Fiscal Risks: Sources, Disclosure, and Management

Price:  $25.00

Author/Editor: Lusine Lusinyan, Amine Mati, Aliona Cebotari, Ricardo Velloso, Murray Petrie, Jeffrey M. Davis, Paolo Mauro
Release Date: © January, 2009
ISBN : 978-1-58906-790-5
Stock #: FRSDEA
Stock Status: Available

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This paper analyzes the main sources of fiscal risks, including from unexpected changes in macroeconomic variables and banking crises, which can have major consequences for countries' fiscal and public debt sustainability. It builds on an overview of existing practices in a wide range of countries to provide practical suggestions on how to promote disclosure of such risks and on risk mitigation and management. The paper was written in response to requests from IMF member countries for advice on this subject. The paper also includes an example of a possible statement of fiscal risks.


Budgeting , Economic policy , Fiscal policy , Transparency

More publications in this series: Departmental Papers / Policy Papers

More publications by: Lusine Lusinyan ; Amine Mati ; Aliona Cebotari ; Ricardo Velloso ; Murray Petrie ; Jeffrey M. Davis ; Paolo Mauro