Increasing revenue mobilization is a top priority for North Macedonia. This can be achieved through tax policy reform coupled with enhanced revenue administration, a focus of IMF capacity development. Options include more progressive income taxation, streamlined special regimes, and more and better use of property and environmental taxes. The administrative capacity to enforce taxes can be strengthened through strong reform leadership and governance, IT modernization, a more systematic approach to compliance risk management, and improved tax audit methods.
2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Malaysia
On behalf of the Egyptian authorities, I would like to thank Management and the Board for their support in response to the sudden balance of payment shock under the RFI, and their continued support under this SBA request. We also thank staff for the close engagement during remote missions and the careful deliberations and reports. The authorities are in broad agreement with the assessment of the fallout on the economy from the COVID-19 pandemic and the policy response. I will focus this statement on the policies to mitigate the shock and support economic recovery and key priorities for the medium-term.