Comoros: Staff Report for the 2001 Article IV Consultation and Discussions on a Staff-Monitored Program
IMF Staff Country Reports, August 8, 2001
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- Comoros: Staff Report for the 2001 Article IV Consultation and Discussions on a Staff-Monitored Program
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Bibliographic details
- Published: August 8, 2001
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451809039.002
Key findings
- The federal government made progress in reducing fiscal imbalances and improving public services.
- Expenditures on goods and services and transfers were sharply reduced.
- 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.
Policy recommendations and IMF response
- Executive Directors strongly supported continuation of a tight public sector wage policy.
- Executive Directors endorsed the authorities' plans to reduce employment in the public sector as part of a civil service reform program.
- The SMP was framed to emphasize fiscal sustainability through expenditure restraint and public sector reforms.
Fiscal measures and outcomes
- Sharp reductions in expenditures on goods and services and transfers were implemented.
- Payroll management reforms yielded a 5 percent reduction in the wage bill relative to 1999.
- Public sector employment reduction was planned and endorsed as part of a broader civil service reform program.
Comoros: Staff Report for the 2001 Article IV Consultation and Discussions on a Staff-Monitored Program — August 8, 2001