01670cas a2200241 a 4500 AALejournalIMF008856 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451862164 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Trinidad and tobago : The Energy Boom and Proposals for a Sustainable Fiscal Policy. Washington, D.C. : International Monetary Fund, 2005. 1 online resource (25 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 Trinidad and Tobago is experiencing an energy boom stronger than the ones in 1970s and 1980s. The main fiscal policy challenge is to ensure that the increased revenues from the ultimately exhaustible resources are used in a way that protects the competitiveness of the nonenergy sector, builds assets to ensure intergenerational equity, and provides a cushion for stabilization. This paper derives estimates of a sustainable level of primary fiscal balance using Friedman's permanent income hypothesis. These estimates can be used as a guide for the formulation of medium- and long-term fiscal policy frameworks. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2005/197 Full text available on IMF http://elibrary.imf.org/view/journals/001/2005/197/001.2005.issue-197-en.xml IMF e-Library