy and help define the fiscal space for infrastructure spending that is consistent with longrun fiscal sustainability. An illustrative simulation shows that Tanzania has considerable fiscal space for development spending. 
588 0 |a Print version record. 
505 0 |a Cover Page; Title Page; Copyright Page; Contents; Executive Summary; I. Introduction; II. Fiscal Policy in Tanzania: Improvements and Vulnerabilities; 1. Government Domestic Revenue and GDP per Capita in Selected; 1. Fiscal Risks Disclosure; III. A Rule-Based Medium-Term Fiscal Policy; 1. Comparison Matrix of Numerical Targets; 2. Fiscal Rules in Selected Economies; 3. Fiscal Rules in Sub-Saharan African Countries; IV. A Possible Medium-Term Fiscal Policy Framework for Tanzania; 2. Indicators of Public Debt, 2008-2028 Baseline; V. Application of the Proposed Diamond Rule to Tanzania. 
505 8 |a 3. Indicators of Public Debt, 2008-2028 Alternative Scenario4. Indicators of Public Debt, 2008-2028 Role of Concessional Borrowing and Grants; VI. Concluding Remarks; References; Footnotes. 
546 |a English. 
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650 0 |a Fiscal policy  |z Tanzania. 
650 0 |a Zero-base budgeting  |z Tanzania. 
650 0 |a Infrastructure (Economics)  |z Tanzania. 
650 7 |a Fiscal policy  |2 fast 
650 7 |a Infrastructure (Economics)  |2 fast 
650 7 |a Zero-base budgeting  |2 fast 
651 7 |a Tanzania  |2 fast  |1 https://id.oclc.org/worldcat/entity/E39PBJgt4Pf4rtTk7Bvrf6gkDq 
700 1 |a Saito, Mika,  |d 1967-  |e author.  |1 https://id.oclc.org/worldcat/entity/E39PCjyTFFyhcYfmkTX3Kctvpd 
710 2 |a International Monetary Fund.  |b African Department. 
776 0 8 |i Print version:  |a Kim, Daehaeng.  |t Rule-based medium-term fiscal policy framework for Tanzania.  |d [Washington D.C.] : International Monetary Fund, ©2009  |w (OCoLC)540684744 
830 0 |a IMF working paper ;  |v WP/09/244. 
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