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Fiscal Management of Scaled-Up Aid

This paper discusses the role of fiscal policy and fiscal institutions in managing scaled-up aid. In an environment of volatile scaled-up aid, fiscal policy formulation should be anchored in medium-term frameworks, incorporating a longer-term view of potential resource availability and spending plan...

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Bibliographic Details
Main Author: Gupta, Sanjeev
Other Authors: Last, Duncan, Adenauer, Isabell, Fletcher, Kevin
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2007
Series:IMF Working Papers
Subjects:
Finance, Public
Public Administration
Budget Systems
Public Finance & Taxation
Public Finance Accounting
Fiscal Accounting And Reporting
Budget Planning And Preparation
Budgeting
National Government Expenditures And Related Policies: General
Expenditure
Budget Execution And Treasury Management
Accounting
Finance, Public; Accounting
Public Sector Accounting And Audits
Expenditures, Public
Budget
Public Financial Management (pfm)
Budgeting & Financial Management
National Budget
National Budget, Deficit, And Debt: General
Public Finance
Ghana
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper discusses the role of fiscal policy and fiscal institutions in managing scaled-up aid. In an environment of volatile scaled-up aid, fiscal policy formulation should be anchored in medium-term frameworks, incorporating a longer-term view of potential resource availability and spending plans. There is merit in smoothing expenditures over time so that all programs are adequately funded. The paper argues that wage-bill ceilings should be used in Fund-supported programs only in exceptional cases. The paper also discusses basic reforms for strengthening public financial management systems for effective utilization of scaled-up aid flows
Physical Description:64 pages
ISBN:9781451867862

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