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Priorities for strengthening key revenue sources in Asia

Gupta, Sanjeev; Jalles, João Tovar - In: Asian development review : studies of Asian and pacific … 40 (2023) 2, pp. 271-303

This paper discusses the evolution of key taxes during the past 20 years in developing Asia and the fiscal challenges … capacity and tax potential, and discusses the productivity of key taxes in the region. The paper finds that developing Asia has … property taxes. Increased allocations and better targeting of social spending would help offset some of the regressivity …

Persistent link: https://www.econbiz.de/10014426318

Tax and Pension Reform in the Czech Republic-Implications for Growth and Debt Sustainability

Botman, Dennis P. J.; Tuladhar, Anita - International Monetary Fund (IMF) - 2008

The Czech Republic has embarked on an ambitious tax reform and expenditure package to bring the deficit sustainably below 3 percent, and intends to reduce the deficit to 1 percent of GDP by 2012. To address the long-term fiscal challenge due to population aging, pension reform proposals are also...

Persistent link: https://www.econbiz.de/10005263864

Expenditure Composition, Fiscal Adjustment, and Growth in Low-Income Countries

Clements, Benedict J.; Gupta, Sanjeev; Baldacci, Emanuele; … - International Monetary Fund (IMF) - 2002

This paper assesses the effects of expenditure composition as well as fiscal adjustment on economic growth in a sample of 39 low-income countries during the 1990s. The paper finds that strong budgetary positions and fiscal consolidation are generally associated with higher economic growth in...

Persistent link: https://www.econbiz.de/10005264087

Investment Incentives and Effective Tax Rates in the Philippines; A Comparison with Neighboring Countries

Klemm, Alexander; Botman, Dennis P. J.; Baqir, Reza - International Monetary Fund (IMF) - 2008

We compare the general tax provisions and investment incentives in the Philippines to six other east-Asian economies-Malaysia, Indonesia, Lao, Vietnam, Cambodia, and Thailand. We calculate effective tax rates and find that general effective tax rates are relatively high in the Philippines, while...

Persistent link: https://www.econbiz.de/10005264199

Tax Reform and Debt Sustainability in Germany; An Assessment Using the Global Fiscal Model

Botman, Dennis P. J.; Danninger, Stephan - International Monetary Fund (IMF) - 2007

In 2005, the German government announced a far-reaching fiscal adjustment program. This paper uses the IMF’s Global Fiscal Model to study its impact and explores options for addressing long-term pressures from population aging. The growth effects of the planned VAT increase are likely modest,...

Persistent link: https://www.econbiz.de/10005826636

Fundamental Determinants of the Effects of Fiscal Policy

Kumar, Manmohan S.; Botman, Dennis P. J. - International Monetary Fund (IMF) - 2006

We explore the underlying determinants of the macroeconomic effects of fiscal policy and tax and social security reform using the Global Fiscal Model (GFM). We show that the planning horizon of consumers, access to financial markets, and the elasticity of labor supply, as well as the...

Persistent link: https://www.econbiz.de/10005769145

Global Aging Pressures; Impact of Fiscal Adjustment, Policy Cooperation, and Structural Reforms

Kumar, Manmohan S.; Botman, Dennis P. J. - International Monetary Fund (IMF) - 2007

channels. To maintain sustainability, fiscal adjustment needs to be broad-based, while avoiding increases in direct taxes …

Persistent link: https://www.econbiz.de/10005769258

Strategies for Fiscal Consolidation in Japan

Botman, Dennis P. J.; Papa M'B. P. N'Diaye; Edison, Hali J. - International Monetary Fund (IMF) - 2007

Japan's key fiscal challenge is to put public finances on a more sustainable footing. This paper investigates the macroeconomic implications of alternative fiscal strategies for Japan using the IMF's Global Fiscal Model. The results suggest that: (i) an adjustment package that achieves primary...

Persistent link: https://www.econbiz.de/10005599368

Fiscal Management of Scaled-Up Aid

Gupta, Sanjeev; Last, Duncan; Adenauer, Isabell; … - International Monetary Fund (IMF) - 2007

This paper discusses the role of fiscal policy and fiscal institutions in managing scaled-up aid. In an environment of volatile scaled-up aid, fiscal policy formulation should be anchored in medium-term frameworks, incorporating a longer-term view of potential resource availability and spending...

Persistent link: https://www.econbiz.de/10005605053

The Macroeconomic Challenges of Scaling Up Aid to Africa

Yang, Yongzheng; Powell, Robert; Gupta, Sanjeev - International Monetary Fund (IMF) - 2005

This paper surveys the economic literature on the scaling-up of aid to Africa. It provides a checklist of issues that need to be considered when preparing a long term macroeconomic projection for a country involving the assumption of a significant increase in aid. Such scaling-up scenarios are...

Persistent link: https://www.econbiz.de/10005605181