Algeria Selected Issues

This Selected Issues paper examines the options and strategies for designing a fiscal framework for Algeria. It suggests that given the expected lifetime of hydrocarbon reserves, ensuring long-term sustainability and saving for future generations should be the priorities of fiscal policy. The fiscal...

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Bibliographic Details
Corporate Author: International Monetary Fund Middle East and Central Asia Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2014
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Algeria  |b Selected Issues 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2014 
300 |a 59 pages 
651 4 |a Algeria 
653 |a Interest rates 
653 |a Energy: Demand and Supply 
653 |a Economics 
653 |a Credit 
653 |a Finance 
653 |a Monetary economics 
653 |a Financial services 
653 |a Monetary Policy, Central Banking, and the Supply of Money and Credit: General 
653 |a Fiscal Policy 
653 |a Fiscal governance 
653 |a Trade: General 
653 |a Exports and Imports 
653 |a Fiscal policy 
653 |a Asset and liability management 
653 |a International economics 
653 |a Money 
653 |a Liquidity 
653 |a Banks and Banking 
653 |a Prices 
653 |a Macroeconomics 
653 |a Banking 
653 |a Interest Rates: Determination, Term Structure, and Effects 
653 |a Public Finance 
653 |a Money and Monetary Policy 
653 |a Portfolio Choice 
653 |a Liquidity management 
653 |a Finance: General 
653 |a Investment Decisions 
653 |a Central bank policy rate 
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520 |a This Selected Issues paper examines the options and strategies for designing a fiscal framework for Algeria. It suggests that given the expected lifetime of hydrocarbon reserves, ensuring long-term sustainability and saving for future generations should be the priorities of fiscal policy. The fiscal framework also needs to be supported by an adequate institutional arrangement. Overall, the reserves management capacity should be strengthened. The budget law needs to incorporate the new fiscal rule and define the way to enforce it. For the sake of smooth transition, the management of the sovereign wealth fund should be the responsibility of the central bank, which already has the capacity and experience in reserves management