Fiscal Policy Formulation and Implementation in Oil-Producing Countries

By Jeffrey M. Davis, Annalisa Fedelino, Rolando Ossowski

August 21, 2003

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Jeffrey M. Davis, Annalisa Fedelino, and Rolando Ossowski. Fiscal Policy Formulation and Implementation in Oil-Producing Countries, (USA: International Monetary Fund, 2003) accessed November 21, 2024

Summary

Countries with large oil resources can benefit substantially from them. However, despite their huge natural resources, many oil producers have had disappointing growth, widespread poverty, and continuing vulnerability to oil price and other external shocks. Fiscal policy can play a central role indetermining the extent to which a country benefits from its oil wealth. This book brings together studies that provide analysis and findings on fiscal policy issues in oil-producing countries from a diverse international perspective. A key focus for the authors is how to manage oil resources in a way that contributes to a stable macroeconomic environment, sustainable growth, and poverty reduction.

Subject: Commodities, Expenditure, Fiscal policy, Oil, Oil prices, Oil, gas and mining taxes, Prices, Taxes

Keywords: Africa, Asia and Pacific, BOOK, Caribbean, Gas and mining taxes, Global, Government, Middle East, National government, Oil, Oil fund, Oil price risk, Oil prices, Oil revenue, Price, Product price subsidy, Spot price, Western Europe

Publication Details

Pages:

492
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Books
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FPOPEA
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