Republic of Congo: Selected Issues

September 4, 2014

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Format: Chicago

Republic of Congo: Selected Issues, (USA: International Monetary Fund, 2014) accessed December 26, 2024

Also available in: français

Summary

This Selected Issues paper proposes a strategy that could mitigate the adverse effect of fiscal consolidation on inequality and poverty in the Republic of Congo. The paper reviews income inequality and poverty trend and describes the redistributive role of fiscal policy in the Republic of Congo. It also discusses how fiscal consolidation can contribute to achieving distributional objectives through tax and expenditure policy reforms. The Republic of Congo has also started implementing social safety net programs. In order to address the challenges of high poverty and inequality, the Republic of Congo government is focusing on the development of a social safety net targeted at the poor and vulnerable groups. An impact analysis carried out by the World Bank suggests that the cash transfer program could have a significant impact on poverty and inequality in the Republic of Congo. Fiscal consolidation should be based on progressive tax and spending measures, in order to protect vulnerable households during adjustment.

Subject: Expenditure, Financial services, Income inequality, National accounts, Personal income, Public investment spending, Special economic zones, Taxes

Keywords: Africa, Asia and Pacific, CR, GDP, Global, Income inequality, Investment, ISCR, Personal income, Public investment spending, SEZ framework, SEZ in Brazzaville, SEZ strategy, SEZS focus, SEZS success, Special economic zones, Sub-Saharan Africa

Publication Details

Pages:

35
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/273
Stock No:

1COGEA2014002
ISBN:

9781498305990
ISSN:

1934-7685

Notes

Also available in French

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