TY - BOOK ID - 84546431 TI - Trinidad and Tobago : the energy boom and proposals for a sustainable fiscal policy AU - Velculescu, D. AU - Rizavi, Saqib. AU - International Monetary Fund. PY - 2005 SN - 1462398251 1452759243 1282391682 9786613820112 1451907524 PB - [Washington, D.C] : International Monetary Fund, Western Hemisphere Dept., DB - UniCat KW - Electronic books. -- local. KW - Fiscal policy -- Trinidad and Tobago. KW - Petroleum industry and trade -- Trinidad and Tobago. KW - Investments: Energy KW - Macroeconomics KW - Public Finance KW - Industries: Energy KW - Energy and the Macroeconomy KW - Energy: General KW - Fiscal Policy KW - Hydrocarbon Resources KW - Macroeconomics: Consumption KW - Saving KW - Wealth KW - Petroleum, oil & gas industries KW - Investment & securities KW - Energy sector KW - Oil KW - Fiscal policy KW - Natural gas sector KW - Government consumption KW - Economic sectors KW - Commodities KW - National accounts KW - Energy industries KW - Petroleum industry and trade KW - Gas industry KW - Consumption KW - Economics KW - Trinidad and Tobago UR - https://www.unicat.be/uniCat?func=search&query=sysid:84546431 AB - Trinidad and Tobago is experiencing an energy boom stronger than the ones in 1970s and 1980s. The main fiscal policy challenge is to ensure that the increased revenues from the ultimately exhaustible resources are used in a way that protects the competitiveness of the nonenergy sector, builds assets to ensure intergenerational equity, and provides a cushion for stabilization. This paper derives estimates of a sustainable level of primary fiscal balance using Friedman's permanent income hypothesis. These estimates can be used as a guide for the formulation of medium- and long-term fiscal policy frameworks. ER -