Trinidad and tobago : The Energy Boom and Proposals for a Sustainable Fiscal Policy

Trinidad and Tobago is experiencing an energy boom stronger than the ones in 1970s and 1980s. The main fiscal policy challenge is to ensure that the increased revenues from the ultimately exhaustible resources are used in a way that protects the competitiveness of the nonenergy sector, builds assets to ensure intergenerational equity, and provides a cushion for stabilization. This paper derives estimates of a sustainable level of primary fiscal balance using Friedman's permanent income hypothesis. These estimates can be used as a guide for the formulation of medium- and long-term fiscal policy frameworks.
Publication date: October 2005
ISBN: 9781451862164
$15.00
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
English
Prices in red indicate formats that are not yet available but are forthcoming.
Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Economics- Macroeconomics , oil boom , permanent income hypothesis , oil and gas , natural gas , gas production , oil prices , Macroeconomic - Aspects of Public Finance , Macroeconomic Policy , and General Outlook , National Government Expenditures and Related Policies , Nonrenewable Resources and Cons

Summary