Economics at your fingertips  

Fiscal Risks: Sources, Disclosure, and Management

Lusine Lusinyan, Amine Mati, Aliona Cebotari, Ricardo Velloso, Murray Petrie (), Jeffrey Davis and Paolo Mauro ()

No 2009/001, IMF Departmental Papers / Policy Papers from International Monetary Fund

Abstract: This paper analyzes the main sources of fiscal risks, including from unexpected changes in macroeconomic variables and banking crises, which can have major consequences for countries fiscal and public debt sustainability. It builds on an overview of existing practices in a wide range of countries to provide practical suggestions on how to promote disclosure of such risks and on risk mitigation and management. The paper was written in response to requests from IMF member countries for advice on this subject. The paper also includes an example of a possible statement of fiscal risks.

Keywords: DPPP; DP; fiscal risk; guarantee; debt management; interest rate; contingency reserve; risk mitigation; exchange rate; economic growth; Fiscal risks; Contingent liabilities; Budget planning and preparation; Africa (search for similar items in EconPapers)
Pages: 60
Date: 2009-01-29
References: Add references at CitEc
Citations: View citations in EconPapers (23) Track citations by RSS feed

Downloads: (external link) (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in IMF Departmental Papers / Policy Papers from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().

Page updated 2022-09-27
Handle: RePEc:imf:imfdps:2009/001