Managing the Oil Revenue Boom: The Role of Fiscal Institutions

Business & Finance, Economics, Public Finance, Finance & Investing, Banks & Banking, Macroeconomics
Cover of the book Managing the Oil Revenue Boom: The Role of Fiscal Institutions by Mauricio Mr. Villafuerte, Rolando Mr. Ossowski, Theo Thomas, Paulo Medas, INTERNATIONAL MONETARY FUND
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Author: Mauricio Mr. Villafuerte, Rolando Mr. Ossowski, Theo Thomas, Paulo Medas ISBN: 9781452779591
Publisher: INTERNATIONAL MONETARY FUND Publication: April 30, 2008
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: Mauricio Mr. Villafuerte, Rolando Mr. Ossowski, Theo Thomas, Paulo Medas
ISBN: 9781452779591
Publisher: INTERNATIONAL MONETARY FUND
Publication: April 30, 2008
Imprint: INTERNATIONAL MONETARY FUND
Language: English

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.

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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.

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