Fiscal Sustainability: The Case of Eritrea
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Summary:
The paper examines fiscal sustainability issues for the case of Eritrea but has wider implications for addressing fiscal and debt sustainability. It begins with a formal definition and explanation of analytical sustainability indicators, followed by an assessment of the causes of fiscal deficits and their impact on the usual indicators of fiscal and external debt sustainability. The paper then goes beyond the usual analytical indicators by attempting to identify how and through which channels fiscal and other economic policies have affected the behavior of endogenous variables that in one way or another influence sustainability.
Series:
Working Paper No. 2004/007
Subject:
Exchange rates External debt Fiscal policy Fiscal stance Fiscal sustainability Foreign exchange Public debt
English
Publication Date:
January 1, 2004
ISBN/ISSN:
9781451842449/1018-5941
Stock No:
WPIEA0072004
Pages:
29
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