Managing the Oil Revenue Boom : The Role of Fiscal Institutions /

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...

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Bibliographic Details
Main Author: Villafuerte, Mauricio
Other Authors: Medas, Paulo, Ossowski, Rolando, Thomas, Theo
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2008.
Series:Occasional Papers; Occasional Paper ; No. 2008/003
Online Access:Full text available on IMF
Description
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.
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Physical Description:1 online resource (46 pages)
Format:Mode of access: Internet
ISSN:0251-6365
Access:Electronic access restricted to authorized BRAC University faculty, staff and students