Narrow Your Choices

Refine By Countries

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Business and Economics > Budgeting

You are looking at 1 - 4 of 4 items for :

  • Type: Journal Issue x
  • Comoros, Union of the x
Clear All Modify Search
Cover IMF Staff Country Reports
Union of the Comoros: Staff Report for the 2012 Article IV Consultation, Fourth Review Under the Three-Year Arrangement Under the Extended Credit Facility, and Financing Assurances Review—Staff Report; Staff Supplement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Union of the Comoros.
International Monetary Fund. African Dept.
The Comorian authorities have made steady progress in fiscal consolidation, reinvigorated their structural reform agenda, and gathered strong public support for sound macroeconomic policies. Macroeconomic developments have been largely positive, mostly thanks to improved policies. External competitiveness has improved step by step in the last year by the recent depreciation of the euro vis-à-vis the U.S. dollar. In the medium term, the government intends to seek further gains in fiscal consolidation and to accelerate reform of public enterprises and civil service.
Keywords:
ISCR; CR; Three-Year arrangement; Three-Year; GDP; ECF arrangement; government; poverty reduction prospect; policy implementation; authorities' revenue mobilization performance; Arrears; Debt service; Credit; Budget planning and preparation; Global; Europe
Cover IMF Staff Country Reports
Union of the Comoros: Third Staff Review and Extension of the Staff-Monitored Program
International Monetary Fund
This paper on the Third Staff Review and Extension of the Staff-Monitored Program for the Union of the Comoros reports that important structural reforms have been implemented in the fiscal area, but progress is slow in other areas and institutional capacity remained low. The authorities’ macroeconomic program for 2006 focuses on securing the budgeted primary surplus of about 1 percent of GDP and avoiding new expenditure arrears. Tensions between the union and island governments have risen partly owing to a perceived weakening of coordination on fiscal policy.
Keywords:
ISCR; CR; government; Comorian authorities; financial support; net; revenue; government financial operations; economic statistics; government's focus; fiscal measure; state's ability; authorities' letter; reform program; near-term structural agenda; authorities estimate; consolidated government; Arrears; Budget planning and preparation; Imports; Global
Cover IMF Staff Country Reports
Union of the Comoros: 2004 Article IV Consultation-Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion
International Monetary Fund
This 2004 Article IV Consultation highlights that economic developments in the Union of the Comoros during 2003 were adversely affected by the difficult relationship between the Union and island governments. The related disputes regarding competencies and resources prevented the design and implementation of coherent economic policies, brought to a virtual standstill structural reforms, and undermined confidence at home and abroad, with adverse consequences for private investment and foreign aid. As a result, the Comoros real per capita income declined for the sixth year in a row.
Keywords:
ISCR; CR; opposition party; revenue account; island president; Union government; Comorian authorities; Arrears; Debt service; Budget planning and preparation; Africa; Southern Africa; East Africa
Cover IMF Staff Country Reports
Comoros: Staff Report for the 2001 Article IV Consultation and Discussions on a Staff-Monitored Program
International Monetary Fund
The federal government has made progress in reducing fiscal imbalances and improving public services. The authorities sharply reduced expenditures on goods and services and transfers, and improved management of the payroll generated a 5 percent reduction in the wage bill compared with 1999. Executive Directors welcomed the staff-monitored program (SMP)'s emphasis on improving fiscal sustainability, and they strongly supported a continuation of the tight public sector wage policy, and endorsed the authorities' plans to reduce employment in the public sector as part of a civil service reform program.
Keywords:
ISCR; CR; governments emergency reconciliation; government; project assistance; donor meeting; emergency program; staff appraisal; Arrears; Budget planning and preparation; Debt service; Africa; Global