01670cas a2200241 a 4500 AALejournalIMF006376 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451982206 1018-5941 BD-DhAAL BD-DhAAL Jonas, Jiri. Fiscal Objective in the Post IMF Program World : The Case of Albania / Jiri Jonas. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (29 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 The paper discusses the challenges facing Albania's fiscal policy following the graduation from the IMF programs. It argues that Albania's public debt remains too high and needs to be reduced. Strengthening the fiscal framework, including by introducing a numerical fiscal rule, could help achieve this objective. The paper discusses two alternative rules, with the objective of achieving a gradual decline in the public debt ratio. One rule would limit nominal expenditure growth, with a correction mechanism to guard against revenue slippages and other shocks. An alternative rule would limit the growth in nominal public debt. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2010/077 Full text available on IMF http://elibrary.imf.org/view/journals/001/2010/077/001.2010.issue-077-en.xml IMF e-Library