Union of the Comoros : Selected Issues

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

June 29, 2018

Electronic Access:

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Summary:

This paper examines Comoros’s weak domestic revenue and volatile windfall revenues. Weak revenue mobilization and reliance on volatile one-off windfall gains remain a significant development challenge for Comoros. Weak revenue mobilization not only makes it more difficult for Comoros to finance its significant development needs, but also increases the budget’s reliance on uncertain and volatile one-off revenue streams. Sustainably improving revenue mobilization based on realistic and attainable budgetary targets is key to the financing of Comoros’s medium- to long-term development goals without endangering debt sustainability. Broadening the tax base and thereby increasing the tax ratio to develop more predictable budgetary financing sources will aid execution of Comoros’s ambitious investment program, which underpins the country’s development strategy.

Series:

Country Report No. 18/190

Subject:

English

Publication Date:

June 29, 2018

ISBN/ISSN:

9781484363775/1934-7685

Stock No:

1COMEA2018002

Format:

Paper

Pages:

46

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