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A Framework to Assess the Fiscal Risks of Public Bodies: Jamaica

Author

Listed:
  • Longmore, Rohan

    (World Bank)

  • Riveira Cazorla, Marta

    (World Bank)

  • Verhoeven, Marijn

    (World Bank)

Abstract

This note outlines a framework for assessing the extent of fiscal risks inherent in the operations of public bodies (PBs), highlighting eight applications in Jamaica. Scenario analysis and stress testing are two components used to determine the combined effects of company- and sector-specific risk factors and macroeconomic shocks on selected PBs. The framework results can help identify the contributions of PBs, as well as determine the PBs’ required budget allocations. The framework also provides an opportunity to determine the potential impact of fiscal risks on a country’s debt dynamics.

Suggested Citation

  • Longmore, Rohan & Riveira Cazorla, Marta & Verhoeven, Marijn, 2014. "A Framework to Assess the Fiscal Risks of Public Bodies: Jamaica," World Bank - Economic Premise, The World Bank, issue 146, pages 1-8, June.
    • Handle: RePEc:wbk:prmecp:ep146
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    References listed on IDEAS

    as
    1. Polackova Brixi, Hana & Shatalov, Sergei & Zlaoui, Leila, 2000. "Managing fiscal risk in Bulgaria," Policy Research Working Paper Series 2282, The World Bank.
    2. Hana Polackova Brixi & Allen Schick, 2002. "Government at Risk : Contingent Liabilities and Fiscal Risk," World Bank Publications - Books, The World Bank Group, number 15233.
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    More about this item

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • H1 - Public Economics - - Structure and Scope of Government
    • H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents
    • H4 - Public Economics - - Publicly Provided Goods

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