The Importance and Drivers of Stock-Flow Adjustments in Mali

July 19, 2023

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Format: Chicago

Peter Kovacs, and Luc Tucker. The Importance and Drivers of Stock-Flow Adjustments in Mali, (USA: International Monetary Fund, 2023) accessed November 21, 2024

Summary

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

Publication Details

Pages:

8
Volume:

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DOI:

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Issue:

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Series:

Selected Issues Paper No. 2023/058
Stock No:

SIPEA2023058
ISBN:

9798400248764
ISSN:

2958-7875

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