Ebook167 pages3 hours
Fiscal Management in Resource-Rich Countries: Essentials for Economists, Public Finance Professionals, and Policy Makers
By Håvard Halland and Rolando Ossowski
Rating: 0 out of 5 stars
()
About this ebook
The extractive industries (EI) sector occupies an outsize space in the economies of many developing countries. Policy makers, economists, and public finance professionals working in such countries are frequently confronted with issues that require an in-depth understanding of the sector, its economics, governance, and policy challenges, as well as the implications of natural resource wealth for fiscal and public financial management. The objective of the two-volume Essentials for Economists, Public Finance Professionals, and Policy Makers, published in the World Bank Studies series, is to provide a concise overview of the EI-related topics these professionals are likely to encounter.
This second volume, Fiscal Management in Resource-Rich Countries, addresses critical fiscal challenges typically associated with large revenue flows from the EI sector. The volume discusses fiscal policy across four related dimensions: short-run stabilization, the management of fiscal risks and vulnerabilities, the promotion of long-term sustainability, and the importance of good public financial management and public investment management systems. The volume subsequently examines several institutional mechanisms used to aid fiscal management, including medium-term expenditure frameworks, resource funds, fiscal rules, and fiscal councils. The volume also discusses the earmarking of revenue, resource revenue projections as applied to the government budget, and fiscal transparency, and outlines several fiscal indicators used to assess the fiscal stance of resource-rich countries.
The authors hope that economists, public finance professionals, and policy makers working in resource-rich countries—including decision makers in ministries of finance, international organizations, and other relevant entities—will find the volume useful to their understanding and analysis of fiscal management in resource-rich countries.
This second volume, Fiscal Management in Resource-Rich Countries, addresses critical fiscal challenges typically associated with large revenue flows from the EI sector. The volume discusses fiscal policy across four related dimensions: short-run stabilization, the management of fiscal risks and vulnerabilities, the promotion of long-term sustainability, and the importance of good public financial management and public investment management systems. The volume subsequently examines several institutional mechanisms used to aid fiscal management, including medium-term expenditure frameworks, resource funds, fiscal rules, and fiscal councils. The volume also discusses the earmarking of revenue, resource revenue projections as applied to the government budget, and fiscal transparency, and outlines several fiscal indicators used to assess the fiscal stance of resource-rich countries.
The authors hope that economists, public finance professionals, and policy makers working in resource-rich countries—including decision makers in ministries of finance, international organizations, and other relevant entities—will find the volume useful to their understanding and analysis of fiscal management in resource-rich countries.
Read more from Håvard Halland
Resource Financed Infrastructure Rating: 0 out of 5 stars0 ratingsThe Extractive Industries Sector: Essentials for Economists, Public Finance Professionals, and Policy Makers Rating: 0 out of 5 stars0 ratings
Related to Fiscal Management in Resource-Rich Countries
Related ebooks
Is Fiscal Policy the Answer?: A Developing Country Perspective Rating: 0 out of 5 stars0 ratingsPublic Administration Review A Complete Guide - 2020 Edition Rating: 0 out of 5 stars0 ratingsFiscal Policy and Management in East Asia Rating: 0 out of 5 stars0 ratingsDemocracy and Trade Policy in Developing Countries Rating: 0 out of 5 stars0 ratingsSolid Waste Management Sector in Pakistan: A Reform Road Map for Policy Makers Rating: 0 out of 5 stars0 ratingsThe Role of Education in National Development: Perdana Discourse Series, #3 Rating: 5 out of 5 stars5/5Managing Currency Crises in Emerging Markets Rating: 0 out of 5 stars0 ratingsTrade Policies for International Competitiveness Rating: 0 out of 5 stars0 ratingsChallenging Issues and Accountability in Nigeria’S Public Administration Rating: 0 out of 5 stars0 ratingsThe Wiley International Handbook of Educational Foundations Rating: 0 out of 5 stars0 ratingsEconomics of Education: Research and Studies Rating: 0 out of 5 stars0 ratingsEconomics of Public Finance: An Economic Analysis of Government Expenditure and Revenue in the United Kingdom Rating: 0 out of 5 stars0 ratingsEast Asia and Pacific Economic Update October 2014: Enhancing Competitiveness in an Uncertain World Rating: 0 out of 5 stars0 ratingsNonprofit Financial Planning Made Easy Rating: 3 out of 5 stars3/5
Business Development For You
Hard Asks Made Easy: How to Get Exactly What You Want Rating: 0 out of 5 stars0 ratingsBusiness Plan Checklist: Plan your way to business success Rating: 5 out of 5 stars5/5How to Start a Business for Beginners: A Complete Guide to Building a Successful & Profitable Business Rating: 5 out of 5 stars5/5Vending Revolution - How to Start & Grow a Vending Business at Any Age! Rating: 3 out of 5 stars3/5Ultralearning: Master Hard Skills, Outsmart the Competition, and Accelerate Your Career Rating: 4 out of 5 stars4/5The $100 Startup by Chris Guillebeau: Summary and Analysis Rating: 4 out of 5 stars4/5The Rise of the Rest: How Entrepreneurs in Surprising Places are Building the New American Dream Rating: 5 out of 5 stars5/5Good to Great: Why Some Companies Make the Leap...And Others Don't Rating: 4 out of 5 stars4/5Don't Trust Your Gut: Using Data to Get What You Really Want in LIfe Rating: 3 out of 5 stars3/5Rocket Fuel Rating: 0 out of 5 stars0 ratingsRobert's Rules of Order: A comprehensive guide to Robert’s Rules of Order Rating: 5 out of 5 stars5/5The Magic of Tiny Business: You Don’t Have to Go Big to Make a Great Living Rating: 4 out of 5 stars4/5Summary of Graham Cochrane's How to Get Paid for What You Know Rating: 0 out of 5 stars0 ratingsThe Small Business Start-Up Guide: A Surefire Blueprint to Successfully Launch Your Own Business Rating: 5 out of 5 stars5/5This Shit Works: A No-Nonsense Guide to Networking Your Way to More Friends, More Adventures, and More Success Rating: 0 out of 5 stars0 ratingsVivid Vision: A Remarkable Tool for Aligning Your Business Around a Shared Vision of The Rating: 4 out of 5 stars4/5Fear Less: Face Not-Good-Enough to Replace Your Doubts, Achieve Your Goals, and Unlock Your Success Rating: 5 out of 5 stars5/5The Second in Command: Unleash the Power of Your COO Rating: 0 out of 5 stars0 ratingsThe Crash Course: The Unsustainable Future of Our Economy, Energy, and Environment Rating: 5 out of 5 stars5/5The Hard Truth About Soft Skills: Soft Skills for Succeeding in a Hard Wor Rating: 3 out of 5 stars3/5Nolo’s Guide to Single-Member LLCs: How to Form & Run Your Single-Member Limited Liability Company Rating: 0 out of 5 stars0 ratingsSimple Path to Wealth: Your Guide to Financial Freedom Rating: 0 out of 5 stars0 ratingsPower: Why Some People Have It—and Others Don't Rating: 4 out of 5 stars4/5The Bezos Letters: 14 Principles to Grow Your Business Like Amazon Rating: 5 out of 5 stars5/5Capital in the Twenty-First Century Rating: 4 out of 5 stars4/5Sprint: How to Solve Big Problems and Test New Ideas in Just Five Days Rating: 4 out of 5 stars4/5
Reviews for Fiscal Management in Resource-Rich Countries
Rating: 0 out of 5 stars
0 ratings
0 ratings0 reviews