Calculating Sustainable Non-mineral Balances as Benchmarks for Fiscal Policy : The Case of Botswana

The Case of Botswana

Calculating Sustainable Non-mineral Balances as Benchmarks for Fiscal Policy : The Case of Botswana
Assuming a social welfare function that smoothes expenditure, this paper calculates a sustainability benchmark for the non-mineral balance in Botswana that is based on a notion of a "permanent income" from non-renewable resources. It is derived by constructing a hypothetical annuity from revenues from these resources, which is held constant in... READ MORE...

Publication date: May 2008
ISBN 9781451869774
$18.00

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