Term:
Contingency funds or reserves
Definition:

A separate fund or a budget provision set aside to meet unforeseen and unavoidable requirements that may arise during the budget year. Certain types of contingency (such as meeting loan guarantee obligations) may be specified as a potential use for such funds.

Domain:
Finance
Source:
IMF, 2007, Manual on Fiscal Transparency, IMF, Washington DC, Glossary
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