Strengthening Fiscal Frameworks and Improving the Spending Mix in Small States

Strengthening Fiscal Frameworks and Improving the Spending Mix in Small States
Author :
Publisher : International Monetary Fund
Total Pages : 34
Release :
ISBN-10 : 9781513573472
ISBN-13 : 1513573470
Rating : 4/5 (470 Downloads)

Book Synopsis Strengthening Fiscal Frameworks and Improving the Spending Mix in Small States by : Ezequiel Cabezon

Download or read book Strengthening Fiscal Frameworks and Improving the Spending Mix in Small States written by Ezequiel Cabezon and published by International Monetary Fund. This book was released on 2015-06-19 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reflecting diseconomies of scale in providing public goods and services, recurrent spending in small states typically represents a large share of GDP. For some small states, this limits the fiscal space available for growth-promoting capital spending. Small states generally face greater revenue volatility than other country groups, owing to their exposure to exogenous shocks (including natural disasters) and narrow production bases. With limited buffers, revenue volatility often results in procyclical fiscal policy as the econometric analysis shows. To strengthen fiscal frameworks, small states should seek to streamline and prioritize recurrent spending to create fiscal space for capital spending. The quality of spending could also be improved through public financial management reform and multiyear budgeting.


Strengthening Fiscal Frameworks and Improving the Spending Mix in Small States Related Books

Strengthening Fiscal Frameworks and Improving the Spending Mix in Small States
Language: en
Pages: 34
Authors: Ezequiel Cabezon
Categories: Business & Economics
Type: BOOK - Published: 2015-06-19 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

Reflecting diseconomies of scale in providing public goods and services, recurrent spending in small states typically represents a large share of GDP. For some
Strengthening Fiscal Frameworks and Improving the Spending Mix in Small States
Language: en
Pages: 34
Authors: Ezequiel Cabezon
Categories: Business & Economics
Type: BOOK - Published: 2015-06-19 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

Reflecting diseconomies of scale in providing public goods and services, recurrent spending in small states typically represents a large share of GDP. For some
Resilience and Growth in the Small States of the Pacific
Language: en
Pages: 462
Authors: Hoe Ee Khor
Categories: Business & Economics
Type: BOOK - Published: 2016-08-10 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

Pacific island countries face unique challenges to realizing their growth potential and raising living standards. This book discusses ongoing challenges facing
Macroeconomic Developments and Selected Issues in Small Developing States
Language: en
Pages: 112
Authors: International Monetary Fund
Categories: Business & Economics
Type: BOOK - Published: 2015-09-03 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

This report builds on the work in the 2013 Board paper on Fund Engagement with Small States, the 2013 background papers on Asian and Pacific small states and Ca
Handbook of Governance in Small States
Language: en
Pages: 457
Authors: Lino Briguglio
Categories: Political Science
Type: BOOK - Published: 2020-12-17 - Publisher: Routledge

DOWNLOAD EBOOK

This volume covers a wide spectrum of governance issues relating to small states in a global context. While different definitions of governance are given in the