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• W2022082843 abstract "This paper proposes a framework for assessing fiscal sustainability in heavily indebted countries dependent on exhaustible resources, with reference to Gabon. It finds that fiscal sustainability could be achieved by: (i) developing a fiscal rule for the non-oil primary fiscal balance compatible with an objective for reducing the debt-to-non-oil GDP ratio; (ii) introducing a constant oil-based income transfer per capita allowing intergenerational equity; and (iii) building up an oil savings fund. Long-term simulations show that Gabon's fiscal position is fragile and that a fiscal policy path consistent with the proposed framework could help achieve comfortable levels of net wealth." @default.
• W2022082843 created "2016-06-24" @default.
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• W2022082843 date "2004-01-01" @default.
• W2022082843 modified "2023-09-28" @default.
• W2022082843 title "Fiscal Sustainability in Heavily Indebted Countries Dependent on Nonrenewable Resources: The Case of Gabon" @default.
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• W2022082843 doi "https://doi.org/10.2139/ssrn.878853" @default.
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