San Marino: Staff Report for the 2004 Article IV Consultation

August 13, 2004

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San Marino: Staff Report for the 2004 Article IV Consultation, (USA: International Monetary Fund, 2004) accessed September 18, 2024

Summary

This 2004 Article IV Consultation for San Marino reports that the economy has slowed considerably since 2000 with the fading of key competitive advantages that had contributed to past rapid development. To restore a positive net asset position and the ability to buffer adverse external shocks, the authorities aim at maintaining the budget in balance or in surplus over the medium term while preserving tax rate advantages. To sustain fiscal consolidation with unchanged or lower tax rates, remaining tax administration problems need to be addressed and generous entitlement programs reformed.

Subject: Economic sectors, Employment, Expenditure, Financial sector, Labor, Pension spending, Public sector wages

Keywords: Agency Ufficio Italiano Cambi, Anti-money laundering surveillance, Asset sale, Authority, Central bank vis-à-vis, CR, Employment, Europe, Financial sector, Global, Interest payment, ISCR, Lower-than-projected personnel cost, Pension spending, Public sector wages, Sammarinese authorities

Publication Details

Pages:

49
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/257
Stock No:

1SMREA0022004
ISBN:

9781451834857
ISSN:

1934-7685

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