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National wealth --- Natural resources --- Nonrenewable natural resources --- Petroleum industry and trade --- Government policy --- Congresses. --- Economic aspects --- -Non-renewable natural resources --- Exhaustible resources --- Natural resources, Nonrenewable --- Congresses --- -Congresses --- Non-renewable natural resources --- Economic aspects&delete& --- Energy industries --- Oil industries --- Natural resources - Government policy --- Nonrenewable natural resources - Congresses. --- Petroleum industry and trade - Economic aspects - Congresses.

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This chapter examines whether funds can help countries pursue good macroeconomic, and especially fiscal policies, and consequent design issues. Nonrenewable resource funds (NRF) have been suggested as a way of dealing with the effects of price variability, making it easier to put revenues aside when prices are high so that they can be made available to maintain expenditures when prices are low. Funds may also serve as mechanisms to allow part of the nonrenewable resource wealth to be shared by future generations. A detailed evaluation of country experience suggests that NRFs have been associated with a variety of operating rules and fiscal policy experience. In several cases, rules have been bypassed or changed and they do not themselves seem to have effectively constrained spending, and the integration of the fund's operations with overall fiscal policy has often proven problematic. Whether the political economy arguments for an NRF outweigh the potential disadvantages will need to be considered based on the situation in each country.

Money. Monetary policy --- Public finance --- Appropriations and expenditures --- Finance, Public --- Sustainable development --- Nonrenewable natural resources --- Fiscal policy --- Finance --- -Fiscal policy --- beleid --- natuurlijke rijkdommen --- 336.2 --- investissements --- developpement durable --- richesses naturelles --- politique fiscale --- AA* / International - Internationaal --- 338.013 --- 331.31 --- 336.61 --- 336.030 --- 330.05 --- 333.7 --- Development, Sustainable --- Ecologically sustainable development --- Economic development, Sustainable --- Economic sustainability --- ESD (Ecologically sustainable development) --- Smart growth --- Sustainable economic development --- Economic development --- Cameralistics --- Currency question --- Tax policy --- Taxation --- Economic policy --- Non-renewable natural resources --- Exhaustible resources --- Natural resources, Nonrenewable --- Natural resources --- Belastingsakkoorden. Belastingswezen --- investeringen --- duurzame ontwikkeling --- fiscaal beleid --- Belang, verdeling en beleid van de natuurlijke rijkdommen. Grondstoffen. --- Economisch beleid. --- Financieel beleid. --- Overheidsinkomsten. Belang, verdeling en evolutie. Begrotingsinkomsten: algemeenheden. --- Environmental aspects --- Government policy --- Economic aspects --- Working papers --- Fiscal policy. --- Sustainable development. --- Finance. --- Finance, Public. --- 336.2 Belastingen. Belastingswezen. Openbare financien. Belastingspolitiek. Belastingstheorie. Belastingsharmonisatie. Fiskale politiek. Belastingsleer. Belastingsdruk. Belastingstechniek. Belastingsstelsel.Belastingstarief --- 336.2 Belastingsakkoorden. Belastingswezen --- Belastingen. Belastingswezen. Openbare financien. Belastingspolitiek. Belastingstheorie. Belastingsharmonisatie. Fiskale politiek. Belastingsleer. Belastingsdruk. Belastingstechniek. Belastingsstelsel.Belastingstarief --- Economisch beleid --- Overheidsinkomsten. Belang, verdeling en evolutie. Begrotingsinkomsten: algemeenheden --- Financieel beleid --- Belang, verdeling en beleid van de natuurlijke rijkdommen. Grondstoffen --- Public finances --- Nonrenewable natural resources - Finance --- Budgeting --- Exports and Imports --- Macroeconomics --- Public Finance --- Natural Resources --- National Government Expenditures and Related Policies: General --- Fiscal Policy --- Nonrenewable Resources and Conservation: General --- National Budget --- Budget Systems --- Energy: Demand and Supply --- Prices --- Public finance & taxation --- Environmental management --- Budgeting & financial management --- International economics --- Expenditure --- Non-renewable resources --- Budget planning and preparation --- Oil prices --- Environment --- Public financial management (PFM) --- Expenditures, Public --- Budget --- Papua New Guinea