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Fiscal Deficit

In: Business and Management

Submitted By rashmi1988
Words 15497
Pages 62
Pamphlet Series
No. 49
1995International Monetary Fund
Washington, D.C.PDF file (176K) also availableUse the free Adobe Acrobat Reader to view pdf files.ISSN 0538-8759
ISBN 1-55775-535-3 | | | | Guidelines for Fiscal Adjustment
Fiscal Affairs Department
International Monetary FundContentsPrefaceIntroductionWhy May Fiscal Adjustment Be Needed? The Impact of Fiscal Policy on Macroeconomic Policy Objectives Inflation External Current Account Growth Fiscal Adjustment to Ensure Sustainability Links to Other Policy InstrumentsHow Should the Fiscal Stance Be Assessed? Fiscal Impact of Alternative Methods of Deficit Financing Other Measures Used to Assess the Fiscal Stance The Sensitivity of a Fiscal Assessment to the Time Frame of Analysis Definition of Government Accounts for Macroeconomic Analysis Coverage of Government Operations Timing of the Impact of Fiscal Transactions Defining the "Overall Fiscal Balance"How Much Fiscal Adjustment Is Required? A Framework for Fiscal Adjustment Determining the Amount of Fiscal Adjustment Reducing the Fiscal Deficit Quality of AdjustmentHow Should Fiscal Adjustment Be Effected? Measures to Improve the Tax System and Increase Revenue Characteristics of a Desirable Tax System Design of Major Taxes Rationalization of Expenditure Policies Expenditure Reduction in the Short Run Structural Public Expenditure ReformReferencesBoxes1. Adverse Consequences of Excessive Fiscal Expansion for Growth2. The Exchange Rate Effects of Fiscal Policy3. Quasi-Fiscal Activities of Public Financial Institutions4. When Should a Country Run a Fiscal Surplus?5. Technical Assistance for Growth6. Social Safety Nets7. Reforming Tax Administration8. The Budget and Expenditure...

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