Fiscal Adjustment in Sudan Size, Speed, and Composition
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Summary:
The paper aims to identify the optimal size, speed and composition of the medium-term fiscal adjustment in the context of Sudan's limited oil reserves. The permanently sustainable non-oil primary balance approach suggests the need for significant fiscal adjustment over the medium term, requiring a widening of the tax base. Cross-country comparisons highlight VAT and personal income tax (as well as tax administration) as key areas for reform. The paper also suggests the need for complementary expenditure-side measures in the areas of petroleum pricing and anchoring fiscal policy in non-oil indicators.
Series:
Working Paper No. 2010/079
Subject:
Expenditure Fiscal consolidation Oil prices Oil, gas and mining taxes Public debt
English
Publication Date:
March 1, 2010
ISBN/ISSN:
9781451982220/1018-5941
Stock No:
WPIEA2010079
Pages:
43
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