Are Diamonds Forever? : Using the Permanent Income Hypothesis to Analyze Botswana's Relianceon Diamond Revenue

Basdevant, Olivier

This study assesses the sustainability of Botswana’s diamond-related fiscal revenue. Diamond reserves are not adequate to generate enough permanent revenue to sustain a high level of expenditure. Under the current fiscal rule that no debt may be accumulated, Botswana will have to save more to avoid an abrupt adjustment in the medium term

Year of publication:	2008
Authors:	Basdevant, Olivier
Other Persons:	Basdevant, Olivier (contributor)
Publisher:	Washington, D.C : International Monetary Fund
Subject:	Botsuana \| Botswana \| Diamant \| Diamond \| Einkommenshypothese \| Income hypothesis \| Öffentliche Einnahmen \| Public revenue

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