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Fiscal Management of Scaled-Up Aid

Author

Listed:
  • Sanjeev Gupta
  • Duncan P Last
  • Isabell Adenauer
  • Kevin Fletcher
  • Gerd Schwartz
  • Shamsuddin Tareq
  • Richard I Allen

Abstract

This paper discusses the role of fiscal policy and fiscal institutions in managing scaled-up aid. In an environment of volatile scaled-up aid, fiscal policy formulation should be anchored in medium-term frameworks, incorporating a longer-term view of potential resource availability and spending plans. There is merit in smoothing expenditures over time so that all programs are adequately funded. The paper argues that wage-bill ceilings should be used in Fund-supported programs only in exceptional cases. The paper also discusses basic reforms for strengthening public financial management systems for effective utilization of scaled-up aid flows.

Suggested Citation

  • Sanjeev Gupta & Duncan P Last & Isabell Adenauer & Kevin Fletcher & Gerd Schwartz & Shamsuddin Tareq & Richard I Allen, 2007. "Fiscal Management of Scaled-Up Aid," IMF Working Papers 07/222, International Monetary Fund.
  • Handle: RePEc:imf:imfwpa:07/222
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=21296
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    Cited by:

    1. Ezequiel Cabezon & Tej Prakash, 2008. "Public Financial Management and Fiscal Outcomes in Sub-Saharan African Heavily-Indebted Poor Countries," IMF Working Papers 08/217, International Monetary Fund.

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