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Kuwait: Selected Issues

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  • International Monetary Fund

Abstract

This Selected Issues paper discusses the designing and implementing of Kuwait’s fiscal policy for the medium term. Fiscal policy has a major role to play in supporting macrostability and diversification. The fiscal strategy design and implementation on a yearly basis are based on a few key areas such as determining targets or ceilings for major fiscal parameters for a three-year rolling framework with binding next budget year and indicative two outer years, establishing a clear process for expressing policy objectives and their link to expenditure, etc. The illustrative budget sequencing with the fiscal strategy spearheading medium-term fiscal policymaking and linked to the annual budget process would support fiscal policy implementation.

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  • International Monetary Fund, 2014. "Kuwait: Selected Issues," IMF Staff Country Reports 2014/334, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2014/334
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    References listed on IDEAS

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    1. Markus K. Brunnermeier & Lasse Heje Pedersen, 2009. "Market Liquidity and Funding Liquidity," The Review of Financial Studies, Society for Financial Studies, vol. 22(6), pages 2201-2238, June.
    2. Zsofia Arvai & Ananthakrishnan Prasad & Kentaro Katayama, 2014. "Macroprudential Policy in the GCC Countries," IMF Staff Discussion Notes 14/1, International Monetary Fund.
    3. James R. Barth & Gerard Caprio & Ross Levine, 2013. "Bank regulation and supervision in 180 countries from 1999 to 2011," Journal of Financial Economic Policy, Emerald Group Publishing Limited, vol. 5(2), pages 111-219, May.
    4. Ms. Zsofia Arvai & Mr. Ananthakrishnan Prasad & Mr. Kentaro Katayama, 2014. "Macroprudential Policy in the GCC Countries," IMF Staff Discussion Notes 2014/001, International Monetary Fund.
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