Fiscal Management of Natural Resource Revenues in a Developing Country Setting (or How to Design a Fiscal Rule If You Are Not Norway)
Author: Sebastian Eckardt
Publisher:
Published: 2012
Total Pages:
ISBN-13:
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Author: Sebastian Eckardt
Publisher:
Published: 2012
Total Pages:
ISBN-13:
DOWNLOAD EBOOKAuthor: International Monetary Fund. Fiscal Affairs Dept.
Publisher: International Monetary Fund
Published: 2012-08-16
Total Pages: 82
ISBN-13: 1498340067
DOWNLOAD EBOOKBetter designed and implemented fiscal regimes for oil, gas, and mining can make a substantial contribution to the revenue needs of many developing countries while ensuring an attractive return for investors, according to a new policy paper from the International Monetary Fund. Revenues from extractive industries (EIs) have major macroeconomic implications. The EIs account for over half of government revenues in many petroleum-rich countries, and for over 20 percent in mining countries. About one-third of IMF member countries find (or could find) resource revenues “macro-critical” – especially with large numbers of recent new discoveries and planned oil, gas, and mining developments. IMF policy advice and technical assistance in the field has massively expanded in recent years – driven by demand from member countries and supported by increased donor finance. The paper sets out the analytical framework underpinning, and key elements of, the country-specific advice given. Also available in Arabic: ????? ??????? ?????? ???????? ???????????: ??????? ???????? Also available in French: Régimes fiscaux des industries extractives: conception et application Also available in Spanish: Regímenes fiscales de las industrias extractivas: Diseño y aplicación
Author: Daniel Wilde
Publisher: Commonwealth Secretariat
Published: 2016-10-11
Total Pages: 49
ISBN-13: 1849291608
DOWNLOAD EBOOKPublic policies in taxation and revenue management are key to ensuring natural resource wealth results in economic development. Tax policy and systems should ensure that whenever natural resources are extracted, the host state receives a fair share of revenue. Revenue management policies are required to ensure that government revenues from natural resources are wisely used to finance sustainable economic development. This Economic Paper analyses key issues in natural resource taxation and revenue management and recommends policies that can improve countries’ economic performance. The discussion draws on economic theory, empirical evidence and the work of the Commonwealth Secretariat.
Author: Rolando Ossowski
Publisher: World Bank Publications
Published: 2016-06-28
Total Pages: 180
ISBN-13: 1464804966
DOWNLOAD EBOOKThe extractive industries (EI) sector occupies an outsize space in the economies of many developing countries. Policy makers, economists, and public finance professionals working in such countries are frequently confronted with issues that require an in-depth understanding of the sector, its economics, governance, and policy challenges, as well as the implications of natural resource wealth for fiscal and public financial management. The objective of the two-volume Essentials for Economists, Public Finance Professionals, and Policy Makers, published in the World Bank Studies series, is to provide a concise overview of the EI-related topics these professionals are likely to encounter. This second volume, Fiscal Management in Resource-Rich Countries, addresses critical fiscal challenges typically associated with large revenue flows from the EI sector. The volume discusses fiscal policy across four related dimensions: short-run stabilization, the management of fiscal risks and vulnerabilities, the promotion of long-term sustainability, and the importance of good public financial management and public investment management systems. The volume subsequently examines several institutional mechanisms used to aid fiscal management, including medium-term expenditure frameworks, resource funds, fiscal rules, and fiscal councils. The volume also discusses the earmarking of revenue, resource revenue projections as applied to the government budget, and fiscal transparency, and outlines several fiscal indicators used to assess the fiscal stance of resource-rich countries. The authors hope that economists, public finance professionals, and policy makers working in resource-rich countries—including decision makers in ministries of finance, international organizations, and other relevant entities—will find the volume useful to their understanding and analysis of fiscal management in resource-rich countries.
Author: Naazneen Barma
Publisher: World Bank Publications
Published: 2011-12-08
Total Pages: 303
ISBN-13: 0821387162
DOWNLOAD EBOOKThis volume focuses on the political economy surrounding the detailed decisions that governments make at each step of the value chain for natural resource management. From the perspective of public interest or good governance, many resource-dependent developing countries pursue apparently short-sighted and sub-optimal policies in relation to the extraction and capture of resource rents, and to spending and savings from their resource endowments. This work contextualizes these micro-level choices and outcomes.
Author: Robin W. Boadway
Publisher: World Bank Publications
Published: 1993
Total Pages: 72
ISBN-13:
DOWNLOAD EBOOKThe purpose of this study is to concentrate on the use of taxation measures by the public sector to extract revenues from resources industries, special consideration is given to taxes specific to the resource sector.
Author: OECD
Publisher: OECD Publishing
Published: 2009-01-27
Total Pages: 170
ISBN-13: 9264060251
DOWNLOAD EBOOKNatural capital constitutes a quarter of total wealth in low-income countries. This publication demonstrates that natural resources can contribute to growth, employment, exports and fiscal revenues and highlights the importance of policies encouraging the sustainable management of these resources.
Author: William Ascher
Publisher: JHU Press
Published: 1999
Total Pages: 356
ISBN-13: 9780801860966
DOWNLOAD EBOOKDrawing on 16 case studies from Africa, Asia, and Latin America, reveals the complex political and programmatic reasons why government officials in developing countries often willfully adopt wasteful natural resource policies.
Author: International Monetary Fund. Fiscal Affairs Dept.
Publisher: International Monetary Fund
Published: 2011-08-03
Total Pages: 86
ISBN-13: 1498339247
DOWNLOAD EBOOKThe Fund has long played a lead role in supporting developing countries’ efforts to improve their revenue mobilization. This paper draws on that experience to review issues and good practice, and to assess prospects in this key area.
Author:
Publisher:
Published: 2018
Total Pages:
ISBN-13: 9781908749987
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