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Fiscal Revenues in South Mediterranean Arab Countries: Vulnerabilities and Growth Potential

Author/Editor: Nashashibi, Karim A.
Authorized for Distribution: April 1, 2002
Electronic Access: Free Full Text (PDF file size is 519KB)
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.

Summary: 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
 
Series: Working Paper No. 02/67
Subject(s): Tax revenues | Algeria | Egypt | Jordan | Lebanon | Morocco | Syrian Arab Republic | Tunisia | West Bank and Gaza Strip | Exchange rates | Oil pricing policy | Value added tax
Author's keyword(s): Southern Mediterranean Arab countries | tax revenue | VAT petroleum pricing | exchange rate
 
English  
    Published:   April 1, 2002        
    ISBN/ISSN:   1934-7073   Format:   Paper
    Stock No:   WPIEA0672002   Pages:   17
    Price:   US$15.00
       
     
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