## Antigua and Barbuda: 2006 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Authorities of Antigua and Barbuda

_IMF Staff Country Reports, July 11, 2007_

## Source details

**Canonical URL:** [Antigua and Barbuda: 2006 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Authorities of Antigua and Barbuda](https://www.imf.org/en/publications/cr/issues/2016/12/31/antigua-and-barbuda-2006-article-iv-consultation-staff-report-staff-statement-public-21182)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/antigua-and-barbuda-2006-article-iv-consultation-staff-report-staff-statement-public-21182/index.md)
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## Bibliographic details
- Published: July 11, 2007
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451801897.002

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### Overview
- The staff report for the 2006 Article IV Consultation on Antigua and Barbuda highlights the economic backdrop and outlook for restoring sound public finances.
- The government of Antigua and Barbuda has adopted an ambitious reform program to pull the economy from decades of fiscal weakness and declining growth rates.
- The tax reform, including the imminent implementation of the value-added tax, is described as a major achievement.
- The report emphasizes the importance of strengthening tax administration and tax compliance.

### Key findings and themes
- Restoring sound public finances is central to the economic outlook.
- Decades of fiscal weakness and declining growth rates motivated an ambitious reform program by the government.
- Tax reform, notably the imminent implementation of the value-added tax, is a cornerstone of the reform effort.
- Strengthening tax administration and tax compliance is necessary to realize revenue gains from reform.
- Subject areas covered: Arrears, Economic sectors, External debt, Fiscal policy, Fiscal stance, Public debt, Public sector.

### Policy recommendations and priorities
- Implement the value-added tax as a major component of tax reform.
- Strengthen tax administration.
- Improve tax compliance.
- Continue reforms aimed at restoring fiscal sustainability and reversing declining growth trends.
- Manage expenditure and public sector finances to support the fiscal stance and public debt objectives.

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## Content in this bundle

- [Cr07238 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2007/_cr07238.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/antigua-and-barbuda-2006-article-iv-consultation-staff-report-staff-statement-public-21182_