Qatar [electronic resource] : Selected Issues.
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TextSeries: IMF Staff Country Reports; Country Report ; No. 13/15Publication details: Washington, D.C. : International Monetary Fund, 2013Description: 1 online resource (51 p.)ISBN: 1475571453 :ISSN: 1934-7685Subject(s): Annual Budget | Expenditure Growth | Fiscal Rules | Fiscal Sustainability | QatarAdditional physical formats: Print Version:: Qatar : Selected IssuesOnline resources: IMF e-Library | IMF Book Store Abstract: Qatar has recently taken steps toward introducing a medium-term budget framework (MTBF) to enhance the predictability of spending decisions in the country. However, implementing medium-term fiscal planning requires formal procedural fiscal rules and parallel efforts to enhance the credibility of the annual budget. Given Qatar's significant exposure to hydrocarbon price movements and its long-lasting hydrocarbon reserves, such fiscal rules would need a certain degree of flexibility and, at the same time, should be set to maintain consistency with long-term fiscal sustainability.
Qatar has recently taken steps toward introducing a medium-term budget framework (MTBF) to enhance the predictability of spending decisions in the country. However, implementing medium-term fiscal planning requires formal procedural fiscal rules and parallel efforts to enhance the credibility of the annual budget. Given Qatar's significant exposure to hydrocarbon price movements and its long-lasting hydrocarbon reserves, such fiscal rules would need a certain degree of flexibility and, at the same time, should be set to maintain consistency with long-term fiscal sustainability.
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