Union of the Comoros: Third Staff Review and Extension of the Staff-Monitored Program
May 26, 2006
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This paper on the Third Staff Review and Extension of the Staff-Monitored Program for the Union of the Comoros reports that important structural reforms have been implemented in the fiscal area, but progress is slow in other areas and institutional capacity remained low. The authorities’ macroeconomic program for 2006 focuses on securing the budgeted primary surplus of about 1 percent of GDP and avoiding new expenditure arrears. Tensions between the union and island governments have risen partly owing to a perceived weakening of coordination on fiscal policy.
Subject: Arrears, Budget planning and preparation, Expenditure, External debt, Imports, International trade, Public financial management (PFM)
Keywords: Arrears, authorities estimate, authorities' letter, Budget planning and preparation, Comorian authorities, consolidated government, CR, economic statistics, financial support, fiscal measure, Global, government, government financial operations, government's focus, Imports, ISCR, near-term structural agenda, net, reform program, revenue, state's ability
Pages:
39
Volume:
2006
DOI:
Issue:
193
Series:
Country Report No. 2006/193
Stock No:
1COMEA2006004
ISBN:
9781451809169
ISSN:
1934-7685
