Designing a Fiscal Framework for a Prospective Commodity Producer is popular PDF and ePub book, written by Mariusz Jarmuzek in 2014-10-23, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Designing a Fiscal Framework for a Prospective Commodity Producer can be Read Online from any device for your convenience.
Designing a Fiscal Framework for a Prospective Commodity Producer Book PDF Summary
Lebanon is expected to have gas resources in its Mediterranean basin, and these could turn the country into a natural gas producer over the next decade. Lebanon’s economy and institutions will thus need to adapt to the challenges and opportunities that such change will bring. In this paper, we address how Lebanon’s fiscal framework will need to be reformulated to take into account potential resource revenue. Designing a fiscal regime appropriately is an absolute prerequisite to make sure the government can receive a fair share of the resources while investors face appropriate incentives to invest and develop the sector. This step should be followed by setting macro-fiscal anchors and supporting institutions. The prospective framework should initially be focused on ensuring fiscal sustainability and intergenerational equity, given the estimated relatively short horizon of Lebanon’s gas resources. Strong institutional arrangements also need to underpin the prospective framework, to ensure that the pace of resource wealth’s use is set in line with Lebanon’s capacity constraints.
Detail Book of Designing a Fiscal Framework for a Prospective Commodity Producer PDF
- Author : Mariusz Jarmuzek
- Release : 23 October 2014
- Publisher : International Monetary Fund
- ISBN : 9781484346143
- Genre : Business & Economics
- Total Page : 33 pages
- Language : English
- PDF File Size : 21,8 Mb
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