The Importance and Drivers of Stock-Flow Adjustments in Mali
Electronic Access:
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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.
Series:
Selected Issues Paper No. 2023/058
Subject:
Debt sustainability analysis External debt Fiscal policy Government debt management International organization Monetary policy Public debt Public financial management (PFM)
Frequency:
Regular
English
Publication Date:
July 19, 2023
ISBN/ISSN:
9798400248764/2958-7875
Stock No:
SIPEA2023058
Format:
Paper
Pages:
8
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