The Importance and Drivers of Stock-Flow Adjustments in Mali

Peter Kovacs, Luc Tucker

Stock-flow adjustments-extra-budgetary and below-the-line operations that do not reflect standard spending and revenue-have added 9 percentage points to the debt-to-GDP ratio in Mali over the past decade. That is just under a third of the total increase in public debt over that period. Despite their importance, there is little understanding of the causes of stock-flow adjustments. A number of actions could be taken to either reduce the occurrence of stock-flow adjustments or to increase transparency and monitoring which would assist fiscal policy decision-making

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Year of publication:	2023
Authors:	Kovacs, Peter
Other Persons:	Tucker, Luc (contributor)
Publisher:	Washington, D.C : International Monetary Fund
Subject:	Mali \| IWF-Kredit \| IMF lending