Guinea-Bissau: Staff-Monitored Program
July 26, 2005
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This paper focuses on the Staff-Monitored Program (SMP) for Guinea-Bissau. The SMP, which covers the period April–December 2005, is based on the budget for 2005. It aims at avoiding new domestic arrears through a cash-rationing system, at improving tax administration and expenditure management, and at laying the basis for main public sector reform programs in the future. Economic policy focuses on rehabilitation of war-damaged infrastructure and on promoting economic growth by eliminating excessive regulation. The program also aims at improving governance.
Subject: Arrears, Budget planning and preparation, Current spending, Debt service, Expenditure, External debt, Revenue administration
Keywords: Arrears, capital contribution, CFA franc, clearance program, CR, Current spending, debt relief, debt service, Debt service, demobilization expenditure, financing gap, government, government program, government savings, Guinea-Bissau, ISCR, support, West Africa
Pages:
54
Volume:
2005
DOI:
Issue:
252
Series:
Country Report No. 2005/252
Stock No:
1GNBEA2005004
ISBN:
9781451815795
ISSN:
1934-7685
