Review of the Experience with Oil Stabilization and Savings Funds in Selected Countries
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
The main purposes of this paper are to review the operational modalities and experience of oil funds currently in place in Norway, Chile (copper), the State of Alaska, Venezuela, Kuwait, and Oman, and to draw some preliminary conclusions on their contribution to enhance fiscal management. The outcome so far of their experience has been mixed, with differences among countries reflecting the variety of objectives attached to the funds, the challenges in adhering to established rules, the institutional set-up. and the soundness of the overall fiscal discipline in each country (or state).
Series:
Working Paper No. 2000/112
Subject:
Budget planning and preparation Commodities Expenditure Oil Oil prices Oil, gas and mining taxes Prices Public financial management (PFM) Taxes
English
Publication Date:
June 1, 2000
ISBN/ISSN:
9781451853599/1018-5941
Stock No:
WPIEA1122000
Pages:
20
Please address any questions about this title to publications@imf.org