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Business and Economics > Budgeting

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  • Type: Journal Issue x
  • Corporate Finance and Governance: General x
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Cover IMF Staff Country Reports
United Arab Emirates: Selected Issues
International Monetary Fund. Middle East and Central Asia Dept.
This Selected Issues paper discusses measures to strengthen fiscal policy and budget frameworks in the United Arab Emirates (UAE). It provides an overview of government’s revenue and expenditure developments, and presents fiscal sustainability analysis that is most relevant to countries with large hydrocarbon wealth such as the UAE. The paper discusses measures to contain expenditure growth—controlling the public wage bill, reducing subsidies and transfers, and stabilizing other expense in real terms. It also proposes options to increase nonhydrocarbon revenue such as broadening corporate income tax with lower rates, introducing a low rate-broad based value added tax, and levying an excise tax on automobiles.
Keywords:
ISCR; CR; government; small and medium enterprise; bank; funding; revenue; country authorities; guarantee scheme; portfolio consist; SME access; government expense; rating agency; Small and medium enterprises; Budget planning and preparation; Credit; Energy subsidies; Loans; Middle East; North Africa; East Africa; Sub-Saharan Africa; Global
Cover The Low-Income Countries of the Commonwealth of Independent States
The Low-Income Countries of the Commonwealth of Independent States
Progress and Challenges in Transition
Sarosh Sattar
and
Mr. Clinton R. Shiells

Abstract

The CIS-7 Initiative was launched in 2002 and endorsed by ministers from the CIS-7 and donor countries, with the objective of promoting poverty reduction, economic growth, and debt sustainability among the seven poorest countries of the Commonwealth of Independent States (CIS). This volume draws from the follow-up conference held in Lucerne, Switzerland, in January 2003. The objective of this conference was to achieve an understanding of the development agenda in the seven countries and the key policy measures to be taken by the governments and donors to improve future prospects for the countries’ populations.

Keywords:
SEM; CIS-7; country; enterprise; private sector; CIS country; international community; transition country; public expenditure; land assets; Kyrgyz land reform reform program; State interference; Budget planning and preparation; Small and medium enterprises; Exports; Central Asia; Central and Eastern Europe; Eastern Europe; Central Asia and the Caucasus; Global
Cover IMF Staff Country Reports
Republic of Korea: Staff Report for the 2002 Article IV Consultation
International Monetary Fund
This 2002 Article IV Consultation highlights that the economic growth of Korea rose to about 6 percent in 2002 from 3 percent in 2001. Buoyant consumption and residential construction spending underpinned the recovery beginning in late 2001. In 2002, exports rebounded strongly in spite of a weaker-than-expected recovery in the global economy. Unemployment has eased to near pre-crisis levels, although wage rises have been matched by productivity growth. In terms of macroeconomic policies, the fiscal surplus was substantially higher than budgeted, resulting in a contractionary fiscal stance in 2002.
Keywords:
ISCR; CR; headline CPI; core CPI; government; CPI; food; staff appraisal; Core CPI inflation; public funds; IMF staff estimate; Financial sector; Commercial banks; Budget planning and preparation; Corporate sector; Global; East Asia; Asia and Pacific