Panama : Selected Issues.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. Western Hemisphere Dept.

Series:

IMF Staff Country Reports; Country Report ; No. 2016/338

IMF Staff Country Reports

Language:

English

Subjects (All):

Fiscal policy--Panama.

Fiscal policy.

Panama Canal (Panama)--Design and construction.

Panama Canal (Panama).

Physical Description:

1 online resource (62 pages) : illustrations.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2016.

Summary:

This Selected Issues paper assesses the effectiveness of Panama's fiscal framework. The fiscal framework of Panama has played an important role in enhancing fiscal discipline since its establishment in 2009. Since the current fiscal framework went into effect in 2009, the primary balance and debt-to-GDP ratio of the nonfinancial public sector have improved significantly on average compared with those in 2000–08. The fiscal impulse given the output gap also shows that fiscal policy was less procyclical in 2009–15 than in 2001–08. However, there are options to better align the framework with best practice, including reducing unintended procyclicality, increasing transparency, and improving accountability.

Notes:

Includes bibliographical references.

Description based on online resource; title from PDF cover (ebrary, viewed December 7, 2016).

ISBN:

9781475550900

1475550901

9781475550962

1475550960