Antigua and Barbuda: Staff Report for the 2005 Article IV Consultation

April 22, 2006

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Antigua and Barbuda: Staff Report for the 2005 Article IV Consultation, (USA: International Monetary Fund, 2006) accessed December 22, 2024

Summary

This 2005 Article IV Consultation highlights that data for the first half of 2005 point to a widening fiscal deficit for Antigua and Barbuda. A combination of a reduction in capital spending and some improvement in revenues following a tightening of the concessions regime resulted in a closing of the primary deficit to 1½ percent of GDP in 2004. Revenues have performed well following the reintroduction of the personal income tax. The external current account deficit has narrowed to about 11 percent of GDP, financed by foreign direct investment.

Subject: Arrears, Civil service, Economic sectors, External debt, Labor, Public debt, Public sector, Revenue administration

Keywords: Arrears, Caribbean, Civil service, CR, Global, Government, Government hope, Government of Antigua and Barbuda, Government wish, ISCR, Policy development, Private sector, Public sector, Staff appraisal, Staff's GDP projection

Publication Details

Pages:

65
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/145
Stock No:

1ATGEA2006001
ISBN:

9781451801866
ISSN:

1934-7685

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