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240607 ||| eng |
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|a 9798400249037
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| 245 |
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|a Chile
|b Technical Assistance Report-Fiscal Considerations in Managing Stabilization Funds
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|a Washington, D.C.
|b International Monetary Fund
|c 2023
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|a 57 pages
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|a Chile
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|a Fiscal stance
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|a Public Administration
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|a Public debt
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|a Finance
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|a Public finance & taxation
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|a Natural Disasters
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|a Climate
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|a Fiscal Policy
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|a Debts, Public
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|a Fiscal risks
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|a International organization
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|a International institutions
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|a Global Warming
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|a Public Sector Accounting and Audits
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|a International Economics
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|a Macroeconomics
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|a Public financial management (PFM)
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|a Financial Risk Management
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|a International Agreements and Observance
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|a Institutional Investors
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|a International Organizations
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|a Pension Funds
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|a Natural Disasters and Their Management
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|a Monetary economics
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|a Sovereign wealth funds
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|a Environment
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|a Financial Instruments
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|a International agencies
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|a Debt Management
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|a Debt
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|a Fiscal policy
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|a Sovereign Debt
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|a Non-bank Financial Institutions
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|a Monetary policy
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|a Natural disasters
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|a Monetary Policy
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|a Public Finance
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| 653 |
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|a Money and Monetary Policy
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|a International Monetary Fund
|b Fiscal Affairs Dept
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|a eng
|2 ISO 639-2
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|b IMF
|a International Monetary Fund
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|a IMF Staff Country Reports
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|a 10.5089/9798400249037.002
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|u https://elibrary.imf.org/view/journals/002/2023/249/002.2023.issue-249-en.xml?cid=535833-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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|a This technical assistance report on Chile highlights fiscal considerations in managing stabilization funds. Chile’s strong fiscal framework has served the country well. Cross-country experience shows that an adequate buffer in stabilization fund can facilitate governments’ response to shocks. Rebuilding fiscal buffers in a holistic framework can help Chile better manage tail risks. The quantitative models suggest that keeping debt well below the current prudent ceiling on central government gross debt at 45 percent of gross domestic product is appropriate. The government can reduce public debt to give space for future borrowing in adverse times or accumulate liquid assets to rebuild fiscal buffers. Fiscal efforts to achieve a broadly balanced fiscal position are an important way to rebuild buffers. The government should avoid borrowing more debt at high interest rates to save assets in the stabilization fund. Overall, the pace of building buffers should be tailored to economic conditions
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