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|z 9781451873917
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|a 1018-5941
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|c BD-DhAAL
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|a Kim, Daehaeng.
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|a A Rule-Based Medium-Term Fiscal Policy Framework for Tanzania /
|c Daehaeng Kim, Mika Saito.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2009.
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|a 1 online resource (29 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 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.
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|a Mode of access: Internet
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|a Saito, Mika.
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|a IMF Working Papers; Working Paper ;
|v No. 2009/244
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2009/244/001.2009.issue-244-en.xml
|z IMF e-Library
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