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certain components of expenditure, such as transfers, and for the balance between labor and consumption taxation. There are … aggregates-encompassing the overall balance as well as expenditure and revenue and their various components-across 19 industrial … clear relationships between the type of political system and choice of tax and expenditure system. The paper also examines …
Persistent link: https://www.econbiz.de/10005599740
This paper is an account of the economic conditions of the Solomon Islands. The macroeconomic situation has shown a considerable expansion in recent years with the external buffers intact. Although the Islands have shown good growth, the IMF staff expects only a moderate performance in 2013 and...
Persistent link: https://www.econbiz.de/10011243382
This report reviews economic development of Namibia in the recent years after the global crisis. The country bounced back very well after the crisis. Namibia exhibited strong performance in the primary sectors, which has led to remarkable growth in the second half of 2012. The government has...
Persistent link: https://www.econbiz.de/10011244754
This report discusses Malaysia’s economic accomplishment and other economic reforms. Malaysia has attained a strong growth in 2012, and a robust growth is expected in the next term. The financial position of Malaysia is sound and supported by a strong regulatory framework with high bank...
Persistent link: https://www.econbiz.de/10011245415
This IMF Staff Report for the 2013 Article IV Consultation presents economic development and policies of Tthe Gambia. The IMF report shows that Tthe Gambia’s economy is picking up slowly from the past drought conditions. The Gambian Programme for Accelerated Growth and Employment (PAGE)...
Persistent link: https://www.econbiz.de/10011243994
This paper focuses on common policies for member countries of Central African Economic and Monetary Community (CEMAC). It highlights that the fiscal stance should be more cautious in some countries where policy buffers are insufficient to withstand shocks. The recent easing of monetary policy...
Persistent link: https://www.econbiz.de/10011244624
-income brackets. It is highlighted that the country’s fiscal adjustment since 2009 has relied mainly on expenditure measures. …
Persistent link: https://www.econbiz.de/10011243022
This staff report on the Republic of Serbia’s Article IV Consultation highlights economic background and policies. The global financial crisis exposed Serbia’s unsustainable growth model and its key vulnerabilities. Robust growth has not taken off, and economic activity is below...
Persistent link: https://www.econbiz.de/10011245570
traditional policy advice that suggests saving part of the oil revenue to smooth expenditure over time. Model simulations show …
Persistent link: https://www.econbiz.de/10011242196
This Selected Issues paper analyzes reforms to Mexico’s fiscal framework. Mexico’s resilient economic performance would be consolidated by increasing fiscal policy buffers and preparing for challenges associated with long-term budget pressures. In the short term, reducing public...
Persistent link: https://www.econbiz.de/10011243718