Managing the oil revenue boom
Subtitle: the role of fiscal institutions
By: Rolando Ossowski ... [et al.].
Contributors: Ossowski, Rolando.; International Monetary Fund.
Series: Occasional paper -- 260; Occasional paper (International Monetary Fund) -- 260.
Publisher: International Monetary Fund
Published: 2008
Place of publication: Washington, DC
Language: eng
Number of pages: 35
ISBN-13: 9781589067189
Subjects: Petroleum industry and trade -- Economic aspects.; Fiscal policy.
Description: Oil-producing countries have benefited from rising oil prices in recent years. The increase in oil exports and oil revenues has had major implications for these countries. These developments have revealed how governments manage their fiscal policies in light of changing oil-market conditions and the role of special fiscal institutions (SFIs). In this Occasional Paper, IMF experts examine the fiscal response of oil-producing countries to the recent oil boom and the role of SFIs in fiscal management, they review the experiences of selected countries, and they draw general lessons. In doing so, they link findings on best practice in the design of SFIs with broader fiscal management advice.--Publisher's description.
Notes: Includes bibliographical references.
Table of contents: title: Introduction; title: The recent oil boom; title: Special fiscal institutions and the management of oil revenue : recent international experience; title: Quantitative assessment of the impact of fiscal institutions on fiscal outcomes; title: A framework for strengthening fiscal institutions in oil-producing countries.