Managing Fiscal Risks from State-Owned Enterprises /

Ensuring that state-owned enterprises (SOEs) are efficient and managed prudently is important for economic and social reasons. It is also crucial to contain fiscal risks and reduce the burden on taxpayers from recurrent and large bailouts. Governments need to develop stronger capacity to monitor and...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Baum, Anja
Weitere Verfasser: Medas, Paulo, Soler, Alberto, Sy, Mouhamadou
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2020.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2020/213
Schlagworte:
Online Zugang:Full text available on IMF
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245 1 0 |a Managing Fiscal Risks from State-Owned Enterprises /  |c Anja Baum, Paulo Medas, Alberto Soler, Mouhamadou Sy. 
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520 3 |a Ensuring that state-owned enterprises (SOEs) are efficient and managed prudently is important for economic and social reasons. It is also crucial to contain fiscal risks and reduce the burden on taxpayers from recurrent and large bailouts. Governments need to develop stronger capacity to monitor and mitigate the risks from SOEs. We present a risk tool to benchmark the performance of SOEs relative to their peers and assess their vulnerabilities, including through stress tests. A strategy to mitigate risks requires the right incentives for managers to perform and for government agencies to conduct effective oversight. Incorporating SOEs in overall fiscal targets would promote greater fiscal discipline and transparency. 
538 |a Mode of access: Internet 
650 7 |a Fiscal Policy  |2 imf 
700 1 |a Medas, Paulo. 
700 1 |a Soler, Alberto. 
700 1 |a Sy, Mouhamadou. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2020/213 
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