|
|
|
|
| LEADER |
02661nmm a2200445 u 4500 |
| 001 |
EB000936467 |
| 003 |
EBX01000000000000000730063 |
| 005 |
00000000000000.0 |
| 007 |
cr||||||||||||||||||||| |
| 008 |
150128 ||| eng |
| 020 |
|
|
|a 9781484346143
|
| 100 |
1 |
|
|a Jarmuzek, Mariusz
|
| 245 |
0 |
0 |
|a Designing a Fiscal Framework for a Prospective Commodity Producer
|b Options for Lebanon
|c Mariusz Jarmuzek, Diego Mesa Puyo, Najla Nakhle
|
| 260 |
|
|
|a Washington, D.C.
|b International Monetary Fund
|c 2014
|
| 300 |
|
|
|a 33 pages
|
| 651 |
|
4 |
|a Lebanon
|
| 653 |
|
|
|a Fiscal stance
|
| 653 |
|
|
|a Finance, Public
|
| 653 |
|
|
|a Public finance & taxation
|
| 653 |
|
|
|a Fiscal Policy
|
| 653 |
|
|
|a Fiscal governance
|
| 653 |
|
|
|a Structure, Scope, and Performance of Government
|
| 653 |
|
|
|a Fiscal policy
|
| 653 |
|
|
|a National Government Expenditures and Related Policies: General
|
| 653 |
|
|
|a Expenditure
|
| 653 |
|
|
|a Expenditures, Public
|
| 653 |
|
|
|a Institutions and the Macroeconomy
|
| 653 |
|
|
|a Macroeconomics
|
| 653 |
|
|
|a Public financial management (PFM)
|
| 653 |
|
|
|a National Budget, Deficit, and Debt: General
|
| 653 |
|
|
|a Public Finance
|
| 700 |
1 |
|
|a Mesa Puyo, Diego
|
| 700 |
1 |
|
|a Nakhle, Najla
|
| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
|
| 989 |
|
|
|b IMF
|a International Monetary Fund
|
| 490 |
0 |
|
|a IMF Working Papers
|
| 028 |
5 |
0 |
|a 10.5089/9781484346143.001
|
| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/2014/193/001.2014.issue-193-en.xml?cid=42414-com-dsp-marc
|x Verlag
|3 Volltext
|
| 082 |
0 |
|
|a 330
|
| 520 |
|
|
|a Lebanon is expected to have gas resources in its Mediterranean basin, and these could turn the country into a natural gas producer over the next decade. Lebanon’s economy and institutions will thus need to adapt to the challenges and opportunities that such change will bring. In this paper, we address how Lebanon’s fiscal framework will need to be reformulated to take into account potential resource revenue. Designing a fiscal regime appropriately is an absolute prerequisite to make sure the government can receive a fair share of the resources while investors face appropriate incentives to invest and develop the sector. This step should be followed by setting macro-fiscal anchors and supporting institutions. The prospective framework should initially be focused on ensuring fiscal sustainability and intergenerational equity, given the estimated relatively short horizon of Lebanon’s gas resources. Strong institutional arrangements also need to underpin the prospective framework, to ensure that the pace of resource wealth’s use is set in line with Lebanon’s capacity constraints
|