Equatorial guinea: Staff Report for the 2005 Article IV Consultation
May 6, 2005
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This 2005 Article IV Consultation highlights that monetary development in the Republic of Equatorial Guinea continues to be dominated by fiscal policy. Fiscal outcome was marked by an increase in the fiscal surplus in 2004 compared with 2003 on account of a stronger-than-expected revenue performance owing to higher oil prices and increase in hydrocarbon production that was partly offset by a substantial increase in capital expenditure. Important progress has also been made with regard to transparency and accountability of oil-related revenues and public finance.
Subject: Budget planning and preparation, Capital spending, Commodities, Expenditure, Oil, Oil, gas and mining taxes, Public financial management (PFM), Taxes
Keywords: appreciation, authorities in collaboration, authorities' effort, authority, Capital spending, CR, Equato Guinean authority, gas and mining taxes, ISCR, Oil, petroleum sector revenue, Sub-Saharan Africa, surplus, tax authority, U.S. dollar
Pages:
51
Volume:
2005
DOI:
Issue:
150
Series:
Country Report No. 2005/150
Stock No:
1GNQEA2005002
ISBN:
9781451815955
ISSN:
1934-7685
