Managing the Oil Revenue Boom: The Role of Fiscal Institutions

Mauricio Villafuerte, Rolando Ossowski, Theo Thomas and Paulo Medas

No 2008/003, IMF Occasional Papers from International Monetary Fund

Abstract: Oil-producing countries have benefited from rising oil prices in recent years. The increase in oil exports and oil revenues has had major implications for these countries. These developments have revealed how governments manage their fiscal policies in light of changing oil-market conditions and the role of special fiscal institutions (SFIs). In this Occasional Paper, IMF experts examine the fiscal response of oil-producing countries to the recent oil boom and the role of SFIs in fiscal management, they review the experiences of selected countries, and they draw general lessons. In doing so, they link findings on best practice in the design of SFIs with broader fiscal management advice.

Keywords: OP; oil-producing country; country; SFIs; fund; oil market condition; oil fund; SFIs dummy; oil export revenue; price forecast; Oil; gas and mining taxes; Oil prices; Budget planning and preparation; Western Hemisphere; Sub-Saharan Africa; Global (search for similar items in EconPapers)
Pages: 46
Date: 2008-04-30
References: Add references at CitEc
Citations: View citations in EconPapers (57)

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=20565 (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: https://EconPapers.repec.org/RePEc:imf:imfops:2008/003

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

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