Modeling Appropriate Fiscal Targets and Optimal Consolidation Paths for Resource-Rich Countries: The Case of Suriname

Daniel Kanda and Mario Mansilla

No 2014/121, IMF Working Papers from International Monetary Fund

Abstract: This paper first attempts to quantify the natural resource wealth of Suriname from the perspective of its impact on the fiscal position, and then assesses the fiscal sustainability gap in that context. It then presents models to address the question of the optimal path of fiscal consolidation given the outlook for natural resource wealth, macroeconomic conditions, and country authority preferences.

Keywords: WP; discount rate; Suriname; Natural Resource Wealth; Optimal Fiscal Consolidation; Fiscal Sustainability; Fiscal Targets; sustainability gap; baseline projection; constraint method; commodity exporter; gold price; price projection; Output gap; Fiscal stance; Non-renewable resources; Natural resources; Global (search for similar items in EconPapers)
Pages: 21
Date: 2014-07-10
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Citations: View citations in EconPapers (1)

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