The Fiscal Management of Natural Resource Revenues in a Developing Country Setting (or How to Design a Fiscal Rule If You Are Not Norway)

The exhaustibility and volatility of natural resource revenues pose well-known economic challenges, of which those facing oil producers are the most prominent. If oil revenues represent an important share of export earnings and of government revenu...

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Bibliographic Details
Main Authors:	Eckardt, Sebastian, Sarsenov, Ilyas, Thomas, Mark Roland
Format:	Brief
Language:	English en_US
Published:	World Bank, Washington, DC 2013
Subjects:	AGGREGATE DEMAND ALL LIABILITIES BANKING SECTOR BONDHOLDERS BORROWING RATES BUDGET DEFICIT BUDGET SURPLUS BUSINESS CYCLE CAPACITY CONSTRAINTS CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CASH TRANSFER COMMERCIAL BANKS COMMITMENT DEVICES COMMODITY COMMODITY EXPORT COMMODITY PRICES CONSUMER PRICE INDEX CONSUMPTION EXPENDITURE CORPORATE INCOME TAX CREDIBILITY CREDIT RATINGS CYCLICAL FISCAL POLICY DEBT DEBT ISSUANCE DEBT RULES DEBT SUSTAINABILITY DEFICIT RULES DEVELOPING COUNTRIES DEVELOPING COUNTRY DISCOUNT RATE DISCRETIONARY FISCAL POLICY DOMESTIC DEBT EQUILIBRIUM PRICE EQUITY OBJECTIVES EXCHANGE RATE EXPENDITURE EXPENDITURES EXPOSURE FINANCIAL ASSETS FINANCIAL CRISIS FINANCIAL MARKETS FINANCIAL RESOURCES FINANCIAL STATEMENTS FISCAL EXPANSION FISCAL FRAMEWORK FISCAL IMPACT FISCAL MANAGEMENT FISCAL POLICIES FISCAL POLICY FISCAL RULE FISCAL RULES FISCAL SAVINGS FISCAL STANCE FISCAL SUSTAINABILITY FIXED INVESTMENT FUND MANAGEMENT FUNGIBLE GOVERNMENT BORROWING GOVERNMENT CAPACITY GOVERNMENT DEBT GOVERNMENT REVENUE GOVERNMENT REVENUES GOVERNMENT SAVING GOVERNMENT SECURITIES GROSS DOMESTIC PRODUCT INCOME INCOME TAX INFLATION INSOLVENCY INSOLVENCY PROBLEMS INSTITUTIONAL CAPACITY INSTITUTIONAL ENVIRONMENT INSTITUTIONAL REFORM INTEREST RATE LIQUID DOMESTIC DEBT MARKETS LIQUIDITY LIQUIDITY CONSTRAINTS MARKET CONFIDENCE MIDDLE-INCOME COUNTRY MONETARY POLICY NATURAL RESOURCE NOMINAL YIELD OIL PRICE OIL RESERVES PENSION PENSION FUNDS PORTFOLIO PUBLIC PUBLIC BORROWING PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC EXPENDITURES PUBLIC POLICY PUBLIC SAVINGS PUBLIC SPENDING RATE OF RETURN REPAYMENT RESERVE RETURN RISK-FREE RATE STRUCTURAL BUDGET BALANCE STRUCTURAL DEFICIT TAX TAX RATE TAX REFORM TAX REVENUES TAXATION TRACK RECORD TRANSACTION TRANSPARENCY TREASURY TREASURY BONDS VOLATILITY
Online Access:	http://documents.worldbank.org/curated/en/2012/04/16838127/fiscal-management-natural-resource-revenues-developing-country-setting http://hdl.handle.net/10986/16178

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http://documents.worldbank.org/curated/en/2012/04/16838127/fiscal-management-natural-resource-revenues-developing-country-setting
http://hdl.handle.net/10986/16178

The Fiscal Management of Natural Resource Revenues in a Developing Country Setting (or How to Design a Fiscal Rule If You Are Not Norway)

Internet

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