01837cas a2200241 a 4500 AALejournalIMF018471 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484355176 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Western Hemisphere Dept. The Bahamas : Selected Issues. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (32 pages) IMF Staff Country Reports <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 This Selected Issues paper makes the case for a rules-based fiscal framework for The Bahamas and discusses its design, calibration, and implementation. The IMF staff recommends adopting a headline deficit ceiling and a cap on current expenditure growth, both calibrated to guide debt toward a suitable medium-term anchor while allowing room for stabilization. A headline deficit target is simpler to communicate and monitor than a structural balance rule. Such a framework would allow expanding capital spending, up to the limit provided by the deficit ceiling, in the event of improvements in revenue performance. Moreover, in line with best practices, the framework should be anchored around a pre-defined medium-term debt target that will guide the calibration of proposed operation rules. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2018/119 Full text available on IMF http://elibrary.imf.org/view/journals/002/2018/119/002.2018.issue-119-en.xml IMF e-Library