San Marino: Staff Report of the 2001 Article IV Consultation

December 21, 2001

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San Marino: Staff Report of the 2001 Article IV Consultation, (USA: International Monetary Fund, 2001) accessed November 23, 2024

Summary

San Marino showed enviable growth performance. Despite the positive economic developments, the central government budgetary balance has moved into a substantial deficit on an accruals basis, because of tax collection difficulties and rapidly rising outlays on generous entitlement programs. Executive Directors noted that reforms of the pension and health care systems were required to maintain the country's sound fiscal position. They welcomed the authorities' plans to strengthen banking supervision, adopt a legal framework to fight against money laundering, and improve statistics and accounting.

Subject: Employment, Fiscal policy, Labor, Labor costs, Revenue administration, Wages

Keywords: CR, Development of San Marino, Economy, Employment, Europe, Global, Government, Growth performance, ISCR, Labor cost advantage, Labor costs, San Marino authorities, San Marino economy, San Marino's banking sector, Wages

Publication Details

Pages:

39
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2001/225
Stock No:

1SMREA0012001
ISBN:

9781451834826
ISSN:

1934-7685

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