Suriname: Selected Issues

December 20, 2018

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Format: Chicago

Suriname: Selected Issues, (USA: International Monetary Fund, 2018) accessed November 21, 2024

Summary

This Selected Issues explores ways for strengthening the current fiscal framework in Suriname and considers options for a new fiscal anchor. The paper provides an overview of mineral natural resources and their importance for the budget. It also lays out the current framework for fiscal planning and budget execution in Suriname and discusses the analytical underpinnings of modernizing it to make it more robust. The paper also presents estimates of long-term sustainability benchmarks based on the IMF’s policy toolkit for resource-rich developing countries. Suriname’s fiscal framework can be strengthened through a fiscal anchor rooted in the non-resource primary balance. Given the size of fiscal adjustment required to bring the non-resource primary balance in line with the long-term sustainability benchmark, a substantial transition period is needed to implement it. The IMF Staff’s adjustment scenario—designed to put public debt on the downward path—closes the current gap by less than half, implying that adjustment would need to continue beyond the 5-year horizon.

Subject: Current spending, Environment, Expenditure, Fiscal governance, Fiscal policy, Natural resources, Public investment spending

Keywords: Caribbean, CR, Current spending, Fiscal governance, GDP data, GIMF model, Global, High frequency data, IoT data, ISCR, Natural resources, Public investment spending, Suriname, Tariffs vis-a-vis

Publication Details

Pages:

31
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/377
Stock No:

1SUREA2018003
ISBN:

9781484391853
ISSN:

1934-7685

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