Kuwait: Selected Issues
Electronic Access:
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Summary:
This Selected Issues paper discusses the designing and implementing of Kuwait’s fiscal policy for the medium term. Fiscal policy has a major role to play in supporting macrostability and diversification. The fiscal strategy design and implementation on a yearly basis are based on a few key areas such as determining targets or ceilings for major fiscal parameters for a three-year rolling framework with binding next budget year and indicative two outer years, establishing a clear process for expressing policy objectives and their link to expenditure, etc. The illustrative budget sequencing with the fiscal strategy spearheading medium-term fiscal policymaking and linked to the annual budget process would support fiscal policy implementation.
Series:
Country Report No. 2014/334
Subject:
Budget planning and preparation Expenditure Financial services Islamic banking Public financial management (PFM) Public investment and public-private partnerships (PPP) Shadow banking
English
Publication Date:
December 9, 2014
ISBN/ISSN:
9781498381307/1934-7685
Stock No:
1KWTEA2014002
Pages:
66
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