Fiscal Targets in PRGF- and ESAF-Supported Programs1:
(Unweighted averages; in percent of GDP unless otherwise indicated)
|Under the PRGF2||Under the ESAF3|
|Total revenue and grants||20.3||21.4||1.1||19.4||20.3||0.9|
|Total expenditure and net lending||23.6||24.4||0.8||22.8||23.2||0.3|
|Overall balance (commitment basis)||–3.3||–3.0||0.3||–3.5||–2.9||0.5|
|Overall balance (cash basis)||–3.5||–3.6||–0.1||–3.8||–3.4||0.4|
|Overall balance (cash basis) excluding grants||–6.7||–7.0||–0.4||–6.6||–6.2||0.4|
Excludes Moldova, which did not have an ESAF program; and Guinea-Bissau, Lesotho, and Sierra Leone, where the program data for a number of fiscal variables are three or more standard deviations away from the mean. The components may not sum to the total because of differing sample sizes. The overall balance (cash basis) includes statistical discrepancies.
Refers to program targets set out in the first PRGF program document discussed by the Executive Board after July 1,2000.
Refers to targets set out in the last annual ESAF arrangement.
In most cases, the pre-PRGF year is 1999.
For the sample as a whole, data refer to averages for two years for six countries, and for one year for five countries.
Refers to the year before the last annual ESAF arrangement. In most cases, it refers to 1997.
For the sample as whole, data refer to averages for two years for three countries, and for one year for four countries.
Total expenditure and net lending minus interest payments.
Includes financing not identified at the time documents were submitted to the Board.