苏里南：在预期的石油繁荣之前加强财政框架

SURINAME Strengthening the Fiscal Framework Ahead of the May 2026 Prepared By Jean Pierre Nguenang, Ervin Prifti, Harry Snoek, Clemens Mungenast Authoring Departments/Institutions: High-Level Summary Technical Assistance ReportFiscal Affairs Department Prepared by Jean Pierre Nguenang, Ervin Prifti, Harry Snoek, Clemens Mungenast TheHigh-Level Summary Technical Assistance Reportseries provides high-level summaries of the assistance provided to IMF capacity development recipients, describing the high-levelobjectives, findings, and recommendations. ABSTRACT:This technical assistance report was prepared in response to Suriname’s request for supportin strengthening its fiscal framework ahead of the anticipated offshore oil production starting in 2028. Thereport finds that while Suriname has made significant legal advances by adopting a robust PublicFinancial Management (PFM) Law in 2024 and revamping the Savings and Stabilization Fund Suriname(SSFS), operationalization of these frameworks remains incomplete due to institutional capacity JEL Classification Numbers:H61, H62, H63 Keywords:Fiscal Framework, Savings and Stabilization Fund Suriname (SSFS), Medium-Term FiscalFramework (MTFF), Public Financial Management (PFM) Law, Oil Revenue Management The contents of this document constitute a high-level summary of technical advice provided by the staff ofthe International Monetary Fund (IMF) to the authorities of Cambodia (the "CD recipient") in response totheir request for capacity development. Unless the CD recipient specifically objects within 30 business International Monetary Fund, IMF PublicationsP.O. Box 92780, Washington, DC 20090, U.S.A. Background Suriname stands at a pivotal moment as it prepares for an expected oil boom beginning in 2028, whichoffers significant opportunities for economic growth and poverty reduction but also poses substantialmacro-fiscal risks. Recognizing these challenges, the Government of Suriname (GoS) requestedtechnical assistance from the International Monetary Fund’s (IMF) Fiscal Affairs Department (FAD) to The project aimed to identify institutional gaps and provide a roadmap to transition from a strong legaldesign to effective implementation of a rules-based fiscal framework. This technical assistance builds onprevious IMF advice, including recommendations from the 2025 Article IV consultation and earliercapacity development efforts, and aligns with the Government’s priority to anchor fiscal policy in The mission engaged extensively with the Ministry of Finance and Planning (MoFP), line ministries, theCentral Bank of Suriname (CBvS), and other key institutions. It also facilitated a workshop with broadstakeholder participation to foster technical exchange and build consensus on reform priorities. The Summary of Findings Suriname has made notable progress in establishing a comprehensive legal framework for fiscaldiscipline, anchored by the 2024 Public Financial Management (PFM) Law and the Savings andStabilization Fund Suriname (SSFS) Act. These laws embed two key fiscal rules: a medium-term net debtanchor (public debt net of SSFS assets) and binding annual primary expenditure ceilings. The SSFS is Despite this strong legal foundation, the fiscal framework remains largely non-operational. Secondarylegislation necessary to operationalize the fiscal rules and the SSFS, including detailed provisions onescape clauses, asset-liability management, and investment strategies, are yet to be finalized. The SSFS The MTFF, which is central to linking fiscal rules with budget preparation, is underdeveloped and not yetfully integrated into decision-making. The MTFF model lacks financing and debt modules, and datalimitations, especially concerning the oil and gold sectors. Institutional coordination is weak, with limiteddata sharing among key agencies, and the macro-fiscal function is understaffed and under-resourced. The Budget Strategy Paper (BSP), intended as the medium-term fiscal anchor and policy communicationtool, has yet to fulfill its legal and strategic role. The 2026 BSP covers only a single year, lacks numerical omits critical components such as a public investment strategy, comprehensive fiscal risk analysis, and Overall, the report highlights that the main challenges lie not in the legal design but in operationalreadiness, sequencing, and capacity constraints. Without urgent action to finalize secondary legislation, Summary of Recommendations The report recommends a comprehensive, phased approach to operationalize Suriname’s fiscalframework ahead of the anticipated oil boom, emphasizing regulatory, operational, and communicationactions. First, it urges the acceleration of implementation by finalizing and approving the Decree onSustainable Government Finances, nominating a high-level Steering Committee to oversee reforms, and Second, the report stresses the importance of operationalizing fiscal rules and the SSFS throughsecondary legislation and transi