The Importance and Drivers of Stock-Flow Adjustments in Mali
July 19, 2023
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Stock-flow adjustments—extra-budgetary and below-the-line operations that do not reflect standard spending and revenue—have added 9 percentage points to the debt-to-GDP ratio in Mali over the past decade. That is just under a third of the total increase in public debt over that period. Despite their importance, there is little understanding of the causes of stock-flow adjustments. A number of actions could be taken to either reduce the occurrence of stock-flow adjustments or to increase transparency and monitoring which would assist fiscal policy decision-making.
Subject: Debt sustainability analysis, External debt, Fiscal policy, Government debt management, International organization, Monetary policy, Public debt, Public financial management (PFM)
Keywords: debt database, Debt sustainability analysis, debt-to-GDP ratio in Mali, fiscal policy decision-making, Global, Government debt management, headline deficit, Inflation, inflation forecasts, monetary policy, monetary unions, policy rates, stock-flow adjustment, Sub-Saharan Africa, WAEMU
Pages:
8
Volume:
2023
DOI:
Issue:
058
Series:
Selected Issues Paper No. 2023/058
Stock No:
SIPEA2023058
ISBN:
9798400248764
ISSN:
2958-7875
