| Description |
1 online resource (29 pages) : illustrations |
| Series |
IMF working paper ; WP/09/244 |
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IMF working paper ; WP/09/244.
|
| Contents |
Cover Page; Title Page; Copyright Page; Contents; Executive Summary; I. Introduction; II. Fiscal Policy in Tanzania: Improvements and Vulnerabilities; 1. Government Domestic Revenue and GDP per Capita in Selected; 1. Fiscal Risks Disclosure; III. A Rule-Based Medium-Term Fiscal Policy; 1. Comparison Matrix of Numerical Targets; 2. Fiscal Rules in Selected Economies; 3. Fiscal Rules in Sub-Saharan African Countries; IV. A Possible Medium-Term Fiscal Policy Framework for Tanzania; 2. Indicators of Public Debt, 2008-2028 Baseline; V. Application of the Proposed Diamond Rule to Tanzania |
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3. Indicators of Public Debt, 2008-2028 Alternative Scenario4. Indicators of Public Debt, 2008-2028 Role of Concessional Borrowing and Grants; VI. Concluding Remarks; References; Footnotes |
| Summary |
A zero net domestic financing (NDF) target has served Tanzania well in recent years, contributing to prudent expenditure policy, improved fiscal sustainability, and macroeconomic stability. Moving to a more flexible fiscal policy, however, may serve Tanzania better. The "diamond rule" proposed in this paper incorporates a permanent hard ceiling on debt and annual benchmark limits on NDF, expenditure growth, and nonconcessional external financing. This rule would provide flexibility for countercyclical policy and help define the fiscal space for infrastructure spending that is consistent with longrun fiscal sustainability. An illustrative simulation shows that Tanzania has considerable fiscal space for development spending |
| Bibliography |
Includes bibliographical references (page 29) |
| Notes |
English |
|
Print version record |
| Subject |
Fiscal policy -- Tanzania
|
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Zero-base budgeting -- Tanzania
|
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Infrastructure (Economics) -- Tanzania
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Fiscal policy
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Infrastructure (Economics)
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Zero-base budgeting
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Tanzania
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| Form |
Electronic book
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| Author |
Saito, Mika, 1967- author.
|
|
International Monetary Fund. African Department
|
| ISBN |
9781452772257 |
|
1452772258 |
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1462380980 |
|
9781462380985 |
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9786612844430 |
|
6612844434 |
|
1282844431 |
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9781282844438 |
|
