EconStor >
United Nations University (UNU) >
World Institute for Development Economics Research (UNU-WIDER), United Nations University >
WIDER Research Papers, United Nations University (UNU) >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/63597
  
Title:Making fiscal space happen!: Managing fiscal policy in a world of scaled-up aid PDF Logo
Authors:Heller, Peter S.
Katz, Menachem
Debrun, Xavier
Thomas, Theo
Koranchelian, Taline
Issue Date:2006
Series/Report no.:Research Paper, UNU-WIDER, United Nations University (UNU) 2006/125
Abstract:Debt relief and the scaling up of aid to low-income countries should allow for greater fiscal space for expenditure programmes to create long-term growth and lower poverty rates. But designing a suitable medium-term fiscal framework that fosters a sustainable delivery of better public services and infrastructure while maintaining a credible commitment to fiscal prudence confronts many challenges. This paper discusses what low income countries can do to shape fiscal policy frameworks that are ambitious in trying to absorb additional aid while still ensuring longer-term sustainability for government expenditure programmes and finances. It suggests what approaches can be used to manage the greater fiscal policy risks associated with a scaled up aid environment, including coordination with monetary policy. The paper also discusses what institutional changes are needed if donors and countries are to facilitate the implementation of a higher level of aid-financed spending programmes. – aid ; fiscal policy ; low income countries ; macroeconomic policy ; public financial management
JEL:O11
O23
H39
ISBN:9291909092
Document Type:Working Paper
Appears in Collections:WIDER Research Papers, United Nations University (UNU)

Files in This Item:
File Description SizeFormat
521393876.pdf319.15 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/63597

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.