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Fiscal Risks

Author/Editor: Lusine Lusinyan | Aliona Cebotari | Ricardo Velloso | Jeffrey M. Davis | Amine Mati | Murray Petrie | Paolo Mauro
Published: January 29, 2009
Electronic Access: Free Full Text (PDF file size is 968KB)
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Summary: 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.
 
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Series: Departmental Paper No. 09/1
Subject(s): Budgets | Debt sustainability | Fiscal sustainability | Government expenditures | Public debt | Risk management
 
English  
    Published:   January 29, 2009        
    ISBN/ISSN:   9781589067905   Format:   Paper
    Stock No:   FRSDEA   Pages:   60
    Price:   US$25.00 (Academic Rate: US$22.00)
       
     
Please address any questions about this title to publications@imf.org.