Policy Papers

The Role of Fiscal Institutions in Managing the Oil Revenue Boom

Publication Date:

March 5, 2007

Electronic Access:

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Summary:

This paper examines the fiscal responses of oil-producing countries (OPCs) to the oil boom through 2005 and the role of special fiscal institutions (SFIs)—oil funds, fiscal rules and fiscal responsibility legislation (FRL), and budgetary oil prices—in fiscal management in OPCs, and draws some general lessons.

Series:

Policy Papers

Subject:

Oil prices Oil producing countries Oil revenues