{
  "title": "Equatorial guinea: Staff Report for the 2005 Article IV Consultation",
  "publication": "IMF Staff Country Reports, May 6, 2005",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/equatorial-guinea-staff-report-for-the-2005-article-iv-consultation-18237",
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  "summary": "This 2005 Article IV Consultation highlights that monetary development in the Republic of Equatorial Guinea continues to be dominated by fiscal policy.",
  "sections": [
    {
      "heading": "Executive summary and headline findings",
      "content": "- Monetary development in the Republic of Equatorial Guinea continues to be dominated by fiscal policy.\n- 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.\n- Important progress has been made with regard to transparency and accountability of oil-related revenues and public finance."
    },
    {
      "heading": "Thematic focus and subjects covered",
      "content": "- Budget planning and preparation\n- Capital spending\n- Commodities\n- Expenditure\n- Oil\n- Oil, gas and mining taxes\n- Public financial management (PFM)\n- Taxes"
    },
    {
      "heading": "Keywords and topical descriptors",
      "content": "- appreciation\n- authorities in collaboration\n- authorities' effort\n- authority\n- Capital spending\n- CR\n- Equato Guinean authority\n- gas and mining taxes\n- ISCR\n- Oil\n- petroleum sector revenue\n- Sub-Saharan Africa\n- surplus\n- tax authority\n- U.S. dollar\n\nInternational Monetary Fund. \"Equatorial guinea: Staff Report for the 2005 Article IV Consultation\", IMF Staff Country Reports 2005, 150 (2005).\n\n---\n\n Content in this bundle\n\n- cr05150\n  - cr05150 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr05150 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: May 6, 2005",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451815955.002",
    "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 been made with regard to transparency and accountability of oil-related revenues and public finance.",
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