Managing the oil revenue boom : the role of fiscal institutions / Rolando Ossowski ... [and others].

Format:

Book

Government document

Contributor:

Ossowski, Rolando.

International Monetary Fund.

Series:

Occasional paper (International Monetary Fund) ; 260.

Occasional paper ; 260

Language:

English

Subjects (All):

Petroleum industry and trade--Economic aspects.

Petroleum industry and trade.

Fiscal policy.

Physical Description:

x, 35 pages : illustrations ; 28 cm.

Place of Publication:

Washington, DC : International Monetary Fund, 2008.

Summary:

Oil-producing countries have benefited from rising oil prices in recent years. The increase in oil exports and oil revenues has had major implications for these countries. These developments have revealed how governments manage their fiscal policies in light of changing oil-market conditions and the role of special fiscal institutions (SFIs). In this Occasional Paper, IMF experts examine the fiscal response of oil-producing countries to the recent oil boom and the role of SFIs in fiscal management, they review the experiences of selected countries, and they draw general lessons. In doing so, they link findings on best practice in the design of SFIs with broader fiscal management advice.--Publisher's description.

Contents:

Introduction

The recent oil boom

Special fiscal institutions and the management of oil revenue: recent international experience

Quantitative assessment of the impact of fiscal institutions on fiscal outcomes

A framework for strengthening fiscal institutions in oil-producing countries.

Notes:

Includes bibliographical references (pages 34-35).

ISBN:

9781589067189

1589067185

OCLC:

227190214