Fiscal Sustainability: The Case of Eritrea

Author/Editor:

Ayumu Yamauchi

Publication Date:

January 1, 2004

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

The paper examines fiscal sustainability issues for the case of Eritrea but has wider implications for addressing fiscal and debt sustainability. It begins with a formal definition and explanation of analytical sustainability indicators, followed by an assessment of the causes of fiscal deficits and their impact on the usual indicators of fiscal and external debt sustainability. The paper then goes beyond the usual analytical indicators by attempting to identify how and through which channels fiscal and other economic policies have affected the behavior of endogenous variables that in one way or another influence sustainability.

Series:

Working Paper No. 2004/007

Subject:

Exchange rates External debt Fiscal policy Fiscal stance Fiscal sustainability Foreign exchange Public debt

English

Publication Date:

January 1, 2004

ISBN/ISSN:

9781451842449/1018-5941

Stock No:

WPIEA0072004

Pages:

29

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