Hidden Bibliographic Details
| Other authors / contributors: | Saito, Mika, 1967- author.
International Monetary Fund. African Department.
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| ISBN: | 9781452772257
1452772258
9781451873917
1451873913
1462380980
9781462380985
9786612844430
6612844434
1282844431
9781282844438
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| Notes: | Includes bibliographical references (page 29).
English.
Print version record.
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| Summary: | A zero net domestic financing (NDF) target has served Tanzania well in recent years, contributing to prudent expenditure policy, improved fiscal sustainability, and macroeconomic stability. Moving to a more flexible fiscal policy, however, may serve Tanzania better. The "diamond rule" proposed in this paper incorporates a permanent hard ceiling on debt and annual benchmark limits on NDF, expenditure growth, and nonconcessional external financing. This rule would provide flexibility for countercyclical policy and help define the fiscal space for infrastructure spending that is consistent with longrun fiscal sustainability. An illustrative simulation shows that Tanzania has considerable fiscal space for development spending.
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| Other form: | Print version: Kim, Daehaeng. Rule-based medium-term fiscal policy framework for Tanzania. [Washington D.C.] : International Monetary Fund, ©2009
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