Selected Issues Papers

The Importance and Drivers of Stock-Flow Adjustments in Mali

Author/Editor:

Peter Kovacs ; Luc Tucker

Publication Date:

July 19, 2023

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Stock-flow adjustments—extra-budgetary and below-the-line operations that do not reflect standard spending and revenue—have added 9 percentage points to the debt-to-GDP ratio in Mali over the past decade. That is just under a third of the total increase in public debt over that period. Despite their importance, there is little understanding of the causes of stock-flow adjustments. A number of actions could be taken to either reduce the occurrence of stock-flow adjustments or to increase transparency and monitoring which would assist fiscal policy decision-making.

Series:

Selected Issues Paper No. 2023/058

Subject:

Debt sustainability analysis External debt Fiscal policy Government debt management International organization Monetary policy Public debt Public financial management (PFM)

Frequency:

Regular