'Held in trust': The role of public funds in economic management

Duncan, Ron, Larmour, Peter and Hunt, Colin (1995) 'Held in trust': The role of public funds in economic management. Pacific Economic Bulletin, 10 2: 41-47.

Author Duncan, Ron
Larmour, Peter
Hunt, Colin
Title 'Held in trust': The role of public funds in economic management
Journal name Pacific Economic Bulletin
ISSN 0817-8038
1834-9455
Publication date 1995
Sub-type Article (original research)
Volume 10
Issue 2
Start page 41
End page 47
Total pages 7
Place of publication Ron Duncan
Publisher Maree Tait
Language eng
Formatted abstract
Public trust funds can serve useful functions, particularly in resource or aid-dependent economies like those of the South Pacific islands. They serve to enhance savings, and to stabilise and sterilise large natural resource revenue flows. But these funds are susceptible to political forces that undermine their effectiveness. Mechanisms to check these influences, such as statutory independence, broadly based board membership and public reporting, should be in place. Decision rules on drawdowns from the funds need to be carefully selected to avoid disrupting fiscal management.
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status Unknown

Document type: Journal Article
Sub-type: Article (original research)
Collection: School of Economics Publications
 
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Created: Tue, 26 Apr 2011, 04:37:29 EST by Dr Colin Hunt on behalf of School of Economics