{
  "title": "Modeling Appropriate Fiscal Targets and Optimal Consolidation Paths for Resource-Rich Countries: The Case of Suriname",
  "publication": "IMF Working Papers, July 10, 2014",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2016/12/31/modeling-appropriate-fiscal-targets-and-optimal-consolidation-paths-for-resource-rich-41736",
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  "summary": "This paper first attempts to quantify the natural resource wealth of Suriname from the perspective of its impact on the fiscal position, and then assesses the fiscal sustainability gap in that context.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Authors: Daniel S Kanda, Mario Mansilla\n- Publication date: July 10, 2014\n- Core objective: Quantify natural resource wealth of Suriname from the perspective of its impact on the fiscal position; assess the fiscal sustainability gap in that context; present models for the optimal path of fiscal consolidation given the outlook for natural resource wealth, macroeconomic conditions, and country authority preferences.\n- Scope: Fiscal sustainability and optimal consolidation for a resource-rich, commodity-exporting economy (Suriname)."
    },
    {
      "heading": "Main findings and substantive points",
      "content": "- The paper quantifies natural resource wealth of Suriname specifically in terms of its impact on the fiscal position.\n- It assesses the fiscal sustainability gap taking natural resource wealth into account.\n- It presents models addressing the optimal fiscal consolidation path given:\n  - the outlook for natural resource wealth,\n  - macroeconomic conditions,\n  - country authority preferences."
    },
    {
      "heading": "Modeling approach and analytical themes",
      "content": "- Topics and technical elements explicitly featured:\n  - baseline projection\n  - commodity exporter context\n  - constraint method\n  - discount rate\n  - Fiscal stance and Fiscal Sustainability\n  - Fiscal Targets\n  - gold price and price projection\n  - Natural Resource Wealth and Non-renewable resources\n  - Output gap and sustainability gap\n  - Optimal Fiscal Consolidation"
    },
    {
      "heading": "Policy implications and recommendations (as framed by the paper)",
      "content": "- Design fiscal consolidation paths that account for:\n  - projected natural resource wealth trajectories,\n  - prevailing macroeconomic conditions,\n  - the preferences and objectives of country authorities.\n- Use model-based assessment to quantify the fiscal sustainability gap and to set appropriate fiscal targets for resource-rich countries.\n\n---\n\n Content in this bundle\n\n- wp14121\n  - wp14121 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp14121 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/modeling-appropriate-fiscal-targets-and-optimal-consolidation-paths-for-resource-rich-41736"
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    "Authors: Daniel S Kanda, Mario Mansilla",
    "Published: July 10, 2014",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781498364614.001",
    "Authors: Daniel S Kanda, Mario Mansilla",
    "Publication date: July 10, 2014",
    "Core objective: Quantify natural resource wealth of Suriname from the perspective of its impact on the fiscal position; assess the fiscal sustainability gap in that context; present models for the optimal path of fiscal consolidation given the outlook for natural resource wealth, macroeconomic conditions, and country authority preferences.",
    "Scope: Fiscal sustainability and optimal consolidation for a resource-rich, commodity-exporting economy (Suriname).",
    "The paper quantifies natural resource wealth of Suriname specifically in terms of its impact on the fiscal position.",
    "It assesses the fiscal sustainability gap taking natural resource wealth into account.",
    "It presents models addressing the optimal fiscal consolidation path given:",
    "Topics and technical elements explicitly featured:",
    "Design fiscal consolidation paths that account for:",
    "Use model-based assessment to quantify the fiscal sustainability gap and to set appropriate fiscal targets for resource-rich countries.",
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