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International Monetary Fund. African Dept.

projected to improve by 0.8 percent of GDP over 2015 ( Text Table 1 ). Non-resource revenues remain under pressure from the slowing regional economy, but recent reform measures taken in customs 3 and income and indirect tax administrations are expected to improve collection levels. The expected recovery of economic activity after the elections, and greater stability in border regions with Nigeria should also provide a boost. Resource revenues are likely to decline slightly as prices of oil and uranium exports remain depressed. Nontax revenue targets were also adjusted

International Monetary Fund

conducted a number of special treasury bill auctions and, by June 30, 2002, reserve money (program definition) had been brought to RF 40 billion—RF 0.3 billion below the indicative target for that date. Recent developments in government finances 5. Preliminary information suggests that the domestic fiscal deficit at end-June 2002 was approximately RF 2.5 billion (0.3 percent of GDP) above the indicative target, as delayed collections on nontax revenue and spending on goods and services more than offset higher-than-projected tax revenue. As nontax revenue targets

International Monetary Fund. African Dept.
This paper discusses Niger’s Eighth Review Under the Extended Credit Facility (ECF) Arrangement and Request for Waivers of Nonobservance of Performance Criteria (PC) and for Modification of PCs. Niger’s medium-term prospects are closely linked to returns on major projects in oil and mineral extraction that are under way. Two of the end-2015 PC for the eighth ECF review were missed (on domestic financing and domestic arrears repayment), as were several indicative targets. The IMF staff supports the authorities’ request for waivers for the unmet PC on domestic financing and domestic arrears repayments at end-December 2015.
International Monetary Fund
This paper examines Rwanda’s 2002 Article IV Consultation and Requests for a New Poverty Reduction and Growth Facility (PRGF) Arrangement and for Additional Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries (HIPC). Rwanda’s performance under the 2001 program under the PRGF was broadly satisfactory. Quantitative performance criteria for end-December 2001 were substantially met. Despite slippages in the structural reform schedule, achievements in structural performance were substantial. The authorities have finalized a poverty reduction strategy paper. The program for 2002–03 supports the poverty reduction strategy formulated in that document.
Mr. George T. Abed

cocoa, which has yielded significant revenue. 21 The samples for comparison of tax and nontax revenue targets were reduced to 18 and 17 countries, respectively, because of lack of data. 22 See also Clement and others (1996) . 23 See Amjadi and others (1996) . 24 In addition, some CFA franc zone countries levy special charges on reexports (primarily to Nigeria), which cannot be distinguished from standard export taxes (Benin, Togo, Niger, Mali, and Côte d’Ivoire). 25 The reference is to structural benchmarks that were adopted