TY - BOOK ID - 11276006 TI - Creating Sustainable Fiscal Space for Infrastructure : The Case of Tanzania AU - Ter-Minassian, Teresa. AU - Hajdenberg, Alejandro. AU - Hughes, Richard. PY - 2008 VL - WP/08/256 SN - 1451915675 1462360831 1451871147 1282842072 9786612842078 1452751099 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Infrastructure (Economics) KW - Fiscal policy KW - Tanzania KW - Economic policy. KW - Economic conditions. KW - Tax policy KW - Taxation KW - Capital, Social (Economics) KW - Economic infrastructure KW - Social capital (Economics) KW - Social infrastructure KW - Social overhead capital KW - Government policy KW - Economic policy KW - Finance, Public KW - Economic development KW - Human settlements KW - Public goods KW - Public works KW - Capital KW - Infrastructure KW - Public Finance KW - Investment KW - Intangible Capital KW - Capacity KW - National Government Expenditures and Related Policies: Infrastructures KW - Other Public Investment and Capital Stock KW - Debt KW - Debt Management KW - Sovereign Debt KW - National Government Expenditures and Related Policies: General KW - Public finance & taxation KW - Macroeconomics KW - Public investment and public-private partnerships (PPP) KW - Public debt KW - Public investment spending KW - Expenditure KW - Saving and investment KW - Public-private sector cooperation KW - Debts, Public KW - Public investments KW - Expenditures, Public KW - Tanzania, United Republic of UR - https://www.unicat.be/uniCat?func=search&query=sysid:11276006 AB - A common dilemma facing governments around the world is how to meet the sizeable fiscal costs of providing and maintaining infrastructure networks. Over the past decade, developed and developing countries have looked to fiscal rules, budgetary reforms, tax policy and administration measures, public-private partnerships and other innovative financial instruments to raise additional finance for infrastructure investment. This paper looks at the range of options for raising the financing to meet Tanzania's infrastructure needs. It begins with a brief survey of the evidence on the relationship between infrastructure, public investment, and economic growth, and then goes on to consider the case for additional infrastructure investment in Tanzania. The second part of the paper looks at five broad options for mobilizing additional resources to meet Tanzania's infrastructure needs: (i) direct private investment and PPPs, (ii) expenditure reprioritization and efficiency, (iii) domestic revenue mobilization, (iv) external grants and concessional financing, and (v) sovereign borrowing on domestic or international credit markets. The paper concludes with some general recommendations on what combination of the above approaches might be suitable for Tanzania. ER -