Republic. Reforms of excise duties change the prices of goods, a change to which households respond by adjusting their … individual households to create a microeconomic simulation model that enables me to simulate the impact of changes in excise … duties on households' demands. I show the distributional impact of current excise duties and then I simulate the impact of …

Republic. Reforms of excise duties change the prices of goods, a change to which households respond by adjusting their … individual households to create a microeconomic simulation model that enables me to simulate the impact of changes in excise … duties on households’ demands. I show the distributional impact of current excise duties and then I simulate the impact of …

and progress in public expenditure management. FNDP has strengthened its focus on key issues, emphasizes achieving …

growth in the second half of 2012. The government has launched a three-year fiscal initiative to enhance job opportunities … and preserve fiscal and external sustainability. Plans have been identified to strengthen banks, control mortgages, and …

quantitative performance criteria were met, notably the targets for the fiscal deficit, revenues, and social expenditure. The …

exerting an increasing influence on economic policy decisions. The overall fiscal balance has been kept below budget and …

developments and policies. Fiscal and structural reforms are needed for the FSM to achieve self-sufficiency. The large government … sector will be increasingly unsustainable given coming declines in grants. Fiscal adjustment will need to comprise both … expenditure cuts and revenue measures. Structural reform priorities should include improvements to the legal framework for land …

-added tax (VAT). The results indicate that a revenue-neutral uniform VAT is regressive in its impact on different households. In …