콘텐츠 바로가기
로그인
컨텐츠
  • HOME
  • SEARCH
PLUS Text Size MINUS RESET
FACEBOOK TWITTER Linked In

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Economic Conditions
Government and Law General

Print

Addressing fiscal risks from state-owned enterprises : Part of an integrated approach to support SOE reforms

Related Document
Frame of Image stability in countries with poorly performing SOEs e.g. Large banking sector exposure to SOEs in Tajikistan, Uzbekistan, Ukraine.
State-owned financial institutions pose unique risks
•
Large fiscal risks due to leverage capacity. Need to ensure sustainability and efficiency of SOFIs.
Finding ways to improve Transparency, and Fiscal Discipline by better Monitoring and Management of Fiscal Risks emanating from SOEs.
•
2
I. Why do Fiscal Risks Matter?
Due to Contingent Liabilities they could generate.
 Contingent liabilities are obligations triggered by a discrete but uncertain event.
(Polackova Brixi and Allen Schick)
 Refers to obligations whose timing and magnitude depend on the occurrence of some uncertain future event outside the control of the government.
(Aliona Cebotari)
II. Why do Fiscal Risks Matter? Fiscal Risks can pose large burdens of public budgets
Average Fiscal Cost of Contingent Liability Realizations, 1990-2014.
(From IMF Dataset on 80 advanced and Emerging economies.)
Fiscal icebergs
5
III. What Fiscal Risks?
Conceptual Framework
Fiscal Risks can arise from both sides of the Government Balance Sheet
•
On the Liabilities Side
➢ The Fiscal Risks Matrix
•
On the Assets Side
➢ The Fiscal Hedge Matrix
Sources of Fiscal Risks
• “Risk” is uncertainty of outcomes caused by future events • Same risks work on both sides of the government balance sheet and may lead to:
– Higher than anticipated outflows – Lower than anticipated inflows
• On the liability side, risks a


Full Text
Title Addressing fiscal risks from state-owned enterprises
Similar Titles
Sub Title

Part of an integrated approach to support SOE reforms

Material Type Proceedings
Author(English)

Sudarshan Gooptu

Publisher

Seoul : KDI School; World Bank

Date 2018-05
Event

WB-KDI workshop on SOE reforms and shared prosperity

Event [Workshop] State-owned Enterprise Reform and Shared Prosperity
Pages 26
Subject Country Ghana(Africa)
South Africa(Africa)
Colombia(Americas)
Peru(Americas)
Indonesia(Asia and Pacific)
Serbia(Europe)
Language English
File Type Documents
Original Format pdf
Subject Economy < Economic Conditions
Government and Law < General
Holding KDI School pf Public Policy and Management
License