Comoros: Recent Economic Developments
Summary:
This paper describes economic developments in Comoros during the 1990s. The economic performance of Comoros during 1991–94 was characterized by real growth of about 1.6 percent a year on average, large financial imbalances, an eroding export base, and the accumulation of large domestic and external payments arrears. Public finances came under pressure as revenue performance deteriorated as a result of a narrow tax base, tax exemptions and evasion, and poor tax administration, exacerbated by rising current expenditures, which stemmed in particular from a growing wage bill.
Series:
Country Report No. 1996/106
Subject:
Arrears Capital spending Credit Expenditure Exports External debt Imports International trade
English
Publication Date:
October 15, 1996
ISBN/ISSN:
9781451809008/1934-7685
Stock No:
1COMEA0011996
Pages:
107
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