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|z 9781451844948
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|a 1018-5941
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|a Ntamatungiro, Joseph.
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|a Fiscal Sustainability in Heavily Indebted Countries Dependenton Nonrenewable Resources :
|b The Case of Gabon /
|c Joseph Ntamatungiro.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2004.
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|a 1 online resource (38 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper proposes a framework for assessing fiscal sustainability in heavily indebted countries dependent on exhaustible resources, with reference to Gabon. It finds that fiscal sustainability could be achieved by: (i) developing a fiscal rule for the non-oil primary fiscal balance compatible with an objective for reducing the debt-to-non-oil GDP ratio; (ii) introducing a constant oil-based income transfer per capita allowing intergenerational equity; and (iii) building up an oil savings fund. Long-term simulations show that Gabon's fiscal position is fragile and that a fiscal policy path consistent with the proposed framework could help achieve comfortable levels of net wealth.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 2004/030
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2004/030/001.2004.issue-030-en.xml
|z IMF e-Library
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