Cover IMF Working Papers
Buy Book in Print
Fiscal Revenues in South Mediterranean Arab Countries: Vulnerabilities and Growth Potential
Author:
Mr. Karim A. Nashashibi
Search for other papers by Mr. Karim A. Nashashibi in
Current site
Google Scholar Close
Series:
IMF Working Papers
Volume/Issue:
Volume 2002: Issue 067
Language:
English
Publication Date:
01 Apr 2002
DOI:
https://doi.org/10.5089/9781451848915.001
ISBN:
9781451848915
ISSN:
1018-5941
Pages:
17
Keywords:
WP; GDP; yield; excise; income tax; state; Southern Mediterranean Arab countries; tax revenue; VAT; petroleum pricing; exchange rate; GDP ratio; tax yield; tariff revenue; income tax reform; custom duty; VAT yield; privatization proceeds; yield stem; public finance; Nontax revenues in SMCs; currency appreciation; Income and capital gains taxes; Income tax systems; Excises; Trade liberalization; Maghreb
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
Download PDF (496.9 KB) Download Epub
This paper reviews the fiscal revenue performance of Southern Mediterranean Arab countries (SMCs) over the last decade and compares this performance with selected middle income and Organization for Economic Cooperation and Development (OECD) countries. These revenues have been declining over the past few years, and this trend is expected to continue because of a fall in mineral receipts and trade liberalization. Individual income tax yields are substantially lower than in other regions but the introduction of the value-added tax has proven to be highly successful. Higher trade protection than in other regions must be reduced, if SMCs are to be integrated into the global economy. Loss of nontax and customs revenues can be offset by reforms in income tax systems, petroleum product pricing, and by ensuring, through flexible exchange rate policies, that competitiveness is maintained
  • Collapse
  • Expand
Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund