01574cas a2200241 a 4500 AALejournalIMF005067 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451869774 1018-5941 BD-DhAAL BD-DhAAL Clausen, Jens. Calculating Sustainable Non-mineral Balances as Benchmarks for Fiscal Policy : The Case of Botswana / Jens Clausen. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (15 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Assuming a social welfare function that smoothes expenditure, this paper calculates a sustainability benchmark for the non-mineral balance in Botswana that is based on a notion of a "permanent income" from non-renewable resources. It is derived by constructing a hypothetical annuity from revenues from these resources, which is held constant in terms of GDP. Botswana is an interesting case because current projections suggest that diamond resources could be largely exhausted within a generation. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2008/117 Full text available on IMF http://elibrary.imf.org/view/journals/001/2008/117/001.2008.issue-117-en.xml IMF e-Library