The Bahamas : Selected Issues.

This Selected Issues paper makes the case for a rules-based fiscal framework for The Bahamas and discusses its design, calibration, and implementation. The IMF staff recommends adopting a headline deficit ceiling and a cap on current expenditure growth, both calibrated to guide debt toward a suitabl...

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书目详细资料
企业作者: International Monetary Fund. Western Hemisphere Dept
格式: 杂志
语言:English
出版: Washington, D.C. : International Monetary Fund, 2018.
丛编:IMF Staff Country Reports; Country Report ; No. 2018/119
在线阅读:Full text available on IMF
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300 |a 1 online resource (32 pages) 
490 1 |a IMF Staff Country Reports 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This Selected Issues paper makes the case for a rules-based fiscal framework for The Bahamas and discusses its design, calibration, and implementation. The IMF staff recommends adopting a headline deficit ceiling and a cap on current expenditure growth, both calibrated to guide debt toward a suitable medium-term anchor while allowing room for stabilization. A headline deficit target is simpler to communicate and monitor than a structural balance rule. Such a framework would allow expanding capital spending, up to the limit provided by the deficit ceiling, in the event of improvements in revenue performance. Moreover, in line with best practices, the framework should be anchored around a pre-defined medium-term debt target that will guide the calibration of proposed operation rules. 
538 |a Mode of access: Internet 
830 0 |a IMF Staff Country Reports; Country Report ;  |v No. 2018/119 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/002/2018/119/002.2018.issue-119-en.xml  |z IMF e-Library