Operational Aspects of Fiscal Policy in Oil-Producing Countries

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Steven A Barnett; Rolando Ossowski;
(2002)
  • Subject: Government Policy, [Petroleum;Oil;Nonrenewable resources;Fiscal sustainability;Fiscal policy;oil-producing countries, expenditure, government spending, expenditures, National Deficit Surplus, Resource Booms, Nonrenewable Resources and Conservation]

Oil-producing countries face challenges arising from the fact that oil revenue is exhaustible, volatile, and uncertain, and largely originates from abroad. Reflecting these challenges, the paper proposes some important general principles for the formulation and assessme... View more
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