Fiscal Reforms in Low-Income Countries

By Benedict J. Clements, Liam P. Ebrill, Sanjeev Gupta, Anthony J. Pellechio, Jerald A Schiff, George T. Abed, Ronald T. McMorran, Marijn Verhoeven

March 31, 1998

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Benedict J. Clements, Liam P. Ebrill, Sanjeev Gupta, Anthony J. Pellechio, Jerald A Schiff, George T. Abed, Ronald T. McMorran, and Marijn Verhoeven. Fiscal Reforms in Low-Income Countries, (USA: International Monetary Fund, 1998) accessed December 3, 2024

Summary

The reform of fiscal policies and institutions lies at the heart of structural adjustment in developing countries. Although the immediate aim of such reform is to reduce fiscal imbalances to achieve macroeconomic stability, the long-term goal is to secure more durable improvements in fiscal performance. This study reviews the fiscal reform experience of 36 low-income developing countries that undertook macroeconomic and structural adjustment in the context of the IMF's Structural Adjustment Facility and Enhanced Structural Adjustment Facility during the period of 1985-95.

Subject: Capital spending, Consumption taxes, Current spending, Expenditure, Revenue administration, Tax administration core functions, Taxes, Taxes on trade

Keywords: Africa, Asia and Pacific, Capital spending, CFA franc, CFA franc country, Consumption taxes, Country authorities, Current spending, ESAF country, ESAF participant, ESAF program, Expenditure policy reform, IMF staff estimate, OP, Program year, Revenue ratio, Tax administration core functions, Taxes on trade, Western Hemisphere, Zone African

Publication Details

Pages:

90
Volume:

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DOI:

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Issue:

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Series:

Occasional Paper No. 1998/005
Stock No:

S160EA0000000
ISBN:

9781557757173
ISSN:

0251-6365

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