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Setting Up Fiscal Rules in Lesotho : Kingdom of Lesotho / Qianqian Zhang, Motseki Khiba.
- Format:
- Book
- Government document
- Author/Creator:
- Zhang, Qianqian.
- Series:
- Selected Issues Papers; Selected Issues Paper ; No. 2025/140
- Selected Issues Papers
- Language:
- English
- Physical Description:
- 1 online resource (20 pages)
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2025.
- Summary:
- Lesotho’s fiscal policy has long been shaped by volatile SACU revenues and persistent expenditure pressures, calling for a more rules-based and forward-looking framework to ensure sustainability. Recent efforts to formalize a fiscal rules framework offer an opportunity to strengthen medium-term planning, anchor debt dynamics, and build resilience to shocks. The proposed framework should center on a debt ceiling of 60 percent of GDP, a debt anchor of 50 percent of GDP, and a structural deficit target of 3 percent of GDP, supported by operational expenditure and wage-bill rules. A savings fund (stabilization fund) should be set up and be anchored on the fiscal rules, serving both stabilization and investment purposes.
- Notes:
- Description based on print version record.
- ISBN:
- 979-82-290-2680-2
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