A Framework for Assessing Fiscal Vulnerability /

Fiscal vulnerability describes a situation where a government is exposed to the possibility of failure to meet its aggregate fiscal policy objectives. The suggested framework for assessing vulnerability highlights four macro-fiscal aspects of vulnerability: incorrect specification of the initial fis...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Petrie, Murray
Weitere Verfasser: Hemming, Richard
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2000.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2000/052
Online Zugang:Full text available on IMF
Beschreibung
Zusammenfassung:Fiscal vulnerability describes a situation where a government is exposed to the possibility of failure to meet its aggregate fiscal policy objectives. The suggested framework for assessing vulnerability highlights four macro-fiscal aspects of vulnerability: incorrect specification of the initial fiscal position; sensitivity of short-term fiscal outcomes to risk; threats to longer-term fiscal sustainability; and structural or institutional weaknesses affecting the design and implementation of fiscal policy. Fiscal vulnerability indicators are suggested.
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Beschreibung:1 online resource (21 pages)
Format:Mode of access: Internet
ISSN:1018-5941
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